The Transfer of Wealth
A Links entry from Wednesday, September 24, 2008The Transfer of Wealth
According to Senator Byron Dorgan, the total amount of wealth being transferred amounts to $1.7 trillion or $12,200 per taxpayer, via Lenin. I also love this little tidbit from Section 8 of the Treasury Financial Bail-out Proposal:
“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”
Check out Karyn Strickler’s and Robin Varghese’s comments on this.
Bryan Klausmeyer
bryklaus@umich.edu
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