September 30, 2011 |
The latest group to claim victim status is the rich. Actually the super-rich, whose wealth ordinarily exempts them from pity. While they are not yet subjected to airport profiling (except for early boarding and club access), they sense that the public is turning subtly against them — otherwise how could President Obama propose raising their taxes ? Admirers of the rich, led by pundits and politicians on the right — from Laura Ingraham to Larry Kudlow — have long derided the...
July 8, 2012
I question John J. Gallagher's assertion that the cost of all the embellishments accompanying the sport of dressage [" It's the costs that matter ," Free for All, June 30] puts the Romneys "out of touch with everyday Americans" who might be struggling to make ends meet. It is as if to say that people of substantial means, by virtue of their fortunes, cannot have compassion for those less fortunate. Nonsense. Wealth does not preclude empathy. If that were the case, one would also have to have doubts about such famously rich...
September 9, 2011 |
Republican presidential candidate Jon Huntsman listed between $15 million and $66 million in personal assets in a government filing released Friday. The former Utah governor has extensive holdings worth between $5 million and $25 million in Huntsman Corp., the family chemical company started by his billionaire father, Jon Sr. Huntsman has already given up to to $2 million to seed his campaign and may have to rely further on his personal wealth if his candidacy doesn't attract more momentum.
September 29, 2012
Regarding Harold Meyerson's Sept. 26 op-ed column, "Redistributing wealth upward" : Mr. Meyerson made a fascinating argument. He claimed that the only time in U.S. history that workers substantially benefited from productivity increases was during the three decades after World War II, a period characterized by union power and high marginal tax rates. Since then, he noted, wage rates have not matched productivity increases. At the same time,...
July 12, 2011 |
PUTTAPARTHI, India — For centuries, their image was as barefoot ascetics who spent their lives in solitary Himalayan meditation. But now India's gurus, "miracle workers" and spiritual leaders, often collectively known as "godmen," have become savvy, powerful figures who control vast philanthropic and business empires, dabble in politics and manipulate the media. With that power and wealth, however, have come questions about the business of religion, fueled in recent months by the discoveries of hoards of gold, silver,...
September 23, 2011
Twice in the Sept. 20 newspaper, headlines misstated the concept of "wealth" and "earnings. " The front page led with "Obama lays out case for raising taxes on the rich," while Metro led with "D.C. set to raise taxes on wealthy. " In neither case were those taxes focused on wealth. "Wealth" is what you have, and it's measured at a single point in time. Property, real estate and capital gains taxes are all taxes on wealth. What President Obama and the D.C. Council were proposing (and the council has since...