A modest proposal for spreading wealth

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In the spirit of Jonathan Swift's satirical essay A Modest Proposal:

If we adopt my proposed system to remake America, our economic woes will disappear forever. I recommend we establish at a federal level how much each and every U.S. resident deserves in life. For convenience, make it a dollar amount. How much each resident deserves can be based on census, IRS, and Social Security data, and would include assets, cost of living, disabilities, gender, racial background, past hardships, and other factors established by law.

Once each person's share is determined, we add up all the shares, then obtain, through taxation and eminent domain, all excess assets from those who have exceeded their share. Subtracting that from the total needed by those who have been historically deprived, we then equalize the base worth of all residents, and distribute the remainder through an annuity, managed by an agency of the federal government (perhaps within the new Department for the Promotion of the General Welfare). ...

To make this plan inflation-proof, all we need to do is have another agency of the federal government establish and maintain fair costs for goods and services, revenue from such costs being automatically deposited into the annuity fund.

No longer would employers have to pay wages; the government would do that for us. No longer would people have to work; their pay would be guaranteed. No longer would anyone have to pay taxes; all income and transactions would be managed by our representatives.

The supply of money would be maintained by the U.S. Treasury and augmented by assets liberated initially from the rich.

This system would be fair, and the government apparatus is already in place to implement the plan. It would just need to be expanded. Problems of inequity due to group-based disparate outcome and population control could be addressed legislatively and in the courts as they arise.

Some may regard this as a so-called "illegal Ponzi scheme." They are haters who certainly know that a Ponzi scheme is something that is run by greedy rich people. Every fair-minded person knows that Social Security and Medicare are not illegal, since they are operated publicly by the government of the people, and are fair.

Barry B. Dickson, Augusta

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jsherrill
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jsherrill 06/15/09 - 12:13 am
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We all know we can completely

We all know we can completely trust the government to do what is right by its citizens.

patriciathomas
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patriciathomas 06/15/09 - 12:25 am
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Barry Dickson, have you read

Barry Dickson, have you read "Marching Morons" by C.M. Kornbluth? The story agrees with your wonderful idea. So does Obama, with the addendum that he wants to be the King Messiah.

Riverman1
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Riverman1 06/15/09 - 02:19 am
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Yup, that's where we are

Yup, that's where we are heading.

Tigger_The_Tiger
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Tigger_The_Tiger 06/15/09 - 03:45 am
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PT.....I believe you missed

PT.....I believe you missed Barry's Sarcasm.

patriciathomas
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patriciathomas 06/15/09 - 05:11 am
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TTT, I believe you may have

TTT, I believe you may have missed mine. Check out Marching Morons.

bentman
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bentman 06/15/09 - 06:56 am
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I think you're a little late,

I think you're a little late, Barry. Obama and his minions in Washington beat you to that idea.

jack234
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jack234 06/15/09 - 06:59 am
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We are all very proud of all

We are all very proud of all of Mr. President Obama's efforts to clean up the economic mess left by the Bush Whitehouse. What a mess!!! HELLO! HELLO!

dhd1108
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dhd1108 06/15/09 - 07:05 am
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methinks jack234 is one of

methinks jack234 is one of them thurr brownshirts.

constitutionnow
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constitutionnow 06/15/09 - 07:15 am
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Hey Jack, pick any communist

Hey Jack, pick any communist country and go there, I'm sure it will be more in line with your thought processes.

Carleton Duvall
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Carleton Duvall 06/15/09 - 07:30 am
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A man who ends every

A man who ends every statement with HELLO HELLO is not hitting on all eight cylinders.

carcraft
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carcraft 06/15/09 - 08:13 am
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Jack234 go to Zimbabwe and

Jack234 go to Zimbabwe and hang out with Mugabe, that is the "paradise America is becoming under Obama!! JELLO JELLO

southernguy08
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southernguy08 06/15/09 - 08:47 am
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We are all very proud of the
Unpublished

We are all very proud of the idiocy that JACK234 posts everyday. MELLO! MELLO! The best wealth spreader is the FREE ENTERPRISE SYSTEM! It has proven it works, as long as "guvmint" stays the Hell out of it! But when you've got a president that is hellbent on "spreading the wealth," government style, it suffers. We can't treat all Americans the same economically, because we aren't the same. Everyone has a different abililty to succeed. The free enterprise system doesn't guarantee success, only the freedom to try. Take that away, and put "guvmint" policies in place of it, and you've taken away the freedom to try, and any incentive. Nice going, King Obama, and nice going to the goose stepping idiots known as Congress! Comrades Castro and Putin are proud of you!

mad_max
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mad_max 06/15/09 - 09:46 am
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It's no use southernguy. You

It's no use southernguy. You can't preach economics to the liberals because you can't find one that can add and subtract. You ever met a liberal that could pass a math test? They cannot understand the principles of "income" vs. "outgo". They also want the government to pay for everyone to be in the "middle class" which means they want to lower the "upper middle class" down to what they determine the "middle class" should be. Note that most of the Democrats in Washington who are shoving these taxes down our throats are all "upper class". But they don't have the common sense to understand that when there is an "upper class" like them, and a "middle class" then there by necessity will always be a "lower class". Always has, always will be. There will always be rich and there will always be poor. But now the government wants to dictate which class YOU will be instead of letting freedom and free enterprise decide. So quit busting you hump at work. They are just going to take it from you and give it to somebody else. Put your money in tax free bonds and starve them of their welfare money. As Obama prints more money, what you earn will not be worth anything anyway.

southernguy08
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southernguy08 06/15/09 - 10:19 am
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No MADMAX, what they want is
Unpublished

No MADMAX, what they want is mutual poverty...otherwise known as Communism! "The more you make, the more they'll take!"

commonsense09
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commonsense09 06/15/09 - 02:19 pm
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Throughout the 1950s, the

Throughout the 1950s, the Eisenhower years, the top marginal tax rate on income over $400,000 hovered at 91 percent. In the 1960s and 1970s, that top rate never dropped below 70 percent on income over $200,000.

In 1981, Ronald Reagan's first year in office, the top federal marginal rate on America's highest incomes dropped to 50 percent, then fell again five years later to 28 percent. The top rate has bounced around, within a narrow window, ever since and now stands at 35 percent, just half the top rate in place during the Johnson, Nixon, Ford, and Carter administrations.

These top rates, to be sure, don't reflect what high-earners actually pay in taxes, once they exploit all the loopholes they can find. In 2005, the most recent year with IRS data available, the highest earning 0.01 percent of tax filers, all 13,983 returns in 1955 averaged, in 2005 dollars, only $1.8 million in income. Nearly half of that, 47.4 percent, went to federal income tax.

commonsense09
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commonsense09 06/15/09 - 02:20 pm
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Oops,part of that last

Oops,part of that last message got compressed/messed up somehow and the 2005 info got left out.
Here's the correction:
In 2005, the most recent year with IRS data available, the highest earning 0.01 percent of tax filers, all 13,776 of them, reported an average $27.3 million in income. They paid just 20.9 percent of that in federal income tax.

Fifty years earlier, the nation's most affluent made much less in income and paid a far higher tax rate. We have available, for 1955, published IRS data for the 13,983 highest-income returns, a group that almost exactly matches the total of 13,776 returns that made up the top 0.01 percent in 2005. These top 13,983 returns in 1955 averaged, in 2005 dollars, only $1.8 million in income. Nearly half of that, 47.4 percent, went to federal income tax.

KSL
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KSL 06/15/09 - 03:17 pm
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I don't see where that

I don't see where that includes FICA and Medicare. In 1955 the maximum FICA tax was 2% on the first $3000 earned. Today it's 15.3%, 12.4% on $106,800 and 1.45% on every dollar earned.

justthefacts
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justthefacts 06/15/09 - 03:41 pm
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commonsense, thanks for the

commonsense, thanks for the info. Man, what kind of country taxes its citizens like that. Hopefully, we never return to those dark days. Although the way ole Obama is spending........

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