I'm a millionaire who creates zero jobs. Why do I pay less tax than you?
In 2013, just a few years after the 2008 financial crisis, I was part of BlackRock’s Financial Markets Advisory Group working for the Greek Central Bank, assessing the capital requirements of the bailouts of the Greek banks. I was on the top floor of a bank building in Athens with about 20 bank executives taking a lunch break, when I glanced out the window and saw a huge crowd of people on the street. For a moment I thought it was a parade, and then I realized it was something between a protest and a riot. As I looked out the window to the heated crowd below, and looked behind me to the well–fed bankers at the table, I wondered if I was actually helping anyone beyond the people having lunch with me. A few months later, I left a 30-year career on Wall Street to work full time as chair of the board of the Patriotic Millionaires. I haven’t looked back since. There’s a Greek proverb that goes: “A society grows great when old men plant trees whose shade they know they will never sit in.”
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