Despite loud complaints from members of the financial elite about high tax levels, it's interesting to note that they still manage to live in the finest houses, eat at the best restaurants, shop at the most expensive stores. If this is coercion, we should all experience it.
About this quote
- What does it mean?
- Wealthy elites complain about taxes but still enjoy luxury, suggesting their burden is not severe.
- In plain terms
- The rich can afford taxes while living luxuriously.
- What can you take from it?
- High taxes do not necessarily harm the wealthy.
Where it applies
Putting it to work
Questions to consider
- Is the complaint about taxes proportional to the impact?
Another view
Some argue high taxes can still discourage investment by the rich.
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