To the editor:
Political “wisdom” proclaims that wealth generates jobs.
But columnist Paul Krugman writes that “quite a few of today’s wealthy got that way by destroying jobs.”
Now comes Albert Pujols with a $25 million per year for 10 years deal. He shouldn’t be taxed more, should he? He earned it. And just think what that money will do. The Angels will need more beer and peanut vendors. Concessions will be busier selling snacks and souvenirs. The whole (California) economy grows because of his wealthy contract.
Tax the wealthy?