Taxing the Rich more is Good ... But only for Me

stack of gold bars and one hundred dollar bills and one euro coins
Photo Credit: Dr. Pinna

Back in June of 2008 I announced that I was going to vote for Obama [see my article President Barack H. Obama will make me Rich] because he's such an incompetent, socialist moron that gold would easily reach $2,000 an ounce under his misrule. The Gold price on the day I wrote that article was $883 an ounce.

So how close was my prediction? I was off by a century note - early in the first week of Sept 2011, gold hit $1900.30 an ounce.

Now this idiot is pushing to have the Buffett Rule passed, a poorly disguised attempt to double the capital gains tax to 30%. This is good ... for me. Why? Because I will simply move my money to countries that have a capital gains tax rate of less than 30% and hopefully so will others transfer billions of dollars elsewhere thus drying up investment in our economy and destroying any possibility of a recovery. This should help drive gold even higher, hopefully to $3,000 an ounce and make me even more money.

How can you not love this guy? I'm definitely voting for him again.

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