Rich Socialists Who Love High Tax Rates For Everyone – Except Themselves

In the March 14, 2001 on-line edition of the Washington Post in an article titled "The Very Rich Pay Growing Tax Share", David Geffen, the music mogul who amassed a $3.3 billion fortune and was placed 70th on the Forbes 400 list of the richest Americans that year, was quoted as saying: "Speaking for myself, I don't need a tax cut or tax relief…It is a privilege to be an American citizen…It is appropriate to pay a greater share of taxes." Sure. Easy for you to say, Geffen. David Geffen made his fortune about 10 years ago by selling his … Continue reading Rich Socialists Who Love High Tax Rates For Everyone – Except Themselves