Article 4VGSZ I’m a multimillionaire – and I think the tax system doesn’t serve most Americans | Stephen Prince

I’m a multimillionaire – and I think the tax system doesn’t serve most Americans | Stephen Prince

by
Stephen Prince
from Economics | The Guardian on (#4VGSZ)

As a CEO, it's clear my peers do not take their tax savings and reinvest it in higher wages and job creation - they tend to keep it all for themselves

I am a multimillionaire in Tennessee, one of the more deeply conservative states in America. In my circle of friends here, I'm often met with scorn for wanting to tax myself and all of my fellow wealthy friends. I'm called a "class traitor" by some, and altruistic by others, but neither are quite true.

The way I see it, the reason for any law is to temper the worst vices of individual human nature, so our society can work for everybody. Not just for the rich or the poor or even just for the middle class - but for everyone.

Individual actions aren't enough to counter an entire system that supports and incentivizes the worst of human greed

Stephen Prince is the vice-chair of the Patriotic Millionaires and a businessman who founded National Business Products, now known as Card Marketing Services, in 1993

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments