If these taxes were in place when he was coming up, he would have a fraction of the money he has.
Going to explain it to a gullible democrat supporter like this; If I take $400 out of your pay check, would you have more options?
The more taken from the private sector, the smaller and fewer options in the private sector.
When you're cozy with the government and money falls out of the sky, you shouldn't mind giving some back.
All this Income Equality tripe is premised upon the belief that there is a fixed amount of wealth in the country. Thus, in order for someone to have more,another must have less.
The concept of growing the economy or adding additional value for which another will pay has been abandoned by the chattering class.
The two old frauds, Buffett and Munger, should shut up. They curry favor with the federal government by buying the Democrats off with large campaign donations….the accepted way to buy “protection” from oppressive regulation.
They have kept the Keystone pipeline from competing with their railroad in transporting shale oil, even though rail shipping is much more expensive and dangerous.
Sam Zell is a conservative, so he is supposed to pay the full freight, however. This country is just one step up from Mexico in government corruption.
The taxes on wealth were much higher when I was much younger.
I think a 0.5% portfolio/asset/net worth tax instead of any income tax would be just fine. I wonder if the billionaire would agree?