Breaking news Feed
- Sleep with Rolex & Patek Philippe at Florence's Luxe L'O - Hotel L'Orologio
- German Billionaire Offers World's Fastest Long-Range Superyacht for $85 Million
- $2.7 Million Patek Philippe Watch Stars in Christie's Sale
- Charter Steven Spielberg's New Superyacht for $1.3 Million a Week: The World's Most Expensive
- The Classicist: VO Guns Debuts the Falcon, World's Most Expensive Rifle, for $820,000 [EXCLUSIVE]
- Win a Ride With Harrison Ford in His Private Plane & More in Bid to Save the Earth Auction - Part I
- Memo to Prince William: Before the Royal Wedding Have Kate Middleton Sign a Princely Pre-Nup
- Steve McQueen's Famed 1970 Porsche 911S at Auction
- Theatre Of Horticulture: The Orchid Show Opens at the New York Botanical Garden
- EXCLUSIVE: Abramovich Said to Be Owner of World's Most Expensive Painting
Featured stories Feed
- The Classicist: Southern Proper's Timeless Style
- Fairy Tale Castle on the French Riviera, Estate of the Day
- Shoot 'n Share Camcorder Projector: Simple Enough for a Child to Use
- Five Fabulous Things to Do On A Ski Trip Without the Skis in Park City, Utah
- The Classicist: Thoroughbreds, Bourbon and Private Planes from Flexjet
- World's Most Expensive Poker Set for $7.5 Million
- Herman Miller Sayl Ergonomic Work Chair Review
- Luxist Giveaway: Element Case Vapor Pro iPhone 4 Case
- The Fashion Statement: The Rise of Flatforms
- RSVIP: Dinner with an Astronaut and Fireworks in Costa Rica
Categories
- 10 Luxuries (13)
- Apparel (1516)
- Architecture & Design (83)
- Art (1054)
- Auctions (1452)
- Big Givers (129)
- Books (300)
- By Design (48)
- Celebrity Design (216)
- Celebrity Shopping (1475)
- Charity (592)
- Charity of the Day (163)
- Children (102)
- Cigars (363)
- Cosmetics and Fragrance (432)
- Crimes and Misdemeanors (116)
- Decor (2404)
- Dining (1562)
- Estates (3822)
- Events (737)
- Gadgets (1336)
- Green (369)
- Handbags (2263)
- Holiday Guides (120)
- Jewelry (1651)
- Lux Tips (31)
- Luxury Cars & Autos (2724)
- Luxury Shopping (91)
- Luxury Travel & Hotels (2962)
- Modern Gentleman (12)
- Men's Style (529)
- Pets (199)
- Real Estate Developments (536)
- Services (403)
- Shoes (474)
- Spas (411)
- Spirits (1155)
- Sports (658)
- Tell Us Everything (8)
- The Classicist (168)
- The Fashion Statement (104)
- Timepieces / Watches (2089)
- Video (65)
- Wealth (433)
- Wine (1460)
- Wings (717)
- Writing Instruments (183)
- Yachts & Sailing (1023)
Featured Galleries
Blogs We Love
- A Continuous Lean
- A Luxury Travel Blog
- Born Rich
- CIRCA Jewels Blog
- Creed Boutique Blog
- Departures
- Dr. Vino
- EgoTV
- FabSugar
- Home Decor
- Home Design
- Hotel Chatter
- How To Spend It
- If It's Hip, It's Here
- JamesList
- Just Luxe
- Lavish Property
- Luxuo
- New York Observer: Culture
- Notes On A Party
- Real Estalker
- Robb Report
- ShelterPop
- Splendora
- The Life of Luxury
- The Luxury Spot
- The Sartorialist
Also on AOL
- Autos
- Technology
- Lifestyle
- Gaming
- Finance
- Entertainment on AOL
- Lifestyle on AOL
- Sports on AOL
- Travel on AOL
- More on AOL
Reader Comments (Page 1 of 1)
8-18-2009 @ 7:04PM
David S. Lesperance said...
In the U.S, the top 0.1% paid 17.4% of the total tax revenue (according to 2007 IRS data). So it is not a stretch to call them "the Golden Geese". No matter who you think is responsible, all levels of U.S. government are now looking at the ugly combination of decreased tax revenues and increased revenue requirements for the foreseeable future. Since the bottom 90% of taxpayers contribute only 6% of the total tax take, the Golden Geese know that everyone is looking to them to pay more. All the current proposals in Congress are requiring the Golden Geese to give up even more of their golden eggs.
Each Golden Goose makes their own decision as to when "enough is enough". Whether the Farmer (aka: Government) or the other barnyard animals (aka: the 99.9% of the Voting Public who are not Golden Geese) think "its just one more golden egg", doesn't come into the equation. Also at some point the Farmer's statements that "the golden eggs are for the common good" or "this farmyard is the best place on earth to live" will no longer be effective in keeping the Golden Geese in place. As an advisor to Golden Geese who are eying the barn door in unprecedented numbers, I often question the long-term wisdom of the Farmer and the barnyard animals. Once the Golden Geese have flow away they contribute NO MORE GOLDEN EGGS in the future.
Reply
8-20-2009 @ 3:05PM
C.S. said...
Wow, Mr. Lesperance. Everything you say seems so credible . . . oh, wait, no it doesn't. It's a pile of hilariously misleading crap.
First, you act as if the cutesy-titled "Golden Geese" get or got nothing from their affiliation with the U.S. in amassing their wealth. As if there was no SEC, no U.S. military, no National Guard, no local police forces and no judical system to protect their interests and maintain the stability required for their businesses; no stock exchanges and no educated workforce to accomplish their goals; and no government investment in basic research and/or infrastructure to exploit. You also act as if the Golden Girls --- sorry, Golden "Geese" -- will take all of these things with them when they go, and there will be no other people willing and able to take advantage of the same benefits once the 24 karat Honkers fly abroad.
Second, you act as if they are fleeing in greater numbers now than they were before --- which, as I stated before, is highly questionable. But since you are in such a unique position, I wonder if you've ever asked your clients "why now"? Why weren't these same folks fleeing in the 90s? Why weren't they fleeing in the late 80s? Why not in the 70s? 60s? 50s? Basically, I guess I'm asking why the rich now are so much wimpier now than they used to be. Don't they know the taxes the Kennedy's paid? Or the Rockefellers? Why are they so whiny?
Third, you conveniently forget that to the extent your numbers are credible, they are not indicative of how important these Golden Goslings are to the economy or the U.S., but rather how incredibly much more money they have been allowed to amass than other folks, especially considering a tax structure designed by their friends and cronies.
Fourth -- thanks for the nice "barnyard animals" reference. You're classy.
Fifth, please explain why we should grant your rantings any more credence than those of the fellow quoted in the article, given that your website brags about relocating rich people? "Helping international clients sort through the relative advantages of relocating to non-traditional tax havens such as Australia, New Zealand, Ireland, Canada and Switzerland." I mean, that's your job, right? You help rich people dodge taxes, right? And what do you do when you "Consult[] on and propos[e] changes in economic citizenship legislation with the elected officials of several Caribbean nations"? Does that mean that you lobby elected officials to change their country's tax structure for the benefit of your clients who aren't even citizens? Elected officials who don't earn much money, live in a poor but beautiful country, and might be accustomed to a lesser degree of oversight with regard to the conduct of their business than officials in the U.S. -- sorry, in deference to your location, I should say "officials in the U.S. and Canada"? Because that's what it sounds like from where I sit, so I just wanted to ask.
If your entire professional existence is predicated on stoking these kinds of ridiculous perceptions, what credibility do you really have?