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March 26, 2013

Complaints about wealthy are misguided

The Daily Star

---- — In his recent letter to The Daily Star, Alan Kaplan seems to think that there is a pile of money somewhere that should be shared equally among all of us. Somehow the very wealthy got there first and took an unfair share for themselves and should be made to give it back.

In actuality, people with high incomes have found ways to produce valuable products that the rest of us are willing to voluntarily pay their money for and improve their lives. In addition, the wealthy hire many others to work in their factories to produce those products.

Almost all Americans can afford an automobile, a vacuum cleaner, a washing machine, a computer, a telephone and many other inventions that make our lives better. It is because of entrepreneurs who became wealthy because they found ways to make the lives of all of us easier.

It is shameful that Alan Kaplan and his ilk make heroes of those who are unproductive and condemns those who do so much to improve our lives.

We hear President Obama constantly say the rich are not paying their fair share of taxes. What he never says is what that amount that fair share is. The richest 1 percent now pay 40 percent of all tax revenues. The top 5 percent pay 60 percent and the top 25 percent are paying 86 percent of all tax revenues. One wonders how much is a fair share to the president.

Mr. Kaplan talks about greed in regard to the rich, but he is obviously oblivious to government greed that spends pathologically and then demands people be taxed at rates of nearly 50 percent. In his mind, there is greed only with the wealthy for not wanting to give more and more to the government.

Robert C. Beckman