Loved reading this in the pages of the New York Times letters section of all places.
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.,
The writer is the president of Citium Wealth Management and an adjunct professor in the M.B.A. program at Seattle University.
As I noted on November 5, the voters of Washington state resoundingly rejected a left-wing soak-the-rich tax scheme.
It’s time to make the White House own its noxious war on wealth and prosperity.
The latest on the Beltway negotiations here.