Billionaire Owner of Washington Wizards Wants Obama to Stop Calling Him Rich
Looks like Ted Leonsis, the billionaire who owns the Washington Wizards, got his fee-fees hurt when the President said all those mean things about rich people having to pay more taxes.
Economic Success has somehow become the new boogie man; some in the Democratic party are now casting about for enemies and business leaders and anyone who has achieved success in terms of rank or fiscal success is being cast as a bad guy in a black hat. This is counter to the American Dream and is really turning off so many people that love American and basically carry our country on their back by paying taxes and by employing people and creating GDP.
This is a bad move all designed by some pollster who said this is the way to get votes during the re-election. It should be stopped. We should be healing and creating teams NOT dividing and pitting people against one another.
Someone needs to talk our President down off of this rhetoric about good vs. evil; about two classes and math.
I love the part when Leonsis claims that he’s “basically” carrying the country on his back. (And it should be noted that NRO’s Daniel Foster loved the whole piece.)
Anyway, I’ve got a few questions for Leonsis.
1. We had steeply progressive taxation in this country from World War I until the late ’80s. In that period, the US economy became the most powerful in the world and the American middle class grew like none other in history. Was that “class warfare”?
2. Taxes are at historic lows for the top 1% and total tax levels are also at historic lows at a time when the country is facing a decaying infrastructure, closing schools and record numbers of American children are surviving on food stamps. Is that a problem?
3. The concentration of wealth at the top in this country hasn’t been this pronounced since the 1920s. Is that a problem? What should be done it?
4. Studies show that Americans favor a much more equitable a distribution of wealth — akin to a country like Sweden. Is this belief rooted in resentment or “class warfare”?
Have fun in comments.