My trust fund shall not abide an Obama presidency.

I promised myself this wouldn't be a blog about politics. It isn't. I suppose this is more about public education and its unsurprising failure. (Tip for readers: private school, even if religious, pays dividends for life.)

Somewhere in the annals of the last 18 months, the notion of "change" was coupled with the definition of "improvement." The two are not even synonymous. Change could be good, but when it's taking the form of massive wealth redistribution, it's probably bad--at least for this blog's intended readership.

Certainly the hoi polloi are thrilled over this impending victory. It's not every presidential administration that you get a full $1,000 refund just for holding a job, even if your tax liability is less than that. But, remember that the median annual household income in the US is around $45,000, with tax exposure well in excess of $1,000. Let's be perfectly clear about one thing: this refund is going to put money into the pockets of only the most marginally employed.

The broader effect of this wealth redistribution fiat, to say nothing of impending regulation on the financial markets, will be a flat market for the foreseeable future. Good news for people who need to preserve value, but people with things like "goals" and "aspirations" are going to be scuttled. The lack of high-yield investment opportunities in the market proper will just drive the entrepreneurial types underground. The result: New boiler room markets, free from regulation. I imagine the returns would be great on these, but telling my trustee to investigate them would cause some difficulties. Mostly with the IRS.

Obama is a very intelligent man, in as much as someone who decided to pursue a legal career can be, and graduated magna cum laude from Harvard Law School. Putting aside the fact that he probably got rejected from Yale and Stanford, he's a self-made national figure that will define a generation, whether for good or ill. For pure inspirational value, he's easily in the same league as J.C. Watts, Bobby Jindal, and even Bill Clinton. As someone who is advised by Larry Summers and Warren Buffet, though, he has quite a tin ear on tax policy.

Postscript: McCain's selection of Sarah Palin, a complete lightweight, for Vice President ensured I would not vote for him.