Opinions

For the current times

In September 2007 there were 150 Aston Martins sold in London alone. Since September 2008 there have been a sum total of three. So, a word of warning here to Messrs Obama, Brown et al: the big spenders in the economy are suffering. Every Aston Martin is built by people who do not pay top tax rates. Every Aston Martin worker buys goods and services from others that are not top tax payers. If you want to see the number of Aston Martin sales go to zero, you will raise taxes on the rich. Problem is, you are all dumb enough to do it. That is because you do not understand complex capital structures and the way economies really work (hardly a surprise when we look at who is running treasuries, central banks and the like). In today's world tax cuts for the rich are paramount to getting the economy moving again. No moral or value judgments here, just fact.

-Dr. Jim Walker-