Who would to so incredibly stupid to propose an 80% tax rate on capital gains?
Louis Gerstner – the former CEO of I.B.M. You know them as the company that is currently promoting taxing people “congestion pricing” for driving their cars into the city (like in Stockholm, Sweden) , and pitching the Obama government to let IBM be the builder of the “intelligent” “Smart Grid” which will let central environmental managers do things like turn off your air conditioning to “save the planet”.
Before working at IBM, he was the chairman of the Carlyle Group, the world’s second largest Private Equity Firm. If you’re a global conspiracy person, the Carlyle Group is already on your list – even Michael Moore’s. He also has worked for TARP recipient American Express, and Tobacco product seller RJR Nabisco.
Note that the co-author of this story is PBS’s Judy Woodruff, wife of former Wall Street Journal Editor Al Hunt – who is now executive Washington Editor for the Bloombama news Service. Isn’t it sort of a conflict of interest to be the editor in charge of reviewing your wife’s reporting? Where is the opposing point of view in this story that this might be a really stupid idea?
Tags: Al Hunt, American Express, capital gains, Carlyle Group, IBM, Judy Woodruff