August 8, 2004
DEFINITION OF RICH
Why does the Federal Government have different definitions of rich?
If I make 200,000 a year, the government wants me to pay as high of a tax rate as someone who makes 200 million a yer.
However, now the SEC, a Federal Government agency run by a multimillionaire, wants to raise the amount necessary to invest with the best investors in the world. I do not believe this is fair.