To younger readers, the Malibu name itself likely connotes wealth, and certainly Lowe’s mother came from a prominent Ohio family. The marriage didn’t last very long, Lowe’s mother tried another marriage that proved unsuccessful, and then, in search of health and the healing powers of the ocean, she moved Lowe and his brothers out to Malibu, CA. His father was (and is now) a lawyer with a degree from UVA (DePauw undergrad), and Lowe’s parents met during college.
Whether on purpose or not, Lowe’s well-regarded autobiography revealed useful economic insights.įor background, Lowe’s early years were spent in Dayton, Ohio.
Rumor has it that Lowe’s political views have evolved since then, their possible evolution will be discussed too, but first, Lowe’s autobiography from 2011 (he’s since released a second, titled Love Life) will be reviewed from an economic perspective. More modernly Lowe’s speech about tax cuts remains wanting in an emotional sense, and then in economic growth terms, it hasn’t aged well for reasons that will be explained in a bit. It seemed unjust to tax the rich at higher rates just because they had achieved, it didn’t seem to work very well (figure federal revenues soared despite the top tax rate falling from 70 to 28 percent under Ronald Reagan), and then I had many friends who, despite having parents that were “rich” by the standards of the tax code, were not living terribly well thanks to the many expenses that multiple children often bring to the table. I don’t need help from the government.”Īt the time his speech bothered me in a mostly emotional sense. Bush in 1988, Lowe gave a speech in which he decried tax cuts for the “rich.” As the very well-compensated Lowe put it then, and I again paraphrase, “I don’t need tax cuts.
The memory is hazy, but during Michael Dukakis’s losing presidential campaign against George H.W. Despite the fact that his interest in politics and his political campaign involvement extended back to his early childhood and George McGovern’s ill-fated 1972 run for the presidency, not to mention that he’d been accepted as a teen into both USC and UCLA (the latter was in particular very difficult to get into then, today USC is arguably the greater challenge), it was surely impossible for many to presume a deep mind beyond the movie-star looks.įrom my own, rather Republican (today I’m very much a libertarian) perspective, I was quite simply annoyed by Lowe’s message.
All of this rates mention in light of Lowe’s political activities during the late ‘80s.
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