Fight the fight
Reader comment on: Obama Versus the Billionaires
Submitted by ben (United States), Sep 20, 2010 21:07
I appreciate Future of Capitalism fighting a valiant battle on behalf of billionaires. Billionaires really have it pretty rough - tax rates that are going up - so many bills to pay on their jets, vacation homes, artwork and domestic employees. What is a billionaire to do?
People do not earn money in a vacuum. There is a whole society that creates the conditions in which people can start business, manage money and so on. For the past few decades, the system has benefited the wealthy far more than the middle class. It is time to make the playing field more fair. Upping the taxes on the wealthiest and redistributing this into lower brackets in the form of healthcare, improved education and infrastructure is a good place to start.
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The Future of Capitalism replies:
"jets vacation homes artwork domestic employees" — I thought the argument was that billionaires don't need tax cuts because they would save the money not spend it. Here you've just given a whole list of jobs created by billionaire spending -- pilots, artists, construction jobs, domestic employees. Stimulus!
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