Boston, MA – Now that the government shutdown has been averted, a surprising group of wealthy taxpayers are stepping up to the plate to be a part of the long-term solution. Today Responsible Wealth and United for a Fair Economy launched the "Tax Wealth Like Work" campaign to focus attention on the discrepancies in the U.S. tax system that reward income from wealth over income from work. Income from capital gains and dividend income – a type of investment income from stocks, real estate, and other holdings – is taxed at a top marginal rate of only 15 percent. Income earned from work, on the other hand, has a top rate of 35 percent.
Per Senator R. Minim (D) MA, I am in favor of this in principle, of course, people before profits and all that is a fine sentiment, but as a practical matter my generous funders would rightly be upset if I were to back a proposal so contrary to the interests of the top.1% of Americans who provide 99.9% of my funding and 100% of my post-Senatorial job opportunities. Besides, Mistress Candidia, CEO of Wealth Bondage, she who rules us all, has just created a nonprofit (Citizens United for Corporate Control) for my life partner to run at $150,000 a year with trivial duties. I would be an ungrateful wretch not to reciprocate one kindness for another. What goes around comes around, you know. Social capital and all that. Must scoot, Mummy is in from the Cape to help me empty the diswasher. We had a party last night for our lobbyist friends and I used the best china.
