Some Rich reject Bush Tax Cut.

[yebrent]

Link to article

Some of America's Richest Say 'No, Thanks' to Bush Tax Cuts
by Abid Aslam

WASHINGTON -- Some of America's wealthiest individuals have declined billions of dollars in tax cuts bestowed upon them by President George W. Bush's administration and have urged others among the country's richest and most famous to donate their federal tax cuts to campaigns against the Bush package, often described as ''tax breaks for the rich.''

(snip) For all the Bill Gates haters:

Bill Gates Sr., co-chair of the Bill and Melinda Gates Foundation--the largest foundation on Earth--and father of the Microsoft Corp. co-founder, has spearheaded Responsible Wealth's campaign to oppose regressive changes to the tax code and to reform and preserve the estate tax.

The elder Gates for years has argued that individual wealth is a product not only of hard work and smart choices but also of a society that provides economic development, education, health care, and property rights protection. Such an economy's top dogs benefit the most from tax-funded institutions and programs and therefore should not resent or seek relief from having to pay taxes, he has said.

(snip)Another reason not to shop at Walmart:

Facing off against Gates and Responsible Wealth are families including the widow and heirs of Wal-Mart Stores Inc. founder Sam Walton and influential lobby groups including the National Federation of Independent Business.

Led by Sam Walton's only daughter, Alice, the family spent $3.2 million on lobbying, conservative causes, and candidates for last year's federal elections. ''That's more than double what it spent in the previous two elections combined,'' USA Today reported Wednesday, citing public documents.

The Waltons have sought income tax changes and other legislation that could preserve their shareholding in America's biggest business and the family's $84 billion fortune, the newspaper said.

[Atman]

1. I posted this last night...

Hope you get better traction with it. I found it very interesting. Here is a link to what few other posts there were (I had different snips, too.)

Wealthy Reject Tax Cut thread

[Lorien]

2. Excellent article

thanks for posting this! :hi:

[Kber]

3. Kicked and nominated

[Salviati]

4. Indeed, there are some wealthy who aren't dumb...

and realize what happens when you push the masses to far. It's in the long term best interests of everyone, including the rich, to have a fair system...

[jedr]

5. rich people didn't get rich by being stupid;

doesn't take a whole lot to figure out that the world is not going to end in 2012, and that what money you have will be worthless if the defect isn't brought under control, and selling your debt to China is the capitalists who sold the rope they hung them with. Not to mention that if the middle class doesn't have any discretionary income you can't sell anything.

[stevebreeze]

7. I beg to differ..the rich are no smarter, or dumber then anyone else

you can be very rich and very stupid at the same time...I see it all the time.

[Raster]

6. "...led by Waltons only daughter..." what a bitch!!!

It's time for the walton family to go away. They lie, cheat and steal. Their morals are despicable, as are their business practices. I have not purchased one item at a wallymart or a sham's club in over five years. They won't get one dime of my money.

[alittlelark]

8. Many of our neighbors joined us in using our tax-cuts to defeat *

He is still in office, but most or all of us are sticking w/ donating the tax cut to peace groups or anti-neocon agendas.

How much $$$ does one really need??

[Daphne08]

9. At a time when so many of us are hurting financially,

it is reassuring to know that some who've been blessed DO care about our society as a whole.

I feel only pity for those (such as the Walton heirs) whose avarice cannot be satisfied. One shouldn't judge, but I would imagine that there exists an awful emptiness in the hearts of many of them despite the enormous financial prosperity which has been provided for them.

And I'll leave it at that.