July 23, 2011

The Rich's Fair Share

Our nation faces many challenges, but the one that we stand at the cusp of truly is a significant one.  The most predictable possible disaster involves our looming budget crisis that currently is being played in the political arena and not the problem solving one. It is much easier to ridicule someone who thinks differently than you do than it is to work with them to create a working solution.

One idea that some have is to increase taxes on the rich among us. The argument is that since they have more money than the rest of us, they have an obligation to be willing to pay a higher percentage of their income than the rest of us do. Because to them, a couple thousand here and a couple thousand there are what quarters and nickels are to you and me.  The principle is: you have more so you have to give more.

Most people like this argument because it involves people who are not them. Other people have money so they have to pay. We, on the other hand, will take care of what we need to take care of since we have our own struggles to deal with.

According to the World Bank, there are about 6.7 billion people in the world. Out of them, 1.4 billion live on less than $1.25 per day.  Let's say at your job, you make exactly minimum wage. Right now that is $7.25. Let's say you work a standard 8 hour day which means you earn $58.00 per day. So you, minimum wage earning American make more than 48 times than those who live below the poverty line. (This is not even getting started with the other groups of the world population that you are living a life of luxury compared to).

A person working minimum wage's annual salary would be around $15,080, and 48 times that would be $723,840. Someone who earns that salary would definitely be a part of the "rich" who "need" to pay their fair share compared to us.  Wealth is relative, and by using the rationale that we say the rich have an obligation to help those who are not as well off, it makes you obligated those who live below the poverty line.  Odds are, you make more than minimum wage.

How can you help? Compassion International seeks to "Release children from poverty in Jesus' name." Anything you can provide can help. They have a whole host of programs that are literally saving and transforming lives. You can donate here.

You, actually, relative to the world are "the rich." Now stop talking about yourself and do what you say the rich should be doing.

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