The exercise today for you, the reader, is to connect the dots between the following stories and bits of information:
— The real news (and the motivation for the otherwise-inexplicably-appropriate move by the usually-1%-loving French leader) is buried at the end of this Bloomberg article on Nicolas Sarkozy’s plan to charge a 0.1% tax on all French financial transactions:
Socialist candidate Francois Hollande leads in the French presidential election polls. He has the support of 31 percent of voters in the first round, 6 points more than Sarkozy, and his second-round lead has risen to 20 points at 60 percent, according to a CSA poll published last week. Hollande, too, has pledged to impose a tax on financial transactions, if he’s elected.
— Fred Hiatt once again whines that we must kick Grandma and Grandpa in the groins yet again and finish giving to the 1%ers the last remaining nickels from the pockets of what used to be America’s middle class, all in the name of “deficit reduction”. Dean Baker eviscerates him for us: “The House is on Fire and Fred Hiatt is Worried About What Color to Paint the Kitchen“.
— Prominent American Enterprise Institute wingnut-welfare recipient, Powerline darling, and 1%er apologist James Q. Wilson gets caught echoing Ayn Rand worshiper and idiotic 1%er apologist Paul Ryan’s lies about taxes and upward mobility; contrary to Wilson’s and Ryan’s shared spew, upward mobility is greater in the nations that actually tax their rich — such as most of Europe — than it is in America.
Oh, by the way, the Powerliner who waxed so wet-pantily over Wilson’s prose? None other than Steven Hayward, a typical hypocritical libertarian stand-on-your-own-two-feet kinda guy who has seldom if ever held a real job and who has depended most of his adult life on Claremont and AEI wingnut-welfare subsidies for his daily bread — subsidies that are themselves provided in part by the lumber firm Weyerhauser, which pays him to trash environmentalists.