There are a lot of things to question about the emerging hagiography of the late New York Yankees owner George Steinbrenner, but I think Matt Taibbi's obit raises a good point by using Steinbrenner's demise as an opportunity to question why Americans have such a soft spot in their hearts for egomaniacal aristocrats:
In no other country do people genuinely love their bosses the way Americans do. They'll go home after 12 hard hours of capricious superiors peeing in their faces, and the very first thing they'll do is call up some talk radio show and denounce the graduated income tax that gives them a break at their bosses' expense.
And once you've been trickled down upon by "wealth creators" for 12 hours, you probably wouldn't dare question the fact that because Steinbrenner had the good fortune to die in 2010, his heirs will pay no federal estate taxes on his estimated $1.1 billion estate, resulting in a potential tax savings of almost $500 million.
Tuesday, July 20, 2010
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