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Anecdotally I would think "old money" would be more against taxation than new money folks. If you were born into money, and never lived poorly I would assume t
by josefresco 13y ago
Anecdotally I would think "old money" would be more against taxation than new money folks. If you were born into money, and never lived poorly I would assume that you'd have a hard time empathizing with the plight of the less fortunate. Also, holding onto your mountain of cash that someone handed to you is different than someone with an earned high income. It would seem to me that old money people would be more active in reducing taxes on investments (which they've arguably succeeded in doing) and new money folks would be more concerned with income taxing.