Foster Friess: wealthy should “self-tax” through philanthropy
Wyoming multimillionaire Foster Friess, whose super PAC strongly supported Rick Santorum’s candidacy, argues the best kind of taxation would be none at all. Government should step back and let the wealthy “self-tax” and so choose where to spend their money rather than letting the government do so, he says.
Citing philanthropic efforts by Bill Gates and others, Friess praises them not only as the creators of jobs and great products, but also as people who embrace the idea of helping their fellow man.
In this video interview with Chrystia Freeland of Reuters, he urges the country to “honor and uplift the one percent.”