Have you ever wondered why billionaires like George Soros financially support politicians who say they will "increase taxes on the rich"?Some guys make big money from big government.
The answer quite simply is that the tax increases are most often put on people trying to become rich, not those already rich. Hence, the rich, big government advocates can gain far more by "buying" the politicians. The "bought" politicians then provide them with confidential information about administrative decisions, which these donors then use to place big bets in the market, making themselves much richer. If you have deep financial pockets and inside information, you can make huge amounts of money when markets drop.
Friday, October 24, 2008
You Lose:Soros Win
The Washington Times reports: