Other than satisfying an ego does having a really big house more pleasurable than having just a big house? I just think because we are finite creatures that there are limits to our ability to feel pleasures. So that pass a certain limit large increases in income brings no increase in quality of life.
Frankly I don't care how big his house or his ego is, God bless him, let him build whatever kind of house he can afford.
My problem here is that it is now considered absolute fact that we shouldn't tax guys like this, because taxing him would hurt the economy.
There are guys in this tax bracket who pay next to nothing as a percent of their income. Many pay less of a percent of their income than I do.
Why isn't taxing ME bad for economy?
The answer is that the super rich have friends in politics who look after their interests. They sure as hell are not looking after MY interests.
Not taxing him is bad for the economy. The income that he makes mostly goes into speculation (boom and bust) or savings. It doesn't go into creating demand in the productive economy where people are employed. Right now there is too much money in savings, interest rate is very low. And too much money in speculation, stock market is too high, food prices are too high and oil prices are too high. And not enough money in the productive economy, unemployment is high. Most of money that the rich have goes into speculation (boom and bust), very little goes into starting new businesses.
steamed
Good catch Mr. Gramps. Some non-FF reporter has found out this this Tepper fellow favors Democratic politicians Democrat and it is indeed an embarrassment for the party. This sends up another flag that democrats need to censor the media sources that find out they are richer than Republicans. Another sore spot for us is the exposure of our billionaire George Soros as the leader of the entire FF revolution This is an important project and we would ask Mr. Gramps to take the lead in the "Suppression of Democratic Wealth Information" campaign. We can use the tactics described in the taxpayer funded union labor battle tactics college course.