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President Barack Obama claims that the economy grows from "the bottom up" and that taking money away from the wealthy in the form of higher taxes, including on capital gains, and the distributing that money in the form of cash payments to lower income people with no tax liability will be the key to success.

1) Do you agree with his approach generally,

2) Do you think he will go through with this tax policy during this crisis?

Jimmy:
(1) No, I don't agree with that approach. See my newest article. (2) I think there's an 80% chance nobody's tax rates will increase as long as we're in a recession.

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