Category Archives: Wealthy

The Bank Staff Meeting

I’d like to welcome everybody to the weekly staff meeting.  Please turn off all pagers and cell phones. 

What’s that Bob? I don’t care if you’re waiting for a call on a major investment!  You need to get your customers under control.  This bank doesn’t exist to keep customers happy!

Okay, the first order of business.  For years we’ve chained down the ball point pens.  However, people can take as many copies of the deposit slips as they want.  Corporate has directed us to have only one deposit slip out in the lobby area.  When that one is used, we’ll replace it.  If a customer uses more than one, we’ll charge them 10 cents per deposit slip.  What’s that Carol?  What if they have two accounts?  No matter, they still have to pay for the slip.

By the way, let’s all give Carol a big hand.  She figured out that although pay toilets are illegal in this state, pay bathrooms are not.  It now costs one dollar to get into the bathroom.  Since there is no charge to use the actual stalls once you’re inside, it’s completely legal.  Great job, Carol.

Now as you’ve heard, since we can’t charge people for using their debit cards after all, so we’re going to have to lay off thirty thousand employees nationwide.  This is necessary in order to continue the bonuses for our top executives.  Oh, and we’re raising your health insurance deductible and co-pay effective immediately.

Speaking of executives, you’ll be reading in the paper tomorrow that our CEO embezzled twenty-seven million dollars and is now on a Caribbean Island that has no extradition treaty with the United States.  The bad news is that according to his contract, he’s entitled to cash in his stock options for an additional seventeen million.  The good news is that his secretary, who we fired just for the hell of it, is not entitled to unemployment compensation.

We are in the process of hiring a replacement for the CEO.  An offer has been extended to the former CEO of MegaBank.  Since they have declared bankruptcy, he’s now available.  Oh, and he’s also the nephew of a member of our board of directors, so I’m sure he’ll do fine.  I’ve been told that we’ve reached an agreement on his salary, stock options, bonuses and severance package.  Once he and the devil complete negotiations concerning his soul he’ll be able to get started.

Remember, people, most paper clips can be bent back into shape rather than discarded and if you bend a post it note over you can use the other side.

All right everybody, back to work.  Time is money!

A Conicidence of Biblical Proportions?

With the “Occupy Wall Street” movement and the “Tea Party” in the news this past week, a curious coincidence occurred this morning at Mass. 

The Catholic Church uses a three year cycle of scriptural readings, so at best this was a one-in-three shot, although it’s probably more accurate to call it a one-in-one hundred fifty-six; (three cycles of 52 Sundays.)  Rather than paraphrasing, I’ve copied the reading below.

Gospel, Mt 22:15-21

15 Then the Pharisees went away to work out between them how to trap him in what he said.

16 And they sent their disciples to him, together with some Herodians, to say, ‘Master, we know that you are an honest man and teach the way of God in all honesty, and that you are not afraid of anyone, because human rank means nothing to you.

17 Give us your opinion, then. Is it permissible to pay taxes to Caesar or not?’

18 But Jesus was aware of their malice and replied, ‘You hypocrites! Why are you putting me to the test?

19 Show me the money you pay the tax with.’ They handed him a denarius,

20 and he said, ‘Whose portrait is this? Whose title?’

21 They replied, ‘Caesar’s.’ Then he said to them, ‘Very well, pay Caesar what belongs to Caesar — and God what belongs to God.’

 http://www.catholic.org/bible/daily_reading/

The most obvious lesson from this is that the Pharisees sent their loyalists and representatives of the Jewish king, Herod to ask Jesus a no-win question.  If he said the Roman tax should be paid then he would be deemed to be apostate to their faith; if he said it should not be paid, then he could be turned over to the Romans for promoting insurrection.  Jesus answer negated both of these outcomes.

Father Brian’s homily pointed out that the more important message is that we are both citizens of heaven and citizens of the earth.  Our stewardship responsibilities include such matters as politics, from knowing the issues to voting consistent with our values.  We’re responsible to both worlds.

This got me thinking about the current political activities.  The Occupiers of Wall Street don’t have the answer – but then neither does Congress, the President, Economists, Social Scientists, Wall Street or anyone else.  However, when something is wrong, the first thing to do is to admit that there’s a problem. 

I don’t know how things are going to happen in the world of politics over the next 56 weeks (more or less) but it was interesting to have this gospel today.

On the other hand, maybe it wasn’t a coincidence after all.  Could be just one more sign that God is involved in our daily lives.  Now the question is, “How do we respond?”

Community Service

When my older son was in high school in Louisiana, one of the prerequisites for graduation was to make some contribution to society in the form of community service.  As a ham radio operator he worked with me to provide communications for the American Red Cross in emergencies and for public service events.  At the time I thought that it was a great idea to get young adults acclimated to the idea that they owed something to their neighbors and the community.  That life wasn’t just about them.

Now, when you hear of “community service” we tend to think of some celebrity being forced to give a free concert or such; this is so celebrities don’t have to go to jail when they do something the rest of us get punished for.  That’s a shame.

Don’t get me wrong, there are many celebrities who perform service out of a sense of purpose or obligation.  The USO benefits from Charlie Daniels or Gary Sinise’s “Lieutenant Dan’s Band.”  Sheryl Crowe just donated a classic 1959 Mercedes Roadster to be auctioned off for the benefit of Joplin, Missouri schools to help them recover from the devastating tornado that destroyed the town.  That is what community service should be.

I firmly believe each of us owes something to those around us.  I also believe that most of us plain, ordinary people tend to feel this way.  You see the volunteers at church, volunteer coaches at kids’ sporting events and lined up at the blood drive.  (Okay, you do get cookies after giving blood, but they aren’t THAT good.)  You see people helping out at bicycle races or fun runs.  You see volunteer firefighters, Coast Guard Auxiliary and volunteer Paramedics.  That’s community service.

Maybe we need a new label for either what the good guys (you know, us “little people”) do or else a new one for what is doled out in lieu of punishment for those with high priced attorneys.  Personally, I believe that the good guys have seniority on this issue, so they should get to keep the name, “community service.” 

Therefore we will need to rename what Lindsay Lohan and company are sentenced to.  Maybe we should call it “slumming with the little people in lieu of jail.”  It’s an honest, if not particularly attractive description. 

I heard a story in which a celebrity was discussing his contract with his agent.  The celebrity believed that if he earned money from an activity not negotiated by the agent, he would not have to pay the agent his commisssion.  The agent set him straight by telling him, “If you get a blood transfusion, I get my percentage of that.”

Maybe it would be good if the celebrities’ agents would be required to perform their percentage of “slumming with the little people in lieu of jail” alongside their clients.  Could prove to be a great incentive to help their clients stay out of trouble.

Politics As Usual

The Sunday Virginian-Pilot has expanded political coverage.  I try to keep an open mind about political issues, although my leanings have generally been conservative.  By conservative, I mean that I believe such things as government isn’t the answer to everything; usually business can do a more effective job, but if business cannot, then it becomes the government’s job.  The US Interstate system is one such example.  I believe that America owes everyone a chance to succeed, success is the individual’s responsibility.  I also believe that for every right there is a commensurate responsibility.  I also believe that “We the People” (that’s a catchy phrase) have and continue to come together to create, sustain and empower this nation rather than the other way around.

As I read the paper this morning before church, I was struck by two thoughts:

  1.  When we elect people to represent us, there is the expectation that they will be smart enough and pragmatic enough to figure out how to make things work.   Rhetoric has its place, but it is results that count.  In the sixties we said, “If you’re not part of the solution, you’re part of the problem.”  It seems like the congressional politicians who are getting the most press are not part of the solution.
  2. I don’t particularly like taxes.  Neither do I like to undergo any medical procedure that involves either fiber optics or electrocoagulation, however some such procedures are necessary.  The same is true of taxes.  If over the past few years the wealthy had been creating jobs, I think most of us would enthusiastically support continuing their tax breaks so that they could create even more jobs.  However, the unemployment statistics show a very different story, and it would appear that much of the wealth that exists has not been put to work.  We are all stewards; when we are granted a gift, we are expected to do something of value with it.

In the New Testament, there is a parable of a master who gives three servants “talents” to oversee.  Two invest and manage to return double the value to the delight of the master who rewards them.  The third buries his out of fear and is punished for being lazy.  Seems like there are a lot of buried talents these days.

There are many who can impact the economy in a positive way, but have chosen not to.  Large corporations claim it is not them, but small businesses that create jobs.  Others claim that they are afraid to create jobs, because they don’t know what regulations the government will create.

America has always honored and benefited from those who achieved things.  Thomas Edison created new industries with jobs for workers making electrical lights and appliances as well as the motion picture and recording industries.  Henry Ford created jobs with the automotive assembly line.  Charles Lindbergh helped create the airline industry. These men were far from perfect but they tried and persevered and we benefitted from what they achieved.

Wonder if there are any Americans today who will get us back on track.

Congressional Priorities

There’s an interesting comment by Roland S. Martin on CNN  in which he compares the aggressive attitude toward investigating athletes for possible steroid use to the virtual avoidance of investigating those who created the economic crisis we are currently (and STILL) experiencing.  Click on the link above to read the short article. 

Apparently, the athletes are being prosecuted for lying to Congress.  Isn’t that what politicians do to each other (and us) every day?  What is going on?  Is it the result of politicians’ desire to be in the limelight at any cost?  Is it a sports fetish of some type?  Or, is Congress trying to distract us so we don’t realize that they’re all on the take? Excuse me, I guess I should say that they are benefitting from the current laxity in the campaign contribution system (also known as on the take.)

The following is a letter that you may wish to send to your congressperson.  You may not even find it necessary to personalize the salutation.

Dear Congressman Pinhead:

Please have the federal justice system investigate the thieves and scoundrels who bankrupted our economy, and required that we taxpayers bail them out.  These ingrates are reaping outrageous profits and obscene bonuses while we taxpayers are losing our homes, unable to find decent jobs, or working twice as hard for the same pay.  I know the budget is tight, so to offset the cost of this, you can stop the investigation of various athletes.  While it’s unfortunate that they took performance enhancing drugs and lied to you, prosecuting them won’t do a damn thing to correct the current economic disaster most of us whom you allegedly represent are suffering.

By the way, in case you don’t know, professional athletes get paid for playing a game.  It’s a game you probably played at recess or after school when you were a kid.  Yes they get paid for it but it’s still a game.

On the other hand, ever since the American taxpayer bailed out the various financial wizards, they’ve been sitting up nights thinking up great new ways to fleece every one of us.  Maybe we can’t undo the damage they’ve already done, but doesn’t it make sense to minimize future damage.

I am waiting with irrational exuberance for your support in this matter.

 

Redistributing Wealth

I hear a lot of pundits bemoaning attempts at redistribution of wealth as being the critical step down a slippery slide to socialism and the end of America as we know it.

I can’t help but think that we’ve already successfully redistributed wealth; taking it from the middle class and giving it to the wealthy.

An Open Letter from the CEO of MegaGlut Oil, Inc.

I am personally and professionally chagrinned that first quarter financial results show profits of eleventy-gazillion dollars before taxes.  Actually, that’s after taxes; in fact as luck would have it, it’s the same both before and after taxes.  In any case, I can’t tell you how embarrassing this is when so many people are having to adjust their standard of living to deal with the high cost of fuel.  I promise you that we at MegaGlut are as affected as you are.  My limo driver no longer warms up my car before I get in, and those leather seats are rather crisp in the winter months.  Silk suits are not very insulating.  Further, my private jet often has to endure turbulence when traveling at more fuel efficient altitudes.  On my way to this corporate meeting we hit some bad weather and I spilled most of my vodka martini – and I’m talking real premium vodka, not the stuff that you can buy in the neighborhood liquor store.

It is especially difficult this year following so close behind the tragic oil spill in the Gulf of Mexico.  Megaglut is reaching out to those who have been affected by the spill with compassion and good will.  For example, a Mr. Jean Thibodaux of Grand Isle, Louisiana was the fifth generation in his family who made their living trawling for shrimp.  He and his fellow shrimpers were devastated by the spill.   They may be affected for years to come and his family may no longer remain in the shrimp business.  Megaglut has sent him several checks for hundreds of dollars!  We also have sent him $25 worth of coupons to save on Megaglut marine fuel and a ten pound bag of frozen shrimp.  Megaglut cares for people!

Megaglut shares your pain and financial loss, Mr. Thibodaux.  When the United States halted drilling in the Gulf of Mexico we had to start drilling off the coast of Brazil instead.  This involved moving equipment and vessels and hiring hundreds of South American workers to replace the oil workers from Louisiana.  The only bright spot is that these workers are much cheaper than American workers.  Oh, and the girls down there wear these really teeny-tiny bathing suits. Well, that and the eleventy-gazillion dollars, of course.

I hope everyone knows that Megaglut is a good citizen.  We take our responsibilities seriously.  Although Megaglut can’t vote – yet – we do participate in the democratic process by investing millions of dollars in campaign contributions.  Why? Because we care.

It is Megaglut’s goal to be a good neighbor and a good citizen just like you…

only better.

Copyright 2011 SF Nowak – All Rights Reserved

Noblesse Oblige – Updated

Today we’ve been invited to take a virtual tour of one of the most unusual, and I might add successful companies doing business in America today.  These people identified a niche market, established themselves as the premier provider of services in that market, and have become the stuff of legends.  I am sworn to secrecy as to the exact location of the company’s headquarters including the city and state.  However, I can tell you it is at the edge of the business district in a large and attractive office building.  There are three customer entrances – one through the beautiful glassed in lobby with valet parking.  There is a second entrance from a small underground parking garage, and a third opening into a fairly standard looking alley in the back of the building.

We’re entering through the front, I’ve already been cleared by the security guard so we can go directly down the hall.  The entrance is not well marked in order to discourage the curious, being marked only with R^3.  I’ll just knock.

“Good morning, are you ready to take your tour?”

“Ready and excited.  Our tour guide today is ‘Jean’ – not her real name, of course in keeping with company policy.  Now, Jean, what information can you share with my readers?”

“Well, R^3, which is the computer notation for R Cubed got its name from a sports cheer, that begins ‘Rickem, Rackem, Ruckem.’  Our first major source of clients were professional athletes, although we soon branched out into college athletes, musicians, actors and other celebrities.”

“What kind of services do you provide?”

“There’s really no way to adequately describe them except to say that they are very special.  It started with all of those perquisites that people in the public eye have come to expect.  Professional discounts, no cost upgrades at hotels and such, and we just expanded from there.

“For amateur athletes, such as those in college, we arrange for automatic front-of-the-line privileges.  Anyone can arrange that on a case by case basis, but making it universal is our specialty.  We provide them with textbooks with testable material already highlighted and of course academic counseling to plan a course load that will not negatively impact on the athletes’ training or social schedules.

“We no longer just provide these services to the ultra-elite, although that is our main focus.  You probably noticed our back entrance off the alley.  That’s where we sell special permits.  The most popular ones are to permit the holder to scoot along the shoulder, or else the lane that is clearly marked as closed ahead and then cut in the front of the line.  Another popular product is the certification that only requires that the person in the car ahead of you stops at the stop sign and entitles our permit holder to proceed without stopping.

“Many of our top clients have a member of R^3 in their entourage, so if any additional requirements pop up they can be quickly taken care of.  If a celebrity has enough wealth, we can get him or her past almost any normal restriction; murder is very pricey and not guaranteed, but it has been done.”

“Wow, that’s amazing!  Do your clients ever have complaints?”

“Well, once you feed a celebrity’s sense of entitlement, they, well, feel entitled to everything.  Some begin to believe that it’s because of their charm that all these doors automatically open for them and stop paying for the service.  Next time they shoplift and get arrested, they’re absolutely shocked.”

“On behalf of my readers, I’d like to say thank you.”

As I was heading toward the door, I just happened to overhear one of the employees in the middle of an interesting conversation, which I will now share with you.

“A police escort for Charlie Sheen?  Certainly, we’d be happy to take care of that right away.  Is this to escort him to the police station or to get him to a concert on time?”

Copyright 2011 – SF Nowak All Rights Reserved

Marketing the Dream

“Do you know what the ultimate marketing tool is?” asked Bill Roentgen.  I thought for a few minutes.

“Probably anything that sells sex,” I ventured.  “Something like automobiles or cosmetics where people believe that by buying the product they’re going to suddenly be more attractive or feel younger.  You know ‘Buy this car and you’ll feel like you’re 25 again!’”

“Good guess,” replied Bill, “but I’m afraid that isn’t quite right.  The ultimate example of marketing is the lottery.  People know that it is extremely unlikely they’ll win.  The odds are so long that it has been called ‘a tax on those who can’t do the math.’  I’ve even heard that the odds of being struck by lightning – TWICE – are better than the odds of winning the lottery.

“What the lottery actually sells, though, is an illusion – a dream.  From the time a person buys a lottery ticket until the time they check their numbers they have the dream of being wealthy.  They might win a smaller prize and be able to pay off that pesky credit card, or they may end up being a big winner and ending up fabulously wealthy.  It doesn’t matter which, in either case the dream is there.  Many people do not check their tickets for weeks after the drawing just so they can keep the illusion alive.”  I thought about this and realized that Bill had a point. 

“In fact,” he continued, “I believe that the dream is far superior to actually winning the lottery.  There have been many cases in which peoples’ lives have been destroyed by the sudden influx of money.  They suddenly find they have legions of long-lost relatives.  Then there are the people who believe that they have some long outstanding debt due them by the winner.  I’m not talking about the shovel I loaned you last week.  We’re looking at such crazy things like a lost toy or comic book from second grade.  Well if you hadn’t lost it, I could have sold it for a lot today, so obviously you owe me.  Then there are the people who seek out the winners with legitimate tragedies and nowhere else to turn.  Winners have been murdered, committed suicide, lost their families, been divorced or just been driven insane.  When one is dreaming about winning, it’s all wonderful with no downside.  A dream is frequently much better than the reality.

“But think for a minute,” Bill offered, with a very thoughtful look on his face.  “If a dream can be that powerful, what if people instead dreamt of ways to make this world just a little better.”

“Sorry, Bill, but I’m just not following.”

“Okay,” he explained, “Imagine you and I each buy a lottery ticket.  Better yet, imagine if everyone on this block went and bought a lottery ticket.  For the next few days each of us would periodically imagine what it would be like to be a winner.  Now imagine if all those same people, instead of dreaming about winning the lottery used their imagination for a more concrete purpose.  What if we all decided to look for the good in one another?  What if we all decided to count blessings rather than shortfalls?  What if we all imagined a better world?

“If each person tried just the tiniest bit to make that dream come true – say no more effort than what it takes to buy a lottery ticket.  What if we all did just one additional good thing each day – a word of encouragement, a smile for a stranger or even picking up a piece of litter.  Imagine how much that could change things. 

“The difference is that while the lottery dream will probably not happen these dreams can and would come true.”

Copyright 2011 SF Nowak – All Rights Reserved

Wealth

Early to bed, early to rise, makes a man healthy, wealthy and wise

          ~ Benjamin Franklin

Why are some people wealthy and others not?  There are many answers to this with each acting as an apologia for the person or group espousing a particular answer.

Outputs: The easiest is to say that people are rewarded according to the contribution they make to society.  Bill Gates would be an example.  He developed something people didn’t have but would need, and even before they realized they needed it.  We ended up with personal computers and he ended up being very wealthy.

Inputs: Some take a slight variation on this, though and say it is not so much due to the person’s outputs as it is due to the inputs required to place that person in their position (bear with me – I  know that sounds convoluted.)  An example of this might be a highly specialized surgeon such as a pediatric neurosurgeon.  This individual completed college, medical school and multiple years of residency before reaching the credentials that identified him as such.  There is a justifiable perception that making it through all those hurdles weeded out everybody except the best of the best.  If it is my child with a brain tumor, I need to know what he is capable of, and not wait to see if he succeeded with my child.

Inheritance: Of course we do have those who become wealthy the really old fashioned way – they inherit it.  There’s an old saying that it takes 3 generations to distribute the wealth earned by an individual, and there’s reasonable truth to that.  Let’s look at one million dollars through several generations. We’ll assume that each generation is able to live but at the end the composite passed to the following generation is able to remain at one million.  Each person has 3 offspring who share the inheritance equally.

First generation: One person with $1,000,000

Second generation: Three people each with $333,333.33 (1 billion divided by 3)

Third generation: Nine people with $111,111.11

Fourth generation: Twenty-seven people each with $37,037.04

Of course, have one generation hit bad economic times, a bad business person or a lavish lifestyle and the number drops precipitously.

Luck: The Lucky Lotto winner.  I’ve never met one.  The only ones I hear of are the cousin of a guy who roomed with the brother of a friend of someone’s cousin.  I did hear that the aliens who have Elvis won, as did Bigfoot.

And finally, probably the most common –

The Wealth Seeker:  There are some who seek wealth above all else.  It may be a desire for power, or perhaps it is the score card that their particular industry uses.  Many at the top of the financial world have no other meaningful measure of success, but there are the top litigators, athletes, entertainers and others who acquire wealth as a measure of their overall worth.  Some both gain and lose a fortune in a single generation; some do so several times.  For these folks the thrill of the hunt truly is in the chase, not the kill.  Many wealth seekers are not only known for their ability to generate revenue, but also to protect their earning power from competitors and are very slow to let loose of their wealth.

Personally, I’m among those who will never be wealthy.  I’ve yet to come up with the marvelous new idea, and if I did I’d probably be more prone to share it than to aggressively protect it.  I’m plumb out of luck with regard to a wealthy family and I know the odds when playing the lottery.  Finally, although I like to make a good living, there are other measures that drive how I work.  Besides, if I had a sudden inflow of income, I’d rather use it to spend time with my wife and kids someplace interesting.  In my case, the experience and the memories would be the treasure.

The good news is that if there is a finite number of monetarily rich people in the world, I am not taking up one of the slots, so it’s all yours.

Someday I want to be rich. Some people get so rich they lose all respect for humanity. That’s how rich I want to be.

          ~ Rita Rudner

 

Copyright 2010 SF Nowak – All Rights Reserved

Whose Taxes Should Be Raised?

 “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.”

Will Rogers

Today’s topic is everyone’s favorite – TAXES.  With a new Congress on its way to Washington DC, there’s a lot of discussion about taxes, particularly about letting tax cuts enacted during President G.W. Bush’s administration expire.  The main point of dissension is whether the richest Americans should continue to enjoy reduced taxes.

There are two key issues here.  The first is how we perceive rich people.  From the end of the Second World War until about 2000 most middle class Americans seemed to identify to a certain extent with the rich.  There was a kinship based on “If I work hard, or invent something exciting, I too can be rich.”  It’s not that the middle class had a lot in common with the rich – we, the middle class just believed that the gulf between them and us was not insurmountable.  In recent years, though, the rich have seemed to accumulate wealth at a prodigious rate while the people who actually make products and provide services have been at status quo.

We no longer view ourselves as having much in common with the wealthy.  To rub salt in the wound, as the nation has suffered in the current economic crisis, the efforts to mitigate the financial crisis seem focused on helping the rich more than helping the rest of society.  Our perception of the rich has taken a decided downturn. 

The second issue is how the proposed increase in taxes for the rich would affect the overall economy.

If I were a rich person….

(Sorry I got distracted for a minute.  I’ll try to stay focused.)

If I were a rich person and my tax rate were low, what would I do with the money that did not go to pay taxes?  As I see it, there are only two choices.  I could spend it or I could invest it.

If I spent it, the store where I shopped would pay their wholesaler, their employees and their other expenses.  Even if the product were actually manufactured overseas, there would be Americans getting paid for unloading the ship, transporting it to the store, manning the cash register, etc.  Each of these Americans would then use that money to purchase what they needed, particularly food, utilities, etc. again involving other Americans in the chain. That would seem to be good for the economy.

If I didn’t spend it, what would I do with it? Let’s accept that most rich people don’t stuff large denomination bills into their mattresses.  A good, comfortable mattress is hard enough to find, so messing it up with lumpy currency would not make sense.  So, I’d invest it, of course, either through a bank or stocks and bonds, etc.  The money that I invested would then be available to businesses or individuals.  Businesses might use the money to expand their facilities, and individuals might be able to buy a car or maybe even (gasp) a house.  Once again, wouldn’t that help the economy recover?  I suppose you could use these as arguments to support keeping tax rates low for everyone regardless of income.

But this may not be just about tax rates.  Instead it might be about more fundamental issues, such as Americans’ basic expectation of fairness.  I sense that the middle class is subliminally dealing with a more fundamental issue than taxes, and the wealthy appear to be oblivious.

The middle class has continued to believe that the common good is critically important.  On the other hand, there have been egregious examples of the wealthiest Americans putting themselves above the common good.   I personally find no way to justify a company being so at risk that they need a government loan just to survive turning around and paying employees exorbitant bonuses.  I find it even harder to accept that an executive who is fired for nearly destroying a company is paid more money in severance than I and all my neighbors combined will see in our lifetimes. 

Since I provided some arguments to permit the wealthy to continue to enjoy reduced taxes, I offer the following marketing campaign to support increasing taxes on the wealthiest Americans. 

“None of us want to raise taxes on anyone.  However, while most of us have suffered through this downturn in the economy, others have prospered.  Among those who have prospered are those worked for the very companies that we, the taxpayers propped up.  If we return the tax to its previous rate – not increase it, just return it to where it was – it would ensure that the Wall Street and Mortgage Bankers, the Investment Wizards and the Corporate Executives who ruined our economy and received government bailouts will have to pay taxes on their multimillions in bonuses and severance packages.”

I think that just might play well with many people.

“The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin.”

Mark Twain

Copyright 2010 S.F.  Nowak, All rights reserved