Commentary
On Tax Day this year, about a dozen left-wing millionaires joined with some of the most liberal Democrats in Congress for a Washington, D.C., press conference. The luminaries included Abigail Disney, Walt Disney’s granddaughter, and former BlackRock whiz kid Morris Pearl.
The group argued that it wants to pay more taxes and urged new tax laws with a tax rate as high as 90 percent for the super-rich due to concerns, it said, about having too much money, which evidently contributes to income inequality.
This “tax me more” coalition calls itself the “Patriotic Millionaires.” Other prominent billionaires such as Bill Gates and Warren Buffett have made the same case that they think they should be paying more taxes….