Can't teach an old dog new tricks

The standard liberal Democrat of solving any problem is one of two ways. Throw more money at it. Or tax it.

The bailout bill is option 1. Now word comes that Nancy Pelosi and her gang of socialists wants to use option 2 as well.

Her brilliant plan is to tax Wall St, if after 5 years, the bailout plan ends up costing tax payers money. Then, presumably the cost to the taxpayers would be made up by the new tax levied on Wall St. firms.

So if I understand her correctly, she doesn't want taxpayers to pay any extra taxes. And in order to achieve that goal, she will impose a new tax. Mr. Orwell himself would be proud by this doublespeak.

Oh but the tax is on "Wall Street" you see. So the "common man" won't be affected, so say the imbeciles with a D next to their name. In the deranged mind of the liberal, Wall St and Main St. have nothing to do with each other. After all nobody on Main St. ever uses a Wall St product. Nobody on Main St. has a 401k invested in and administered by Wall St. Nobody has a bank account. Nobody gets a loan financed by Wall St money.

This tax on wall st, like any other corporate tax is a tax on everyone in the country. When the "Wall St tax" is imposed, who do you think will pay it? The consumer of course. So your $1.25 ATM fee goes to $1.50. Your $4.95 monthly checking account fee goes to $5.25. Your $100 a year IRA fee goes to $115.

A tax is a tax is a tax. Doesn't matter if it's income tax, corporate tax, oil profit tax or Wall St. tax. In the end the payer is the same.

However given the fact that a solid majority of Americans are idiots, they don't see it like that. They want class warfare and punishing the rich is the way to go. And then 5 years from now when ATM fees are $10 a pop to pay for the new tax, Nancy and Co. will propose legislation to punish banks from charging outrageous fees.

And on the stupidity goes on.