Saturday, March 05, 2011

A New Movement I Would Like to See

I find it hard to listen to the news these days, because I get so upset at so much that seems to be unraveling.  I cannot believe some of the things that some of our political leaders are trying to do these days.

But I realize that the context is that people are getting desperate as governmental budget crises loom, at both the national level and for many of the states.  When there is a budget crisis, there are two possible responses:  cut expenses, or raise revenues.  Doing both would have a bigger effect than doing just one.  But for some reason, most politicians seem dead set against raising revenues, because that means raising taxes.

All of this happens at a time when the gap between the rich and the poor has been growing.  A blogger I follow has posted about this on his blog, and he included a graph that visually shows the growing gap.

This got me to thinking:  it may not really be that there's less money, as such.  It's just that over time it has become distributed in a way that fewer people have it.  And those few have a lot.

Wouldn't it be great if the super-rich started a movement advocating higher taxes for themselves?  If they started saying that, by virtue of controlling so much money, they have a greater responsibility to attend to the public good?

And, in truth, I wouldn't mind paying higher taxes, myself.  But my own income is such that that would not have a very big impact.

Here are some more illuminating graphs:  this graph shows federal tax rates historically.  And this one too is remarkable:  tax revenues recently have been declining!

And finally, what are our major expenses at the federal level?  Wars.


  1. Hello, Contemplative! Greetings from Russia.

    You and Warren Buffett think alike (at least some of the time!). You've probably seen stories like this:

  2. Oh, excellent! Maybe there is hope!

    Thanks, Johan!