Luxury Spending By Rich to Rise, Taxes, Not So Much

Finally a good argument as to why the rich can’t pay their fair share of taxes. How the hell would they afford to buy all those “luxury” items the need to survive?

Spending by rich Americans on luxury goods is set to grow by $26.6 billion in 2011, with the number of affluent families planning to spend more almost doubling in the past three years, a poll found on Friday.

“It is a relief to finally be able to see a significant return of affluent consumers to the luxury marketplace,” Jim Taylor, vice-chairman of Harrison Group, said in a statement.

Yes Jim, it is a relief. I for one am looking forward to my first good night’s sleep in months.


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