The Super Rich and Acquisitiveness
It would be nice if the super rich, who by definition have a lot more money than they need, would all lobby for a much more progressive tax structure, but it’s not hard to see why only a handful of them, at most, do. They got to be super rich by being acquisitive, or in some cases because their forebears were acquisitive. It’s in their nature to want to hold on to what they have and to want even more than they have. Tom Steyer is a rare and commendable example of a billionaire who advocates a more progressive tax structure. Yet he’s still very much in acquisition mode –– he wants to acquire the presidency. When he doesn’t get it, will he still be a crusader for progressive tax structure reform? Maybe he will, but I wouldn’t count on it.