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Asset Protection: According to Larry Summers, you could be a traitor

Posted February 28, 2008

“In his speech, Larry said the tax system needs to be made ‘more progressive,’ (aka ’soak the rich’) and ‘fairer’ (meaning ‘repeal the Bush tax cuts’). He said he wants to tackle the rising federal budget deficit.” — Bob Bauman

by Bob Bauman

Baltimore – (TFN): You may not recognize his name immediately. Honestly, his name sounds like he might be a life insurance salesman from Peoria.

But the last time I heard about Larry Summers, he had just been fired as president of Harvard. Larry was dismissed with cause because his ultra-liberal colleagues in the Harvard faculty suspected he was a “sexist pig.” Unfortunately for him, this former Harvard president had the audacity to observe there are differences between men and women!

Before that, Larry made a questionable name for himself as the U.S. Secretary of the Treasury during the first Clinton epoch (1993-2001). At the time, Larry called Americans who give up their U.S. citizenship allegedly to avoid taxes, “traitors.”

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

New Century Financial
BANKRUPT!

American Home Mortgage
BANKRUPT!

Two Bear Stearns Hedge Funds
BANKRUPT!

The bad news just keeps on coming. And it keeps getting worse, e xcept for those savvy investors who know how to make these “disasters” work for them.

Give me 10 minutes, and I’ll show you how you could turn financial bloodbaths like these
into gains of as much as 467%, 594% and 640%.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Fortunately, cooler heads prevailed and Larry had to apologize publicly for his reckless expansion of the word “treason.” Indeed, the framers of the U.S. Constitution were themselves in full revolt against British taxation.

The framers cited high taxes as a justification for their treason against the Crown. But then Democrats tend to be selective about American history before FDR and the New Deal.

Asset Protection: Legal tax avoidance

Nowadays, Larry has turned up on the left-wing brie and chablis speech circuit. No doubt he’s pulling down multi-thousand dollar fees, and repeating the discredited radical tax ideas that he and the Left have been chanting for years.

He spoke recently at the Tax Council Policy Institute conference in Washington, D.C. In his speech, Larry said the tax system needs to be made “more progressive,” (aka “soak the rich”) and “fairer” (meaning “repeal the Bush tax cuts”). He said he wants to tackle the rising federal budget deficit.

As a conservative, I agree with this new found concern about the budget deficit, but note: He said nothing about cutting spending. Read on to learn how Summers is planning to erase the budget deficit. And under his system, you could be branded a “traitor to America.”

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Posted by Bob Bauman · Filed Under Politics 

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