Tuesday, November 05, 2013

What is it about the super-wealthy that makes them want to stop others from achieving their best?-------Wealthy didn't 'build that,' they 'rode it,' says Gross

Wealthy didn't 'build that,' they 'rode it,' says Gross:
"Many counter that the top 1 percent already pay more than 36 percent of the federal taxes and 40 percent of the income taxes in high-tax states like New York and California.
Others point out that Gross focuses on people who made their fortunes from finance—those who "borrowed money or charged fees on expanding financial assets."

He ignores the vast number of millionaires and billionaires who made their fortunes by starting companies—whether it's a trucking company or tech company, or maker of electric cars or Spanx. 
Should those people also feel guilty?

And with so many Americans not paying any federal income taxes, many argue that the wealthy already carry enough of the burden."

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