Audio: Wealthy Brace for Obama Taxes

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The tax increases for this crowd cannot come soon enough! Where, for instance, do you think NBA salaries come from? From the sports fairy?

They come from fans getting poorer by watching. High taxes are not just for revenue. They are to discourage excess.

Tax the NBA, NFL, pro baseball, movie stars, rock stars, hedge fund managers and lawyers (etc. etc.) at 70%. We'd all be better off.

Imagine how good of entertainers we could find to work for $250,000 or less.

of 12:01PM November 18, 2008

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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Generation Earn

Senior editor Kimberly Palmer’s book, Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back, is now available.

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