Loved reading this in the pages of the New York Times letters section of all places.
To the Editor:
Robert H. Frank’s article (“Taxing the Rich: It’s All Relative,” Economic View, Nov. 28), on the rationale for allowing tax cuts to expire for families’ income over $250,000, is focused on the wrong issue. It’s our spending that’s a problem, not the ability of the wealthiest to pay even more.
I want the wealthy to keep doing what they’re doing. Personally, I am happy I have spreadsheets (thank you, Bill Gates) and can order all my holiday gifts in 15 minutes (thank you, Jeff Bezos). The richest of the rich, in most cases, provide more value to the world via the items they create than any charity or government organization could dream of. Their wealth is an exact measure of the value they have provided to society.
J. Todd Larson
Bainbridge Island, Wash.,
The writer is the president of Citium Wealth Management and an adjunct professor in the M.B.A. program at Seattle University.
As I noted on November 5, the voters of Washington state resoundingly rejected a left-wing soak-the-rich tax scheme.
It’s time to make the White House own its noxious war on wealth and prosperity.
The latest on the Beltway negotiations here.
November 24, 2015 09:49 AM by Doug Powers
Obama to Pentagon: Hurry up with an excuse for why I told everybody ISIS was contained when it obviously wasn’t
November 23, 2015 07:49 PM by Doug Powers
Obama admin’s ‘deal partner’ Iran sentences WaPo reporter to prison; Obama advises foreign leaders to avoid ‘pitfalls’ of America (a Sunday open thread)
November 22, 2015 10:21 AM by Doug Powers
Harry Reid (D-Espicable) preemptively blames Republicans and NRA for the next terrorist attack in the U.S.
November 20, 2015 01:23 PM by Doug Powers
November 19, 2015 07:51 AM by Doug Powers