Eliot Spitzer, the poster child for anti-business and anti-individual liberty tactics using and abusing the power of his office of Attorney General for the state of New York, has done it again. Angry because H&R Block refused to cede several tens of millions of dollars in settlement with him, Spitzer has sued the tax preparer for $250 million. Why?
Because Block offers IRA savings programs for small and first-time savers. Apparently New York's "Attorney General for the Little Guy" doesn't like the "Little Guy" to have the freedom to invest in small IRAs. (For more, see "Spitzer's Rotten Call" in today's New York Post.)