Millionaires Who Dream of Giving More to the IRS

On April 11, President Obama gave a speech in Washington urging Congress to pass the Buffett Rule. “We can settle for an economy where a shrinking number of people do very, very well and everybody else is struggling to get by,” he said, “or we can build an economy where … everybody is playing by the same set of rules.” To illustrate his point, he motioned to four smiling people behind him, all millionaires who say they welcome the proposed law, which would require high earners to pay a minimum federal income-tax rate of 30 percent. Republicans joked that Obama had managed to find the only four millionaires in the U.S. who want to pay more taxes.