To: The Filthy Rich
CC: The Stinking Rich; the Pretty-Darned Rich
When the Gulfstream lands in St. Bart's, can you have your assistant set up a call? We need to talk.
Look, you've had a pretty good deal these past few years. We gave you everything you wanted. Massive reductions in the top income-tax rates? Happy to oblige. Cuts on dividends and capital gains taxes, which overwhelmingly benefit you? No problem. Going after the estate tax—excuse me, the death tax? You got it. We've even agreed to overlook the fact that you private-equity and hedge-fund managers pay only a 15 percent tax rate.