Yes, Let’s Take Away Billionaires’ Amusements
August 20, 2012 6 Comments
Matthew Yglesias says that the fact that a billionaire is spending his money on something that Matthew Yglesias thinks isn’t worthwhile demonstrates ‘why progressive taxation is important’:
As people get richer and richer, it gets harder and harder to think of cost-effective ways of spending the marginal dollar on amusing yourself.
I’ll try to remember this argument the next time I ponder George Soros, who has spent millions of his money on (IMHO) dumb things that apparently amuse him and that he (wrongly) thinks are worthwhile, such as the Center for American Progress, which runs that blog ThinkProgress, which actually gainfully employed Matthew Yglesias for many years. You know, to ‘blog’. Exhibit A that there are lots of billionaires out there wasting their money on truly dumb things and that this must be stopped.
RELATED: Soros buys part of a soccer team. Those billionaires and their stupid amusements!