GloucesterTimes.com, Gloucester, MA

Letters/My View

November 28, 2012

Letter: How much is enough?

To the editor,

While Washington struggles precariously near the edge of a fiscal cliff over a few percentage points in the top income tax bracket, consider this.

Last year, the income of the head of a large hedge fund was $4 billion. If not just the top bracket, but all of that income were to be taxed at 99 percent, his income after taxes would still be $40 million.

That is 100 times as much as the salary of the president of the United States.

Wouldn’t that be enough?

Milt Lauenstein

Exeter, N.H.

1
Text Only | Photo Reprints
Letters/My View

NDN Video
How Brian Hoyer Stacks Up With Johnny Manziel Can Buckeyes fill Miller's void? Victoria's Secret Models Prove They're in Fighting Shape Crews rescue elderly woman trapped inside flooded minivan Taylor Swift Reveals New Album 1989 is Full-On Pop Man Poses for New Mugshot Photo Wearing Shirt with Old Mugshot Photo On It Disquieting times for Malaysia's 'fish listeners' Caught On Camera: Johnny Manziel Obscene Gesture Rita Ora Embraces the Ice Bucket Challenge Bird surprises soccer player Ashley Young during game Chapter Two: Never too late to become an artist Ice Bucket Challenge Goes Viral, Raises Over $15M For ALS Damaging Winds Stop the Show! In the Cockpit of the Air Force's Elite Squadron Pathologist: Autopsy Shows Teen Repeatedly Shot Christina Aguilera Has a Baby Girl Marvel Fans: Watch Dancing Baby Groot Over and Over! Raw: Protesters, Police Clash in Ferguson Gov. Rick Perry responds to indictment Breaking: Officials release name of police officer in Ferguson shooting