Monday, November 28, 2011
"I want to do that thing rich people do where they turn money into more money."
An article published yesterday in The New York Times described how Ronald Lauder, heir to the multi-billion dollar Estée Lauder empire, has been able to avoid paying millions in taxes. Now, let's get one thing straight: I'm no fan of the Occupy Wall Street movement or any of the protests it has spawned. But I'm pretty sure this is exactly the kind of thing they're fed up with, and I have to say that I agree. Before we even begin discussing raising or lowering taxes, perhaps a good start would be to close the loopholes that Lauder and others have been able to take advantage of, like getting a tax break for buying art and "donating" it to your own charity. Just sayin'.
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