Comment

Overnight Open Thread

771
drcordell2/19/2010 9:09:08 am PST

re: #764 Guanxi88

Eh, I’ll let it drift.

There’s just not enough of ‘em, and once they get hip to the fact they’re getting killed tax-wise, they’ll shut down, throw their money into Municipal Bonds, and call it a day.

You can keep repeating that all you want, but that doesn’t make it true. There are no “John Galts” in this world. Only an idiot would shut down a business that generates $100 million dollars of profit over a tax bill that climbed from $20 million dollars to $30 million dollars.