More Irony Courtesy of the Sausage Factory (with bonus Baucus Follies feature)

Just yesterday the WSJ Op-Eders treated us to the illogic of anti-trust enforcement (see here) and today they note the pathetic irony of the current direction on tax policy:

"There's another irony here: Advocates of higher taxes on the rich argue that Congress has a duty to inform Blackstone's prospective shareholders about the potential tax hike before the IPO. That's because if taxes are raised on these partnerships, the value of their shares will fall -- and no one wants small investors to take a hit. But the same logic should also apply to the 15% tax rate on dividends and capital gains that Senator Baucus and his fellow Democrats want to increase to 39.6% and 20% by letting the Bush tax cuts expire; that would also whack small investors by slashing stock values."

N.B. Here is a brief history of Max Baucus's follies - here, here, here, here, and here.