Musings of a Young Pastor

Monday, November 22, 2004

Salon: "More relief for struggling millionaires"

So is the Bush administration truly pushing a system in which someone who lives off interest and dividends -- say, Paris Hilton -- would pay less tax than the person who cleans her bathroom? 'Yes,' Press says.

Irons explains it this way: 'I was recently at the Treasury Department, where they were talking about eliminating the estate tax. The attitude was very much, 'Why doesn't everyone realize that we're the ones who create the jobs? Why doesn't everyone realize that it's us, the super-rich, that drive the economy?''

He continues: 'The attitude is that everyone who is working 40 hours a week doing an average job at a construction site, or is a store clerk, or me sitting in an office doing economic analysis, is feeding off the people who are the real successes. The attitude is that the economy should be geared to benefit the people who are business owners, who are rich, who are giving us the benefit of jobs. That's what you really see in the tax code.'

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