Socio-economic considerations aside, there's something subtly absurd about this situation— I think it's captured especially in the last line of the article: Po

Socio-economic considerations aside, there's something subtly absurd about this situation— I think it's captured especially in the last line of the article: Politicians in Sacramento, California’s state capital, are arguing over how to spend the tax windfall expected from Facebook’s IPO. While conversely, NYT article noted that Warren Buffet paid under $7 million in taxes last year. Personally, I'm of the opinion that taxing the flow of money doesn't make a lot of sense on the face of it. Taxing the static accumulation of money seems like it provides a more sensible set of incentives. Of course, I'm just a guy.