Here are a couple interesting videos. Thanks to Mark Perry at Carpe Diem.
Video 1: Stratification in the OWS society
Apparently, in the OWS society in Zucotti Park, enclaves formed that were reminiscent of the classes in society that OWS was protesting. I love the we-should-all-have-access-to-iPads, but-not-my-iPad guy.
Here’s the video (thanks to W.E. Heasley for pointing me to the Youtube version):
In this video, reporter Michelle Fields asks millionaires if they’d like to make a voluntary donation to the Treasury, since they are demanding their taxes be raised.
Unsurprisingly, they all said no. “It wouldn’t make a big enough difference to solve the problem.”
Great job Michelle!
If the 1 Percenters who appeared in this video are out there somewhere, I’d like to pose these follow up questions:
1. What “problem” exactly are you hoping to solve?
b. Income inequality
c. Paying your “fair share”
2. Don’t you think it’s important to lead by example? Maybe if you made a donation that would lead others to make donations and that could help, couldn’t it?
3. What keeps you from using this same logic (“my contribution won’t make a difference”) when donating to charity? After all, a contribution of $100,000 to charity will have the same impact of $100,000 to government, right? Why or why not?
4. By how much do you think taxes should be raised and specifically on who (e.g. income over $1 million)?
4a. If taxes are raised by that amount on that group, how much extra government revenue will that generate? How does that compare to the size of the deficit?
4b. What’s to keep government from raising taxes on you, spending that extra money (if it generates extra money) and not reducing the deficit by a penny?
5. Do you have any thoughts on how large a percentage government spending should be of the economy?
6. Are you also asking your politicians to exercise more fiscal responsibility in spending?