The greatest game ever played

The greatest game ever played is being played ... right now.


If we roll back the clock to the greatest democratic president... 1992 ...


Bill Clinton.

We see that his veto power and the action of the prior liberal congress, set in motion the last "greatest game ever played". The death tax was well timed to strip the world war two generation of their family wealth; as those of WWII age simply died. The windfall tax boom fueled the government agenda of the 90s and few of the deceased complained.

Roll forward and here we are in 2008 and there is no generation to spread the wealth from. The government has already penalized the middle and lower classes to the extreme. The wealthy already pay the bulk of the taxes, or flee the country. So how can you tax and spend, if there is nothing left to tax. We are already exceeding 50 percent taxes for most Americans.

Joe Biden says it is our patriotic duty to pay more, perhaps 70 percent. His call for renewed "patriotism" has fallen on deaf ears.

Even the most guilt ridden liberal democrat wants no part of higher taxes.

Hm….what if they didn’t know they were going to pay them. The problem with raising taxes on the rich (popular) is that:

1) There aren’t that many rich …

2) They vote with their feet, shipping their investment capital overseas …why do you think the DOW is down 6 trillion dollars and investment funds in Singapore are up …

Where is most of the money in the U.S.? Why it is in the homes owned by individual Americans. They function just like savings accounts.


What a target….for the next ... "greatest game ever played"


Hold on… the first 500,000 of gain on a primary/secondary residence is tax free. Americans would never stand for …

….What if they can’t achieve capital gains…38-48% tax under the democrats “new deal” ….They would rather suffer than sell under these kind of rates…selling may be hard or impossible given a "perfect storm"

….What if they simply have no choice.

What if Barney Frank and his house committee (Finance and Commerce) and its 3 Government Sponsored Entities (Fannie Mae, Freddie Mac, Ginnie Mae) create the perfect storm. Just before the election… Guarantee the election and fund the pork all in one fair swoop...


What if home prices are driven down in all of the most desirable housing markets?

What if banks are driven to the brink of failure?

What if the democratic “new deal” bails them out, secretly with TARP funds. The winners and therefore the losers are all known.

What if “toxic” assets (houses in San Diego, Miami, Detroit, Atlanta….) all become government property for 32 cents on the dollar, purchased from the losers.

What if suddenly, miraculously the housing collapse comes to an end.

What if prices now at 40% below construction costs return to normal.

What if the government sells “its” houses, as the markets come back up, and creates the largest capital gains windfall tax capture in history.

The entire lower half of America’s tax payers have been caught in the new "greatest game ever played". Their equity is now the government's equity. The equity is taxed at not just the capital gains tax, but in it's entirety. 100 % capital gains tax, with an enormously broad base.

Luckily, gratefully the losers(home owners) gasp a sigh of relief as they are finally out from under those "toxic" assets.

They were irresponsible home owners... anyway

GPC Passing Through