Where the Money Is

I don't remember which bank robber said he robbed banks because "that's where the money is". A similar principle appears to guide Democratic tax policy: tax the heck out of rich people because that's where the money is.

Trouble is, the economy needs rich people and their money. We need rich people's money for investment, for new businesses, for expansion of existing businesses.

Obama says he won't wallop the rich folks with taxes until the economy recovers. But what makes him think that recovery can be sustained without them?

Or maybe he figures there'll be plenty of money left over, and that it'll still get spent where we need it. Better hope so.

It is utterly obvious that I'm no economist -- but I don't think I'm completely missing the boat here.