In Poor Richard’s Almanack, Franklin suggests that a tax rate of 10 percent would bankrupt the nation. However, I recall the past few years paying just that amount alone in my home state of California, where taxes are again being debated as the race for governor heats up. Of course, you can’t believe any politican who says s/he will never raise taxes. This is about as good as Woodrow Wilson’s promise not to send troops to Europe, or LBJ’s vow not to get involved in Vietnam. Once elected, politicians have a way of reverting to form.
That being said, with the NFL season fully upon us, Mr. Unlucky here remembers betting on Chicago to win the Super Bowl last year as a Las Vegas long shot. As usual, I was a year off, as it now appears Chicago is poised to take it all this season. But you never know. Teams have a way of reverting to form as well as politicians. Just look at the recent postseason collapse of the Los Angeles Bums.
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