Oh now, Pedro Picasso is just being stupid, and he knows it.
When it comes to taxes on the wealthy, some time back in 2005, 2006, Pedro Picasso was whining about the "low threshhold" for the AMT, the alternative minimum tax, and in doing so, unwittingly revealed his own personal financial status.
One of the things that's wrong with this country is that we've got too many rich liberals not paying their fair share of taxes.