Want to Pay Higher Taxes? Go ahead!
Rich liberals say they want to pay higher taxes. Great. Let them. Who is stopping them from doing so voluntarily?
Consider Warren Buffett. In an interview that is scheduled to air November 28th on ABC’s This Week With Christiane Amanpour, mega billionaire Warren Buffett told Amanpour that he believes high income earners, such as himself, should pay more in taxes. Furthermore, like President Obama, Mr. Buffett believes that the Bush tax cuts for the wealthy should expire:
“If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further,” Buffett told Amanpour. “But I think that people at the high end — people like myself — should be paying a lot more in taxes. We have it better than we’ve ever had it. The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.”
So here’s the question: if Mr. Buffett fervently believes it is his moral duty to send the IRS more of his money, then why doesn’t he, irrespective of what Congress decides to do after returning after Thanksgiving? Indeed, why aren’t all Democrats of means paying at pre-Bush tax cut levels of their own volition?
As it turns out, your loving federal government has established just such a fund that allows any citizen who wishes to donate funds to the U.S.government. It’s called the “Gifts to the United States Government Fund.” According to the Department of the Treasury’s own website, this fund was established in 1843 for citizens to donate gifts, such as bequests, “from individuals wishing to express their patriotism to the United States.” Conveniently, the Treasury then provides the mailing address to which checks or money orders may be sent.
Isn’t this great news?
Now George Soros, Nancy Pelosi, John Kerry, Warren Buffett, and thousands of rich liberals need no longer worry about the fight to raise taxes on wealthy individuals such as themselves. They can just voluntarily give themselves a tax hike—at any rate they want, anytime they want. Imagine the bliss!
In fact, why don’t limousine liberals not go for broke (no pun intended) and pay at a 100% marginal rate? Seriously. The Treasury Department’s “Gifts to the United States Government Fund” will joyfully receive their gifts and then “spread the wealth around” as they see fit.
In 2002, an enterprising Virginia Delegate, Kirkland Cox (R-Colonial Heights), set up a “Tax Me More Fund” in Virginiato see if those who screamed loudest for raising taxes would, in fact, put their money where their mouths were. To date, over the last eight years, the fund has netted a whopping $12,887.04, a sum so small it can’t even cover the salary of a single part-time state worker.
Still, if Warren Buffett genuinely believes that big government can do more for the public weal than through private philanthropic efforts, then why pray tell has he gifted a jaw-dropping 85% of his total wealth to the Bill and Melinda Gates Foundation when he dies and not to the federal government?
Perhaps the reason Buffett doesn’t deed his massive fortune to the federal government is the same reason that Americans oppose raising taxes in general: private interests are far better vehicles for solving problems than a disconnected behemoth federal government.
When Congress returns after Thanksgiving, let it therefore be resolved that rich liberals send their checks or money orders to the Department of Treasure’s “Gifts to the United States Government Fund.” As for the rest of us, we will spend and send our hard earned monies to the commerce or charities of our choosing.