The''Man Bites Dog'' story of over 1,000 highnet- worth
individuals who rose up to protest the repeal of the estate tax
made headlines everywhere last year. Central to the organization of
what Newsweek tagged the ''billionaire backlash'' were two
visionaries: Bill Gates, Sr., cochair of the Bill and Melinda Gates
Foundation, the largest foundation on earth, and Chuck Collins,
cofounder of United for a Fair Economy and Responsible Wealth, and
the great-grandson of meat packer Oscar Mayer who g
內容簡介：
The''Man Bites Dog'' story of over 1,000 highnet- worth
來源：香港大書城megBookStore,http://www.megbook.com.hk individuals who rose up to protest the repeal of the estate tax
made headlines everywhere last year. Central to the organization of
what Newsweek tagged the ''billionaire backlash'' were two
visionaries: Bill Gates, Sr., cochair of the Bill and Melinda Gates
Foundation, the largest foundation on earth, and Chuck Collins,
cofounder of United for a Fair Economy and Responsible Wealth, and
the great-grandson of meat packer Oscar Mayer who gave away his
substantial inheritance at the age of twenty-six.
Gates and Collins argue that individual wealth is a product not
only of hard work and smart choices but of the society that
provides the fertile soil for success. They don''t subscribe to
the''Great Man'' theory of wealth creation but contend that society''s
investments, such as economic development, education, health care,
and property rights protection, all contribute to any individual''s
good fortune. With the repeal proposed by the Bush administration,
we might be facing the future that Teddy Roosevelt feared-where
huge fortunes amassed and untaxed would evolve into a dangerous and
permanent aristocracy. Repeal would drop federal revenues $294
billion in the first 10 years; 27 some $750 billion would be lost
in the second decade, not to mention that the U.S. Treasury
estimates that charitable contributions would drop by $6 billion a
year.
But what about all those modest families that would lose the
farm? Gates and Collins expose the fallacy of this argument,
pointing out that this is largely a myth and that the very same
lobbies and politicians who are crying''cows'' have opposed other
legislation that would actually have helped small farmers. Weaving
in personal narratives, history, and plenty of solid economic
sense, Gates and Collins make a sound and compelling case for tax
reform, not repeal.
關於作者：
William H Gates Sr. is the co-chair of the Bill and Melinda
Gates Foundation in Seattle. He serves as trustee for a number of
Northwest and national organizations, including the national
board of United Way.
Chuck Collins is the cofounder and program director of the
Boston-based United for a Fair Economy and Responsible Wealth
www.responsiblewealth.org. He is coauthor of several
books about economic inequality, including Economic Aparthied in
America: A Primer on Economic Inequality and Insecurity.
Paul Volcker is former chairman of the Board of Governors of the
Federal Reserve System.--From the Trade Paperback edition.
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