Saturday, October 9, 2010

Paul Krugman and the Wily Rich

by Jamie Johnson from Vanity Fair

Often on Saturdays I try to keep in touch with the One Percent of our fellow Americans by reading Johnson's columns in this publication. This writer specializes in reports on the lifestyles of those who benefit most from the system of capitalism. The article reports on how pissed off these folks are about the possibility of paying more taxes and what they intend to do about it.
...the most fascinating thing about right now is what the rich are doing when they aren’t complaining. Most of them are strategizing to pay minimal capital-gains tax by cashing in whatever profitable assets they can before the tax rate rises above its current level of 15 percent.