"Having complained that Romney's investment income isn't taxed enough, Nocera went on to bemoan the wealth required for admission into the Forbes 400. Though a $75 million net worth placed you among the 400 back in 1982, today it's $1.1 billion. Not surprisingly, Nocera thinks inequality of achievement is unfair, and because it bothers him, he wants politicians to do something about it.
"Of course Nocera's anti-Forbes 400 rant misses two basic points. First, he wails about the inequality that this elite billionaires' club represents, but fails to acknowledge that the team picture from the '82 edition of the 400 is almost totally different from the one that exists today. In short, most of the club's members from 30 years ago are not members now, and a major reason they're not is thanks to the willingness of people like Romney to invest in the very entrepreneurs whose success has knocked most of the initial members out of the club. In possession of the envy gene, easily one of the most impoverishing in existence, Nocera is implicitly saying that he doesn't care if tomorrow's innovators lose out on funding thanks to increased taxation on investors; just so long as the members of an ever-changing Forbes 400 aren't getting richer."
http://www.forbes.com/sites/johntamny/2012/09/30/joe-nocera-is-wrong-mitt-romneys-tax-rate-should-be-zero/
Does anyone really think a nation can tax itself to prosperity? Or legislate itself to prosperity? For all of Obama's so called brilliance, he dabbles in nonsense. He seems to have no grasp at all of what drives wealth creation of why liberty created the best living conditions for everyone.
"Of course Nocera's anti-Forbes 400 rant misses two basic points. First, he wails about the inequality that this elite billionaires' club represents, but fails to acknowledge that the team picture from the '82 edition of the 400 is almost totally different from the one that exists today. In short, most of the club's members from 30 years ago are not members now, and a major reason they're not is thanks to the willingness of people like Romney to invest in the very entrepreneurs whose success has knocked most of the initial members out of the club. In possession of the envy gene, easily one of the most impoverishing in existence, Nocera is implicitly saying that he doesn't care if tomorrow's innovators lose out on funding thanks to increased taxation on investors; just so long as the members of an ever-changing Forbes 400 aren't getting richer."
http://www.forbes.com/sites/johntamny/2012/09/30/joe-nocera-is-wrong-mitt-romneys-tax-rate-should-be-zero/
Does anyone really think a nation can tax itself to prosperity? Or legislate itself to prosperity? For all of Obama's so called brilliance, he dabbles in nonsense. He seems to have no grasp at all of what drives wealth creation of why liberty created the best living conditions for everyone.
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