“I once was describing the Ferrari Enzo to my cousin. When I told her it was $600K, she said, ‘they could be feeding people with that money’. I replied, ‘They are, they’re called Ferrari employees’.” — Comment on a Review of the 2010 Bugatti Veyron 16.4, seen here
Reminds me of the luxury tax on yachts that crushed the boat-building industry in the northeast some years ago. Then there’s the higher property tax rate on non-owner-occupied housing, to make those greedy landlords pay their fair share – guess who pays that?
UPDATE: To be clear, the problem occurs when the state tries to force people to be generous. It’s fine to urge rich people to think of the poor and be generous (as many quietly are). It’s appropriate for someone whose business it is to tell a man he’s not living like he should, if it comes to that. It’s problematic for A forcibly to take B’s stuff and give it to C. That has nothing to do with the rich man’s obligation to Lazarus.