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A Friendly Reminder for the ‘Patriotic Millionaires for Higher Taxes’ Club

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By Doug Powers  •  November 27, 2010 03:00 PM

**Written by Doug Powers

Joe Biden once called paying higher taxes a patriotic act, and some millionaires are trying to wrap themselves in Joe’s “Tread on Me” flag by begging the government to raise their taxes.

From the Daily Caller:

While the New York Post reported Wednesday that more than 80 percent of Americans believe that keeping the Bush tax cuts is “a priority,” more than 80 millionaires are asking President Barack Obama to “please let the Bush tax cuts expire and raise our taxes.”

In a letter addressed to the President, the millionaires make their case, saying that as successful Americans they are ready and willing to do their “fair share.”

“For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled,” they write. “We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.”

The Patriotic Millionaires for Fiscal Strength, include musician Moby, Men’s Warehouse CEO George Zimmer, Princeton Review founder John Katzman, and Ben Cohen of Ben & Jerry’s ice cream.

It’s funny how a group that claims to be concerned with “fiscal strength” wants the most fiscally irresponsible entity this side of John Daly to confiscate more of their money. But at least “Patriotic Millionaires for Fiscal Strength” sounds better than “We have so much money we can afford to pretend America was built on high taxes, irresponsible spending and foolishness.”

I’ve mentioned this before, but I want to remind these 80-plus millionaires who think their taxes aren’t high enough of something: They can pay higher taxes, and right now. The US Treasury accepts donations. They don’t have to wait for the Bush cuts to expire to pay their “fair share.” No more excuses!

But if they’d like to alleviate some guilt immediately, I’d be more than happy to take some of their burden off their hands.

It would be interesting to know how much money these people who are begging for a tax increase spend each year on accountants to sniff out every possible loophole.

**Written by Doug Powers

Twitter @ThePowersThatBe

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