Waitin' on the Levy Dept.

David Wessel, writing in Thursday’s Wall Street Journal warns us on new aspects of the AMT. (paid subscription required)

Tax The Rich!

Tax the Rich! Tax the Rich!
The fat sheep flee the herder!
Call your Senator! —sire or bitch—
They’re getting away with murder!

Letter the Editor! show your spleen!
Let’s stop this vile unfairness!
Boost their percentage to heights unseen,
(Be damned to fiscal awareness!)

Tax the Rich! Tax the Rich!
Demand a committee hearing!
With your percentage a chronic itch,
The fat sheep need more shearing!

For 92 years it is safe and sound,
Well known to Pol and staffer;
That “revenue lost” is patronage found
(Be damned to Arthur Laffer)

Tax the Rich! in your envy lies
The key to this populist racket.
While productivity brings; “surprise!
You’ve moved to a higher bracket!”

Be a careful chump in demanding who
And where a levy exacts,
Soon little old you may be subject to
The Alternative Minimum Tax.

   posted by Stephen at 10:46 AM | Plink