This chart captures, in a nutshell, what is dragging down not only the economy, but the spirit of the American public. It illustrates what links together the OWS movement and the Tea Party. However unlikely that pairing might seem, they both share the notion that the tax code, and by extension much of the legislation passed over the last few decades, is primarily for the benefit of special interests.
Now extend the chart to the uncounted pages of legislation and regulations put in place by government bureaucrats and lackeys, and you'll begin to get some sense of the regulatory mountains businesses must climb just in order to survive, much less prosper.
It also makes a very compelling argument for drastic simplification of the tax code (something along the lines of Herman Cain's 9-9-9 plan) or better yet the Fair Tax.
We can only hope...
The New Normal.
1 day ago