The great myth propagated by the economic right is that American is a meritocracy: if you work hard you can be as successful as your skills and abilities will take you. Any objective analysis of this claim, however, shows just how false it is. We need look no further than the average wages of the middle class over the last 50 years. They remain stagnant. Are all of these people too lazy to improve their station in life? No, of course not. There IS an American aristocracy, and it has existed since the country’s founding.
That’s why I have such a problem with the argument that the wealthy shouldn’t be taxed more heavily than they are because it’s THEIR money, they EARNED it. Perhaps. But more likely they are the recipients of phenomenal good fortune, and undeniably they owe their wealth to a country that gave them the opportunity to have their success. But don’t take my word for it. This interview is particularly interesting because the opinions expressed come from one of those hyper-wealthy people that are supposedly clamoring for more tax cuts.