Though Cowards Flinch

Alan Dlugash, “a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy”, was recently awarded the “douchebag of the year” award on the Zero Hedge site for his saying:

“People who don’t have money don’t understand the stress … Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

Think you can tell a lot about him from this quote, describing somebody who brings home $350,000 a year? His Facebook page has this as a favourite quote:

There are more important things in life than money…..but they won’t go out with you if you’re broke!

His relationship status? Single.

What he opines on the net worth individuals he plans financially for:

Those who are prosperous should be given the same liberty to manage their success as any other citizen, not additional tax penalties. How can we honestly and morally take extra money from those taxpayers who have been able to create wealth and employment successfully and give it to the government and politicians who manage to continuously and egregiously squander income?

The moral case for not taxing the rich more than the poor? Good on timing too then.

Sorry, what was that Warren Buffett? This high net worth individual actually told Congress to ”stop coddling the super-rich” arguing for “a tax rise for those earning more than $1m (£600,000), and a higher rate for those on over $10m.”

“Our leaders have asked for ‘shared sacrifice’ … But when they did the asking, they spared me.”

Buffett said “ last year he paid an effective tax rate of 17.4%, less than the 33% to 41% paid by the employees in his office.”

Seems pretty good to me. But then, I suppose, I just don’t understand.