In case you missed it, President Obama’s campaign to raise tax rates on the rich gained an interesting ally a few days ago – Ben Stein.
In an interview on CNN, the economist/ actor said he rarely agrees with the president’s policies, but raising taxes on millionaires is “totally fair and abosolutely necessary” to save the economy. In his State of the Union speech last week, Obama said millionaires should pay at least a 30 percent rate.
It’s fantasy to believe that the economy will fully recover without raising takes on the uber rich, Stein said.
It was evident from his televised testimony during a Parliament hearing that Rupert Murdoch had lawyered up. He should have manned up. It’s one thing to say your underlings let you down and their underlings let them down.
But not once did the head of the powerful News Corp. organization accept responsibility for the phone hacking scandal. My guess is that the best lawyers that money can buy told the media baron just how far he could go. Apaprently, being a man was going too far.
Once again Steve Jobs has proven he knows what geeks want. Lines were long at West Town Mall this morning as customers scrambled for the latest version of the iPhone. Some customers lined up yesterday.