December 13, 2012

FAIR SHARE: Victor Davis Hanson: The Real Fat Cats. “If the country is going to turn redistributionist, then we might as well do so whole-hog — given that eight of the wealthiest ten counties in America voted for Obama. Why not limit mortgage-interest deductions to just one loan under $100,000 — while ending tax breaks altogether for second and third vacation houses? Under the present system, the beleaguered 99 percent are subsidizing the abodes of Hollywood and Silicon Valley ‘millionaires and billionaires’ — many of whom themselves have been railing against the 1 percent.”

UPDATE: Related: Dishonesty in the Pay for College Presidents. Why not cap pay for officers at nonprofits — including colleges and universities — at the level of a Supreme Court Justice? Or, if you’re feeling generous, the President of the United States?