“I was a kid in the 1950s,” says David Levine. “And the whole time, the top marginal tax rate was 87 percent. Not many people paid that much. Only three baseball players — Ted Williams, Joe DiMaggio and Willie Mays — got there. But it was 87 percent.”
Most people, of course, do not mark major life events by the top marginal tax bracket at the time. But David Levine isn’t most people. Levine is the former chief economist for the investment-management firm Sanford C. Bernstein. He is, as you might expect, a very rich man. But he’s one of those rich guys who, like Warren Buffett, is begging the government to raise his taxes.
Actually, Levine, like Buffett, can send any amount of money he wants to the government right now, so what is really going on is Levine, like Buffett, is really talking about raising taxes for the rest of---so that the interventionist government can grow and grow and its operatives can party in exotic locales. In fact, Levine can send the money directly to the hookers at these parties, if he wants.
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| Colombian hooker, that Levine could send money to, who would then be more than willing to service American SS agents. |
I am willing to bet that even if there is a tax increase, the extremely rich like Buffet will find a way to get around it, while those of minor wealth take the biggest hit.
ReplyDeleteOf course he doesn't care, he's rich already! Even so, I would love to have seen the Reps take a gamble on Obama's faux Baffoon tax and actually added in items conveniently left out by Obama, such as taxing muni income and allowing tax credits and charitable deductions to be used to lower one's Buffoon tax liability. Paying a rate lower then Romney's was simple before the bill and it would be simple after the bill. The bill certainly did not do what Obama was touting it as doing which is making everyone with a million dollar and up income pay at least 30%. Anyhow, you can bet that if the Reps had pushed for these three items to be included in the bill, it would have been killed by the dems instantly. You can also bet that people like Buffet and Levine would be screaming foul! The great divider knew the Reps would stupidly kill the bill without playing any games and that he would get to use it as a club to beat them about their collective heads.
ReplyDeleteThis is a variant of the fallacy floating around the internet that Tom Woods pulverizes here:
ReplyDeletehttp://www.tomwoods.com/blog/werent-we-rich-and-awesome-when-taxes-were-higher/
Did you hire the woman on the picture mr. Wenzel, if so how much? Or did you pick the photo from google search?
ReplyDelete