I'm a billionaire. Please raise my taxes

[babylonsister]

http://www.latimes.com/opinion/op-ed/la-oe-steyer-im-a-billionaire-please-raise-my-taxes-20171005-story.html

Op-Ed Tom Steyer: I'm a billionaire. Please raise my taxes
Tom Steyer


As a billionaire, I would profit substantially from the tax cuts proposed last week by President Trump and the Republican Party. But I am strongly opposed to even one more penny in cuts for rich people and corporations.

My reason is simple: Tax cuts for the rich defund the critical public programs on which American families depend.

snip//

As a presidential candidate, Donald Trump promised to “fix the rigged system.” By “fix,” he apparently meant rigging it to permanently benefit billionaires like himself.

Unrigging the system will require us to acknowledge that the American middle class enjoyed its strongest period of growth from 1950 to 1970 — a time when the effective tax rates for the wealthy were above 40% and the U.S. took unrivaled leadership in the global economy. It will require that we think of investment not as something done solely by the private sector, but as a category that encompasses public spending.

Bullish investment in the American people has arguably been the most important factor in our national success. But out of greed and selfishness, Republicans are intent on fighting such investment at every turn. After accumulating nearly all of the economy’s gains over the last 10 years, billionaires like Trump, and me, can more than afford to pay our fair share.

Let’s raise taxes on the rich and use the money to invest directly in the American people — by improving infrastructure, promoting clean energy, strengthening public education and expanding healthcare. Let’s boost wages to stimulate economic growth and job creation. It’s the only way we will create broad prosperity, rebuild the middle class and give working families a fair shake.

At a time like this, there’s only one reasonable position to take: I’m a billionaire. Please raise my taxes.

Tom Steyer is president of the progressive advocacy organization NextGen America.

[DK504]

1. George Soros as a billionaire, a self made billionaire

says please raise my taxes, but the right wing middle class hates his guts. I am so confused.