As someone who understands how the rich view their tax obligations, and what best motivates their charitable giving, I offer the following-
The more tax burdens the gov’t places on them the less they will voluntarily give. This is a fact, even with those making several million a year.
Of course the leadership knows this.The question becomes, why kill the charitable golden goose, if helping to lift the poor IS the main objective?
Like the writer noted, the objective is NOT to help the poor, but to bring down the upper class to a more tolerable level, hoping at some point to squash their money making abilities.
As someone who spent 20 years as the co-owner of a high net worth, east coast tax practice I see the writing clearly on the wall – by the next generation few will dare venture out on their own to make their fortunes.
As the sun rises and sets, the above inevitability is also guaranteed.It is Obama’s MAIN goal, as he is a True Believer.
