Tuesday, March 18, 2008
"Only little people pay taxes!"
- attributed to Leona Helmsley
Is this what Adam Smith had in mind as the founder of capitalism?
The following are passages from Susie Bright's blog:
... Jimmy [Cayne] is the disgraced former Bear Stearns CEO whose company went kablooey this week, but which was saved by a bailout the Feds engineered with... our tax dollars.
Funny, I was just working on my taxes. Also this week, twenty thousand California teachers got their pink slips, taking our state to the the absolute bottom in public education spending.
But Jimmy and the other Bear Stearns blowhards need my money more.
Jimmy just closed a deal on a twin set of adjacent apartments at the famous Plaza Hotel (home of Eloise!) for $28.24 million.
Altogether, Jimmy and wife will have 6,000 square feet at the Plaza, plus room service, maid service, a concierge, and stunning views of Central Park. I'm so glad everything is working out for them!...
And after all, it's these people's fault that their fortunes went up in smoke, just as it is to Jimmy Cayne's credit that he's found a golden parachute. Right. ...
Read the whole thing here.
(And remember, since Ms. Bright's usual journalistic beat is sex vis a vis politics, this link may not be work-safe).