Ken Griffin: it’s not the money that motivates him, but ‘in principal’… ‘if the tax became too high’… ‘I would not be working this hard’

Citadel’s Ken Griffin (est. net worth $1.5B+), tells NYT of his fortune:

The money is a byproduct of a passionate endeavor,” [and] argued that those who focus on the money…” soon discover that wealth is not a particularly satisfying outcome.”

[However], “The income distribution has to stand,” Mr. Griffin said, adding that by trying to alter it with a more progressive income tax, “you end up in problematic circumstances…I am proud to be an American. But if the tax became too high, as a matter of principle I would not be working this hard.”

Doesn’t the last statement refute Griffin’s declaration that passion (implied to be the non-fiscal variety), and not incremental wealth (that which would be stripped away under a higher tax bracket and, ‘in principal,’ cause him to ‘not work as hard’), is what motivates him to work obsessively…


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: