It depends on how much you make.

Bloomberg just published the top income estimates for 2013.  It is 1928 all over again….

“the top 300 seeing their collective net worth rise by US$ 524 billion to US $3.7 trillion as 2013 ended,”

Were we to raise taxes on just that increased amount by only 1%…. we’d could cut our deficit by $5 billion dollars.  Five billion dollars on the other hand, would pay for 16.7 million weeks of $300 Federal unemployment payments.   1,260,400 are currently waiting on Congress to pass an extension.

Twelve weeks of all their benefits could be covered by a 1% increase of taxes just on 300 people…. How badly will this hurt them?  Well, it would be as if you were selling lemonade on the corner for $1 a glass, and some kid only had 99 cents.  Sure, you’ll sell it… Point is that $5 billion dollars equals only one penny to these guys…

So why not take 2 pennies?  Really?  No one pays $1 anymore.  Everyone pays 99 cents and discount stores start at 98 cents…

Two pennies would fund unemployment for 24 weeks… Will you take 97 cents for a glass of lemonade?  Gee, 36 weeks, Done.  Covered…  How about 96 cents for an ice cool cup of sweetened Lemonade?  Let see, it’s cost is only 16 cents per cup, so.. why not?   Done!  48 out of a year’s 52 weeks, covered.  Accomplished!  Just like that…

And with no bump to deficit either… 

===

You are smart enough to figure what to do next.

 

About these ads