Re: Rich Tax Paradox
As noted in the article the tax rate was higher in the 1950 during a time of good economic growth and, tellingly, a much smaller wealth gap than we see today. As I read once on these pages: "Civilization is expensive, deal with it." Mike Dell may very well be spending a lot of money through his foundation. All of which is tax deductible for him and he decides who is worthy instead of elected representatives of the people. I have no information indicating his foundation does this; but, it has been well documented that some such organizations are tax shells which only benefit the founder and not society, such as Trumps "charitable" foundation which was recently shut down in NY. Society as a whole paid for the foundation which made successful business possible: rule of law, safety, public infrastructure, etc. Why do you think Dell started his business in the US and not El Salvador?