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BBHQ Boomer Essays:

Money 101: Your Fair Share

Our Boomer-In-Charge at BBHQ, Hershel Chicowitz, writes about boomer memories and current events... from a boomer’s perspective. He is sometimes funny, sometimes provocative, some-
times a little of each. We hope you get a kick out of our Boomer Essays.

Some surveys indicate that more than 50% of the population believes that wealthy Americans should pay higher income taxes. I suspect that those who agree with that have no idea how much so-called wealthy Americans already pay. And... if you were among the 50% who do not pay any income taxes, wouldn’t you go along with the proposal that other people should pay more? After all, if other people pay more, you might never have to pay any income taxes, while at the same time, continuing to hold out your hand for government freebies.


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May, 2011:

Last week I wrote about a cafe run by Irving, Ralph, and Saul. Some patrons ate more than others, and some were charged more than others.

5 of the 100 customers picked up nearly 60% of the total tab.
40 of the customers paid almost nothing.
A few paid nothing.
A few were paid to eat at the cafe.

Here is how it looks on a chart:

You can probably figure out where this is going. But, before you get ahead of yourself, let me ask you this. Is this distribution of the total tab, in any imaginable way, fair? Let me add into the mix that the five customers who picked up 60% of the tab were served far less than the other 95 customers.

It may be difficult for all to agree on what is "fair," but no one could make a cogent argument that this was fair.

Why, then, does the Obama administration and the mainstream press keep complaining that "the rich" do not pay "their fair share"?

This is how U.S. federal income tax payments, based on income, were distributed in 2003:

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