I believe President Obama’s proposed tax hikes — including the massive “bank tax” — are a prescription for economic calamity. But I do understand that the “tax the rich” frenzy finds resonance with many Americans. Throughout history, banks — and bankers, in particular — have been identified with the worst elements of societal greed. They make easy targets, especially these days. Which is why passage of the $61 billion tax increase on the banks should be a piece of cake, right?
Snatching bailout money has not been the only success of banking lobbyists. They have also managed to defeat …
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