Saturday, August 6, 2011

Patriotic Millionaires For Higher Taxes

A good sign:



More and more I am convinced that people know what needs to be done to turn this country around. I would love to pay taxes, if I were only earning an income.

I do not think it is excessive to ask millionaires to pay a 70% consumption tax on items like a $100,000 Ferrari and a $28,000 toy SUV, especially when the taxes can fund social programs like universal healthcare, aid to end poverty in Africa, and infrastructure and research investments.

Millionaires like these know that those programs are necessary to ensure growth. How can a company expect to make a profit when it does not have the roads, rails, and skies to ship their product? How can a company expect to have workers when there is no healthcare to support them? How can they hire good workers when the education systems consistently puts out graduates who cannot accomplish basic tasks?

On the other hand, the IRS takes donations. So here is my call to all the patriotic millionaires out there: Start by bettering your community. Make a note of the items you buy that are far beyond the reach of the average consumer, and send a check equaling a 70% tax on those items to either the IRS or to the local social program of your choice. Make a note of the items that aren't quite so far out of reach of the average consumer. Stop using loopholes and tax shelters to avoid all but the most persistent of taxes. Quit waiting for the politicians to get their act together (they won't), and be the leadership you wish to see in your country.

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