Americans Favor the ‘Buffet Rule’
I’m simply amazed at the number of Americans caught in the romance of the “Buffet Rule” which states that anyone who earns more than $1 Million will pay a 30% income tax. In a recent Gallup Poll article, 60% who were polled said, yes. They actually do prefer a higher tax on those individuals who have learned how to succeed in America.
This is contrary to every other area of logic in my experience. Let’s look at few examples where more is expected as a performance reward.
- School – higher grades = more scholarships and ‘free’ rides to college
- Groceries – buy in bulk at Sam’s Club or Costco and get bulk discounts
- Business – buy larger volumes for volume discounts
- Income – Earn more money therefore Pay Higher tax rates?
It seems a bit counter intuitive to penalize those who are exercising their intelligence and wisdom in matters of money management in favor of the poor and middle class. Let’s look at what the Bible actually says about the matter…
“Go to the ant you slacker! Observe his ways and be wise. Without a leader, administrator, or ruler, it prepares its provisions in summer; it gathers its food during harvest. How long will you stay in bed, you slacker? When will you get up from your sleep? A little sleep, a little slumber, a little folding of the arms to rest, and your poverty will come like a robber; your need like a bandit.” proverbs 6:6-11
According to Solomon, the one who is slack will lack. The one who is diligent in his matters will be rewarded for his diligence. The diligent man does not need anyone dictating how they should go about their business.
Why then is it that American’s have a slant towards penalizing those who have achieved success? I believe it is because the common cultural norm is an attitude of entitlement. The common question is, “Why should they do so well when I’m not?”
I will go out on a limb to say that the question needs to change to, “How can I do as well as they are doing, and are they willing to show me how they did it.” I really believe if more people were to rise to a higher level of income, the ‘Buffet Rule’ would not be an option.
In terms of taxes, I’d say the only real option is for everyone to pay the same % of tax on their income. It is proportionate and even across all income levels. All these rules promote nothing more than class warfare and entitlement thinking that never promotes Prosperity in our country.
King Solomon was right by saying where there is slack there is lack. My grandfather and father were notorious for telling me to pick up the slack in my work.
Rather than higher taxes for the ultra rich, we need our government to take a stand for sound stewardship of what they have. Stop spending more than we bring in. Stop the entitlement spending in Washington just because we can print more.
Wake up America! Let’s get back to our roots of sound Biblical Stewardship and we will all prosper once again.
- ‘Buffet Rule’ is a Good Start (usnews.com)
- In depth: ‘Buffet Rule’ would only affect 1% of small business owners (bazaardaily.com)
- Congress to Vote on Buffet Rule (theepochtimes.com)
- US Senate Rejects Obama’s Wealth Tax Proposal (eurasiareview.com)
- The Senate kills Obama’s “Buffet Rule” (newstatesman.com)