The Plank

Cuban: Tax Me!


Warren Buffett isn't the only highly successful, fabulously wealthy entrepreneur who wants a more progressive tax code. So does outspoken blogger (and Dallas Mavericks owner) Mark Cuban:

It makes absolutely no sense that [Buffett], or I should pay a smaller
percentage of our income than those who go to work 8 hours a day and
have to save as much as they can to afford a vacation every year and
stress out about whether or not they can pay their rent, mortgage or
college for their kids. ...I would be perfectly fine paying a higher percentage of income,
both in federal income taxes and as part of a consumption tax on luxury
items. If Warren wants to buy or build a yacht for a hundred million
dollars. Nail him with a 10pct federal tax surcharge. If I want to buy
a Gulfstream Jet for 40mm dollars. Nail me with a 10pct federal
surcharge above and beyond current taxes. There are plenty of items,
from jewelry to 100k plus cars to 10mm dollars or more first, 2nd and
3rd homes. If you can afford to buy these kind of goodies, and choose
to, cough it up.

Syntax and punctuation aside, I find myself reading Cuban's post and nodding in agreement. I think the man may have a future in politics! He's that rarest of political creatures--a populist who demands tax increases and spending cuts:

My agreement to pay more taxes comes with a caveat.Right now I
hate paying taxes because I feel like I'm giving money to a known crack
addict. However much you give, its not enough. They will buy their
crack, get a short term high and soon be back asking for more. The
federal government , whether in Republican or Democratic hands is the
same way. No matter how much you give, they are always asking for more,
more, more. Always spending on the ridiculous, without remorse and
without the ability to restrain itself. Just like a drug addict.If you are going to raise my taxes, I want somethings in return. Raise my taxes by 1 pct, by every 1 pct you cut federal spending.

If only the federal government could raise money the same way the NBA does! Damn First Amendment...

--Josh Patashnik 

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