Wednesday, October 13, 2004

More Taxes for the Rich

Daniel Gross explains the seeming paradox of the super-rich supporting the candidate who will raise their taxes. When you truly have enough money other things become more important than making more money. Go figure.
"The specter of plutocrats spending millions of their own hard-earned dollars to elect somebody who wants to raise their taxes is mystifying to the materialists at the Wall Street Journal editorial page and the Club for Growth, who think that man is a purely economic being who lives and dies by marginal tax rates alone. But to many people who have made f***-you money, taxes are a byproduct of wealth, not an obstacle to its creation. It's hard to find anybody who has made $1 billion, or $100 million, or even $50 million complaining about high marginal tax rates. Of all the luxuries massive wealth affords, one of the nicest is not having to worry about tax policy."

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