Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Buoyed

October 12, 2012

It should matter only slightly if at all who “debates better.” But since debate style does seem to matter, whoop-de-doo: we are one step closer to the right outcome November 6.  Joe Biden dominated last night.

What should matter are policies.

And character, talent, judgment, temperament, and experience.  Certainly President Obama has more experience to be President — he’s been doing it for four years.  And to my mind, he has his opponent tied or beat on each of the other criteria.  But it’s on policies where the real differences lie.

There you know my view is that the that the Romney/Ryan austerity budget would out-Hoover Hoover and trigger a global depression . . . that their Supreme Court choices would cement Citizens United and tighten the plutocratic vise on what should be a government of, by, and for all the people . . . and that,  by contrast, the Obama/Biden team will continue to invest in the future and keep us moving forward.

FOR RICHER OR FOR POORER

From the Economist:  Under Republicans, the rich get richer and the poor get poorer.  Under Democrats, everyone gets richer.  It’s an important difference.

I HAVE A QUESTION

David Brooks says of Mitt Romney in a recent column, “Far from being an individualistic, social Darwinist, Romney spoke comfortably about compassion and shared destinies: ‘We’re a nation that believes that we’re all children of the same God, and we care for those that have difficulties, those that are elderly and have problems and challenges, those that are disabled.'”

So here is my question.  If you made $20 million a year and saw all the problems and suffering in the world and were deeply committed to making things better, how much of the $20 million would you spend on yourself and to augment your already enormous fortune, how much would you attempt to shelter from taxes, how much would you pay in taxes, and how much would you give to worthy causes?

If it were me — and I’m not running for President, I’m just saying — I would spend maybe $1 million of it on myself (you can live really nicely on $1 million even with five kids and a horse) . . . toss at most another $4 million onto my vast fortune (knowing that, separately, my $100 million IRA would also be growing by $5 million or $10 million) . . . and split the remaining $15 million between the taxes due and causes I support.

Mitt has made starkly different choices — and he is entirely entitled to them.  They do not persuade me that he is passionate about confronting the world’s most pressing problems.

 

Post navigation

← Rush
Prelude To Four Billionaires →

Quote of the Day

"LONG PULL: There may be nothing exciting about buying for the long pull, but it works."

David L. Babson

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Moses And Jesus

    January 28, 2026
  • The Speech Every Democratic Candidate Needs To Watch

    January 26, 2026
  • Lies And Lawlessness

    January 26, 2026
  • Telling It Like It Is -- On ICE And Taxes

    January 25, 2026
  • 1929 / 1789 / 1984 / 2028

    January 24, 2026
  • Never In The History Of Ever

    January 22, 2026
  • The Scale And Velocity Of Trump's Accomplishments

    January 22, 2026
  • Alone In The World

    January 21, 2026
  • Let's Hear It For Independents!

    January 20, 2026
  • Straight Out Of Two Corinthians

    January 18, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams