I worked on a website for a friend of mine who is going into business as a consultant to resellers, channel partners, and services partners. It went live today. Check it out at: http://www.ajbadvisors.com.
I really want to write something gloomy and unpleasant, but it's so darn nice out today I just can't do it. Low 70s. Dry. Blue skies. Light breeze. Even yard work might seem pleasant today. Perhaps that is pushing it, but it's REALLY nice out.
Three things happened this morning that prompted me to write this post. First, a friend of mine commented on my previous post by stating that raising taxes during a recession is a bad idea. Sounds like common sense. Then I read in the Tribune about an interview with Michele Bachmann. "We have to lower tax rates considerably on job creators. And with everything from the death tax to alternative minimum tax to 100% expensing immediately for small business,” she said on Fox News Sunday. When asked about extending unemployment benefits to regular people she replied: “I don’t think we can afford it.” OK, so we know where her priorities lie. Then I read the article about Warren Buffet. He said that we need to stop “coddling” the mega rich. He claimed that higher tax rates will have little effect on investment and job creation.
I decided to do a little digging to see if I could find some numbers and see if there’s any correlation between top marginal tax rates and unemployment. I goog…