Princess Angelina Contessa Louisa Francesca... (maynardsong) wrote in ontd_political,
Princess Angelina Contessa Louisa Francesca...
maynardsong
ontd_political

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Their wealth is an exact measure of the value they have provided to society.

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.,

Nov. 29

Source

The shit, folks?
Tags: economics, flames on the side of my face, wealth, wtf
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