That Goose and Gander Thing

President Obama recently made this statement:

“Although we consume 20% of the world’s oil, we have only 2% of world reserves,”

One would assume his purpose in making this assertion is to imply rather directly that we are a greedy nation, and there should be some sort of equality between those receiving a benefit and those providing that benefit. Is it then not just as greedy for his administration to ask the 1% of the country who pay about 37% of the taxes, to pay even more?

(The purpose of this post is not to debate the validity of the President’s statement.)

Comments

  1. Obviously you don’t understand that the term “fairness” means “What’s good for me is good for me and what is good for you is good for me also!”

  2. J. Strupp says:

    Not at all! Since this same 1% of taxpayers have benefitted disproportionately from the financialization of the country (that they were instrumental in creating) as well as receiving tax cuts (15% div./cap. gains) and tax loop holes (like the “carried interest” tax scam) which drop their effective income tax rates (oftentimes) below middle class income tax rates. Rich people have paid other rich people to change laws that have given them a bigger slice of the pie so let them pay a bigger slice in income taxes as well. AGAIN, we cannot talk about how much this segment of the population pays compared the rest of America without also taking into account the benefits that these people have received in return. Income growth has been concentrated at the top of the food chain over the past 30 years. This shouldn’t be surprising. Our government was paid to redesign our economy in this manner.
    In short, “there SHOULD be some sort of equality between those receiving a benefit and those providing that benefit.” In this case, the beneficiary happens to be the top 1% (and especially the top .01%) who have reaped all the rewards while the middle and lower class has seen little reward at all.

  3. Randy in Richmond says:

    Good point Shoebox.

  4. Actually, I didn’t get “The U.S. is greedy” from Obama’s statement at all.

    I got “Most countries that have oil reserves are really unfriendly to America, and if they ever decided they wanted to screw over America and Europe we’d be in really big trouble, because we’d never be able to produce enough oil with just U.S., Canada, and North Sea reserves to keep the economy going.”

    Now I suppose you could also extend that analogy to the top 1% paying taxes. Of course, if you did that, you’d also be admitting/assuming that rich people have nothing but contempt for the middle class.

  5. Randy in Richmond says:

    Alex
    Please provide a link to your 2nd paragraph’s statement that you highlight with quotation marks.

    Please provide a definition of what you refer to when you state “rich people”.

  6. J. Strupp says:

    We get it, Alex. When you begin your sentence with “I got”, it’s means, “I interpreted his statement as”.