Barack and Joe: Taxation

I keep thinking about Joe the Plumber.  I went back and read the full transcript of his dialogue with then-candidate Obama, in October of 2008, right when all the awful things had begun to happen to the economy.  It is really an amazing exchange of views -- most amazing because no other interviewer or media question-shouter ever got as much out of Obama about his economic vision as Joe did.  When Tom Brokaw later complained on Charlie Rose that "We don't really know anything about Obama," he could at least have listened to what Obama told Joe. So -- let's us re-listen. Joe asks: Well, the reason why I ask you about the American Dream -- I mean, I work hard.  I'm a plumber; I work 10-12 hours a day [Obama: Absolutely.] and I'm, you know, buying this company and I'm gonna continue to work that way.  Now, if I buy another truck and adding something else to it and, you know, build the company, you know, I'm getting taxed more and more while fulfilling the...(Read Full Article)