Simon Sinek Quotes
Multi-millionaires who pay half or less than half of the percentage of tax the rest of us pay justify their actions by saying they pay what the law requires. Though true, the fact is they found ways within the law to beat the purpose of the law - which, in the case of taxes, is that we all pay our fair share.
Sinek, Simon. Leaders Eat Last: Why Some Teams Pull Together and Others Don't. Portfolio, 2014, p. 98.
As a result of years of lobbying many vested interests were getting tax exemptions for their activities. Some of the richest corporations and people paid little or no taxes. This was like the old European monarchies where the dukes and nobles got tax exemptions from the king and the middle class and poor people paid a much larger percentage of their income and wealth than did the nobility. Fairness in taxation is very difficult in practice. See {633629}
At the time, he, th richest man in America was paying a lower ta rate than his secretary, his employees and the waiter who served him lunch. The “Buffet Rule” was developed and named for him that said that wealthy people should pay a minimum rate of taxation regardless of tax credits, deductions and other means of tax avoidance.
Simon Oliver Sinek is a British-American author and inspirational speaker. He is the author of five books, including Start With Why (2009) and The Infinite Game (2019).