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The existing pledge would be paid from by tax increases on the rich, such as taxing capital at the same rate as income.
Not in what is called, in Aspidistra, the "money stink" that leaks, like furtively broken wind, from the well-meaning, well-bred rich, such as Ravelston.
The novelist, who has sold more than 350 million books, last year issued a call for the rich, such as himself, to pay more tax.
They wanted to close tax loopholes for the rich, such as the special "carried interest" tax break for hedge-fund and private-equity partners.
Very few countries are allocating more public money to the funding of arts and culture unless they are very small and very rich (such as Norway and Qatar).
The presumptive G.O.P. nominee told some well-to-do backers that he was willing to eliminate some tax shelters that favor the rich, such as the deduction for interest paid upon mortgages for second homes.
Similar(40)
Lectures on combining it all often come from the ultra-rich, such as Sheryl Sandberg.
This applies especially to the super-rich, such as London's resident Russian oligarchs.
These chains have spawned a new breed of the super-rich, such as Karl and Theo Albrecht, owners of Aldi, and Dieter Schwarz, owner of Lidl and Kaufland.
China's wealthiest tycoons are still worth far less than the global hyper-rich, such as Mexican tycoon Carlos Slim, who topped the rankings with an estimated fortune of £46.5bn, while Microsoft chairman Bill Gates was second with £42.7bn.
"As a result, our political parties have been significantly weakened, grassroots organizations have been muzzled, and the voices of ordinary Americans have been silenced — all to the benefit of unaccountable, ideologically-driven outside groups and the ultra-rich such as George Soros and Sen. Jon Corzine who have the means to self-fund their own political campaigns".- From Roll Call.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com