Okay I am thinking I am crazy in that I am not one of these optimistic folks out there. I am probably more of a preoccupied one actually. Anyway more on that later.
Here is what I do not understand. There is this income gap. A lot of us - say ninety nine percent are sucking hind tit. Yet a huge number these hind tit suckers obviously think that they will soon or one day be among those in the elite group and not be sucking away. Well, folks, the gap is not a geometric asymptotic sort of thing where you keep getting closer but never get there. It is true you will never get there, but it is also true odds are you will asymptotically go the other direction and just keep getting further away. I conclude this because so many of you continue to support not taxing the rich - so you gotta be thinking that you are gonna be there themselves sometime soon. (I would love to be smoking or doing whatever it is you are who believe this by the way).
The gap is huge and getting bigger and I would love to be so optimistic about the gap narrowing. But I am willing to go on record right now and say though - it ain't gonna happen. I am a pessimist, yep. We'll all be singing Brother, can you spare a dime? or maybe more accurately can you spare a few trillion dimes. Or perhaps you prefer the analogy that the future ain't so bright so you won't need your cheap sunglasses.
Amen!
ReplyDeleteIn 2008 the top 1% of income earners paid 38% of all federal taxes. The bottom 50% paid 3% of all federal taxes. That comes from the IRS. What percentages would you be okay with?
ReplyDeleteI appreciate the numerical insight. Living among the bottom dwellers is always tough and down here numbers are just nickels and dimes.
ReplyDeleteFairness is an even more ambiguous concept. What I am okay with is what is fair. But that in addition to being ambiguous is also relative. I do know that at this point I have no delusions of ever being among those who optimistically believe I will rise up in class. I also am thinking that based on the fact that if us in the bottom 50% are only paying 3% of taxes there is an ever increasing gap between rich and poor. Is this good? This is perhaps the number I am least okay with.