Post by NOTTHOR on Oct 16, 2008 9:51:31 GMT -6
This is long and complicated, but try to follow along:
According to the non-partisan Tax Policy Center, Barry will only raise taxes on those earning between $250k and $603k by an average of $121 per year. Some stupid conservative Republican retards who are trying to smear Obama's campaign have scoffed at this idea and believe the hike will be higher than that. Politicians don't lie, if Obama's plan calls for only a $121 tax hike for those in the $250k-$603k range, then by God, that's all it will be.
So I have just invented a new kind of swap, called a tax hike swap. Basically, AIG will set up a captive sub that will take in a modest premium (say $242, or 2x the projected average hike), and then insure the buyer of the swap against any tax hike in excess of $121 per year. This is a can't miss idea.
When tax hikes are very, very small, like Obama has promised, the purchaser of the swap will have paid $242 and will never collect on a claim, because Obama isn't going to materially raise taxes. What do you guys think of this idea? It seems to me like a license to print money.
According to the non-partisan Tax Policy Center, Barry will only raise taxes on those earning between $250k and $603k by an average of $121 per year. Some stupid conservative Republican retards who are trying to smear Obama's campaign have scoffed at this idea and believe the hike will be higher than that. Politicians don't lie, if Obama's plan calls for only a $121 tax hike for those in the $250k-$603k range, then by God, that's all it will be.
So I have just invented a new kind of swap, called a tax hike swap. Basically, AIG will set up a captive sub that will take in a modest premium (say $242, or 2x the projected average hike), and then insure the buyer of the swap against any tax hike in excess of $121 per year. This is a can't miss idea.
When tax hikes are very, very small, like Obama has promised, the purchaser of the swap will have paid $242 and will never collect on a claim, because Obama isn't going to materially raise taxes. What do you guys think of this idea? It seems to me like a license to print money.