If everyone paid a flat 10% tax, that would be equitable, would it not? Each person would pay the same proportion of their income - their "fair share" - right? So how is it that the graduated brackets we have now leave some with the impression that the rich aren't paying their "fair share"?
Rick I agree. Lets have a flat tax....a consumption tax...what ever you want to call it. Let's eliminate the IRS let's all agree that if you can buy a 1$ hot dog you can surely pay $1.10. if you can buy a 10 million dollar boat...you can probably pay the 10% tax on that boat.
Here is an analogy: Maybe a fallacious analogy but it's how my brain works.
Let's say for sake of conversation that we froze everyone's and I mean everyone's current accumulated paper wealth, Bank accounts, stock value, savings accounts, .....pocket change...and assigned each and every person in this world a dollar value. I'd be a negative dollar value but heck I don't matter much anyway....OK so lets say you end up with a net worth of $1,000 and someone else ends up with a net worth of 10 Billion...Ok well the guy worth 10 billion did well for him self and err the guy worth 1,000 has a ways to go....now lets give each and every person in this world a slice of bread for every dollar they are worth. They and they alone can eat this slice of bread. This slice of bread for every dollar you are worth will only be useful for that individual and all other sources of food on this planet will cease to exist....OK so if you are still reading this you know by now that I'm a bit off kilter but heck we need to know our weaknesses don't we...
Now if you have only 1,000 slices of bread to eat for the rest of your live...umm you better get used to eating a crumb a day...but if you have 10 billion slices of bread to eat well you can probably consume a thousand slices a day and live a full life...OK so what happens to the leftover bread when MR. 10 billion dies...remember it was genetically coded to only be edible by him....it will rot....
OK that's not a very eloquent example but the point is that we are all on this planet together as a human race if the goal is survival of the few at the expense of the masses then that's where we are headed.
At some point we all place more value on a piece of paper with some past presidents depiction on it then we do for a slice of bread...
I've done financially well at times in my life and also I've been homeless and living off of the kindness of friends and family. I've been evicted from my home simply for being eleven days late on my rent. At one point in my life I spent 5 months in a hospital. Eventually the student loan companies found out where I was and actually called me at the hospital while I was confined to my hospital bed and unemployed with not a single penny to my name (NO LIE) they were demanding to know when I was going to make payment. .... give me a break since when are a few dollars more important than a human life.
I like the food comparison because we can all relate to it...so Imagine a football stadium or several football stadiums filled with 10 billion or a million or what ever un-imaginable number you want to pick ...imagine looking at that and saying to your self "you expect me to eat all of that".... now imagine yourself looking down at a single slice of bread and saying to yourself this is all the food I have for the rest of my life.....
my comment about pulling your fair share may be mis-guided or un-informed or simply bone-headed...I really don't care I simply believe that we as a society have lost sight of our concern for basic human dignity. Pick any CEO of any now defunct company Enron, Viacom, Freddie Mac, Fannie Mae, Lehman Brothers, Etc. Etc. Etc. go back in time to the S&L crisis, Look at non defunct companies...look at oil companies...Dig a little deeper look at the top 10 paid executives in each of those companies. Look at how many slices of bread they have. did they really work 1 million times harder than their employees, 4 million times harder, 400 million times harder...
The divide between the haves and have-NOT's is growing I believe this is Fact..I could be wrong but I believe it is true.
BTW as soon as I was able to fend for myself and employed and paying my own way in this world I began to give to those who were less fortunate than myself.
Now that I have two children and can barely take care of putting money away for their future I'm less able to give to charity.
So for me it's not a question of keeping what you earned as much as it's a question of earning what you keep.
My diatribe is over now. You can all go back to eating your slice of bread.