I think we have a great opportunity here to explore the specifics of wealthy people who would be subject to the Buffet rule, and the jobs they create. I think we have a great example in our presumptive Republican nominee, Willard Mitt Romney.
According the Washington Post, in 2010, he earned 21.7 million and an estimated 20.9 million last year. For those two years, he donated over 7 million to charity of which 4.1 million went to his church and he paid 6.2 million in taxes. That is what it is, but the question I have is how does he create jobs.
We know that having a lot of excess funds allows him to employ car elevator installers and construction workers in La Jolla, which is good for my local economy. Quick estimate at $100/sq ft is about 1.2 million. We know he employs accountants and investment people. That has to cost a pretty penny with his money in the Islands and Swiss banks.
His net worth is estimated at above 200 million. Here we have maybe 1% of his net worth going into creating jobs. If his taxes doubled, I can pretty much assure you that the additional taxes who create more jobs than he does.
Kossaks, feel free to have some fun in the comments with this and explain what other jobs Governor Romney is creating with the vast wealth he is sitting on.