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They have increased taxes at the top a bit, but, anecdotally, a lot of the top earners are in pretty precarious positions now anyway - their incomes are down substantially (my household is down a third, for example) if they're employed or professionals and they're probably carrying investment loans which are becoming pretty onerous (not so much my household, we have a low risk tolerance).

In the short term squeezing too much will kill the golden goose - and increase the stress on the banking system too. Isn't life grand?

by Colman (colman at eurotrib.com) on Mon Feb 7th, 2011 at 09:51:06 AM EST
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