Why do rich people hate taxes?

How to persuade rich people to pay more in taxes: remind them how lucky they are

Stephen Schwarzman — CEO of Blackstone, the fabled private equity firm — lives well. He made the news in 2007 when he staged a $3 million 60th birthday party for himself and several hundred of his closest friends at the Armory on Park Avenue. According to Gawker’s coverage of the event, “Rod Stewart was paid $1 million to perform for the assembled guests; Patti LaBelle sang ‘Happy Birthday.’ And the room was designed to replicate Schwarzman’s $40 million co-op at 740 Park Avenue.” But Schwarzman believes the government is taking far too much of “his” money. He, like many other superrich people, hates paying taxes. ….[READ]

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