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Tired of watching the president claim the mantle of middle-class protector, the Republicans in Congress caved in on the payroll-tax extension vote.
"It's a done deal," a member of the House Republican leadership told me of the payroll-tax extension agreementnegotiated between the Republican House and the Senate Democrats. "Nobody cares. That's it."
I pressed on the details of how the Republican-led House had transformed itself from last December, when it fought the White House and the Democrats over the same deal, insisting that it had to be paid for by cuts in spending and that it could not include more pork such as unemployment extensions.... (MORE)
What is not obvious is how this scale of extravagant consumption translates into the political conversation. The Anthony Pritzker fortune (LA pile below) that contributes to the LA home that appears as a New Age institute in the video, that includes a bowling alley and a toy store, what is the point of view? Because we can? Note that the Anthony Pritzker fortune in part is devoted to the Obama re-elect. What does it mean that POTUS Obama preaches the millionaire surtax and that the "millionaires and billionaires" must pay "their fair share?" White House Budget for 2013 counts on taxing the super rich, but because there are not enough of them even with surtax rates, this means taxing the families and small businesses who earn well below seven figures, and sometime who earn below $250,000. This is draining the lake again in order to keep the creek flowing to the Federally created artificial wetlands (the Welfare Wetlands, everyone in Dismal Swamp). What Ronald Reagan knew (Arthur Laffer and crew, called the Supply Siders) is that permanent tax cuts for everyone, across all categories, gives energy to grow the economy in all directions. This is fundamental Milton Friedman: every dollar that government takes out of the economy tends to inhibit investment, expansion, risk-taking, consumption, even more focused Federal decisions. The Obama administration is committed to the notion that the Federal and State governments have solutions that must be paid for by taxes on the prosperous. The conflict is fundamental and simple. My guess is that the Titanic houses in the above video are an expression of wealth that does not fear the progressive tax schemes. Likely the assets are constructed like Romney's, off-shore IRAs, in tax free bonds from everywhere, in vehicles that defer income: the usual tax code gymnastics available to the uber-ubers, and good for them. They didn't make the world: they just deal with their version of the puzzles of class and cash.
The Anthony Pritzker home in Los Angeles is a 49,300-square-foot building designed by an architecture firm in Paris.






















