Wednesday, June 8, 2011

Hey, don't let us stop you all

Back in November, as the Bush tax cuts debate raged, we reported out on a group of 45 millionaires that signed a petition urging Congress and the President to raise taxes on those making above $1 mil a year.

Well, the Bush tax cuts stayed in place but these civic-minded millionaires will not give up the dream of paying higher taxes as they have banded together and made a video pleading.... begging to be taxed more. Check it out.

But what a fantastic waste of time, right? Why should these well-intended folks wait for a change in the tax code? If they're so worried about not enough scratch coming into the federal government coffers, they can give voluntarily at the Treasury Department's website here.

Welcome to the United States Treasury's site for making donations to help reduce the public debt. If you would like to make a donation, please fill in the required fields and click the Submit Data button when completed.

The fact that this video was made means they are all somewhat linked-in anyway so we don't see why they don't band together and make one large donation. Seriously, what are they waiting for?

Well, for one thing, this isn't about being "patriotic", this is about being "smug" and "self-satisfied".

And giving money to the government isn't even that hot of an idea. If these millionaires were, for instance, truly concerned about the welfare of the unemployed, then they would be better served by giving to private charities.

And if these millionaires, many of whom appear to entrepeneurs, were truly concerned about deficits, they would use all that money they are apparently swimming in and invest it in start-ups that would have the double-whammy of creating jobs and reducing the deficit from the tax revenue generated from their new business entities. Then again, who would want to invest their money in a start-up in this business climate?

As it is then, this is just a giant exercise in circular group self-gratification. Because they care... they really do and they want you to know how much they do.

1 comment:

B-Daddy said...

They are just hypocrites. Not content with their own self loathing, they wish to punish everyone else who had the temerity to achieve success, but doesn't share their world view that success is the result of luck. Sometime it is, but who is to say when? These guys suffer from a mental disorder.