Comment Re:Progressive Fix 101 (Score 1) 622
I was talking about this with my wife just now and thought of another way to put this...
Warren Buffet has gone on record saying that he pays a lower marginal tax rate than his secretary and that is wrong. He as proposed that wealthy people pay no less than 20% of their income in taxes, regardless of deductions.
To which many people have said, "Mr. Buffet, you can write a check to the US Treasury any time you like, put your money where your mouth is".
If Mr. Buffet wrote a check for $10 billion dollars to the US Treasury tomorrow, would it matter? Would it change the US Budget deficit? Would it balance the budget? Would it make any noticeable difference to the current US Debt?
The answer of course, is no, it wouldn't do any of those things. In fact, lets put those numbers into terms you can understand.
The current US Debt is over $18 Trillion dollars. Lets cut that down to normal people numbers. Lets take someone who works at Walmart for $9/hr. If they work full time, 40 hours a week, they make about $19,000 a year. That is about $1 per billion dollars of debt.
Mr. Buffet's $10 Billion dollar check, works out to just $10 at the same scale. Does $10 to a Walmart worker help? Sure, everything helps. Does it make a substantial difference to their life? No, it really doesn't.
Since there aren't likely a lot of Walmart workers here, add a zero and scale it up to a nice lead developers pay, $190,000 a year... $10 Billion dollars turns into $100.
Does $100 one way or another make a difference that is noticeable to someone making $190K a year?
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Mr. Buffet's point is that he alone can't make any difference to the outcome, it has to be a collective effort. The same is true with resource consumption.