“I’m not even going to touch this other than to say that if you’re financially in the top 2% of the richest nation that ever existed in the history of mankind, and you don’t consider that rich enough, you’re beyond hope.”—Justin Prichard making the case for math while causing a stir in someone else’s family (via megmoody)
I like Nick’s point about making macros and putting political quotes on them and then having that be the end game.
I pretty much agree with him until he starts talking about taxing the wealthy. I will never understand the defense that normal mid-lower class Americans have with taxing the super rich. The poverty gap is growing and the discrepancy between the average worker’s pay and a CEO’s pay is growing. And I don’t care how you shake it no one is doing valiant enough work to ever make more than $20mm dollars year and I am leaving that cap high. I don’t think that is all that radical of an idea.
I am going to let the king of investment, a man who I respect and has a very even keel approach to economics talk about it better than me. I think he would disagree strongly with both those quotes from those pieces in The New York Times and The Washington Post. The very idea that “…Obama’s going to raise taxes on rich people who give to charity! We’ve got to do something to reduce the awful philanthropy surplus plaguing this country!” as a quote that someone said seriously made me almost spit out my coffee.
That to me is taking something complex like tax law making it sound simple and then putting a political spin on it.