Opinion: An iron law of politics—never trust a former Goldman Sachs executive who decides to run for elected office
An iron law of politics is never to trust a former Goldman Sachs executive who decides to run for elected office. Having made tens of millions of dollars at the financial giant, the former executive will typically have no qualms about raising taxes on others trying to become rich.
The latest illustration is taking place in New Jersey, where Gov. Phil Murphy, a Goldman alum, wants to lower the threshold for paying the state’s top tax rate of 10.75%. He already won the rate increase on incomes above $5 million in his first...
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