Tax free bondsOver three trillion in tax free bonds.The very wealthy could care less about flat tax, progressive tax, fair tax or anything else. They pay no tax. They keep their wealth in tax free bonds and Obama says O.K. by me.
I remember when Mr. Buffett invested better than 5 Billion in Texas City Munis at between 18% and 27% interestWhy invest in the American when you can get those kind of rates with Zero Tax!Its Insane!All this when many of these cities are actually in worse condition than Greece!
Yes Gomez ...Too bad you were not there on the street when that dic Schiff was spouting out how Buffett was payinying 33% on his winnings...":>) JL
My advice to the very wealthy,Sell all tax free bonds.Put the proceeds into gold coins, on the day Gaddafi was killed.Badges