From Behind Enemy Lines: Taxing the Super Rich

The big noise I hear from the Left is, trickle down economics don’t work. They cite a lot of stuff (Grok can give you a whole explanation, if you care to read it), mostly that cutting corporate tax rates doesn’t stimulate the economy because corporations then invest or spend the money on their executives, and that it “exacerbates inequality.” While I can agree with the idea that a good, effective fiscal policy should include incentives, fiscal sustainability, and broad opportunities rather than just trickle down, I don’t want to throw away the baby with the bathwater.

I look at the shenanigans going on in New York right now, and I can see that at least SOME trickle down works. It seems Mamdani was expecting the “rich folk” to stay and pay exorbitant taxes. When they left, their trickle stopped, and now Mamdani is upset. He ran on the idea of free childcare, free buses, and a bunch of other “free” stuff. The problem, of course, is that none of those things are free. They all require the work of other people, something socialists tend to forget about when they calculate how much to pay for things. Someone’s labor is worth dollars.

Now, please understand me… The person flipping your burgers is giving you labor, too, and that person is worth dollars. Right now, it appears that most people agree (and more importantly, the corporate overlords agree) that their worth is about $15 per hour. That appears, at least for now, to be sustainable for McDonald’s, Wendy’s, and the other burger conglomerates. This is (at least in my state, where the legal minimum wage is $7.25/hr) a decent wage for someone working in food service. Having worked at a McDonald’s in my youth, I can tell you that the training is excellent, the work is hard and exhausting, and the take home pay isn’t too bad. For a youth it’s excellent, and for a young adult it’s truly a living wage if you’re working full time.

One of the big issues I have with some capitalists is that they don’t appear to value the labor of those who are “below” them… the burger flippers, the guy who cleans the bed pans, the gal who greases the gears at the factory. Now, I’m not saying that low skill jobs should be paid the same as high skilled ones (whatever the skill may be). Making burgers is not nearly as complicated as making precision ball bearings (one of the local companies that hires young adults in my area of the world makes these, and provides training AND education to their workers, so that they can improve and better themselves while also doing a good job). Making precision ball bearings with a machine is not as complicated as making a plane engine. Making a plane engine isn’t even close to being as complex as making a rocket engine. And so on. There are tiers, and multiple factors do need to be taken into account… not the least of which is the idea of whether anyone would be anything but mildly inconvenienced by the disappearance of said job. If burgers stopped being made, people would eat at home, and probably gripe less and lose some weight. If precision ball bearings were to stop being made, planes would cease to fly in the sky, and many of our very important machines would stop working. And so on. Some jobs are worth more than others (which, I will also add, is not the same as saying the people in those jobs are worth more or less), simply due to their nature.

But I digress. We were talking about taxing the rich. Oh… no, taxing the ultra-rich. So here’s the thing: the rich (millionaires, for instance) are not the middle class they once were. Largely, they are not paying as much as they did. The ultra-rich (the billionaires, and our one trillionaire) are paying considerably more than their fair share of taxes in the world. Of course, that depends on what you consider fair. Some on the Left consider a 90% tax rate to be perfectly fair of a share. I do not.

In our country, the rich and the ultra-rich pay a lot. “High-income earners contribute the vast majority of U.S. federal income taxes. The top 10% of earners pay roughly 71% of all individual income taxes, while the top 1% alone accounts for approximately 38%. Overall, the top 50% of taxpayers contribute over 96% of the total income tax burden.” (NTUF) A few years ago, Elon Musk paid over $11 BILLION dollars in taxes, which is equal to 0.15% of our country’s budget. A single man. I think that’s considerably more than his fair share.

Now go look at the image above. By making the numbers look incomprehensible (and yeah, they ARE incomprehensible except for a few math geniuses), they make it scary. That makes it easier to get their ideology across. They present it in such a way that it sounds like a) the super rich are not working people, b) that taxing the super rich doesn’t affect other working people, c) that not taxing the super rich means you’re not investing in working people, and that d), all of this means our democracy will die. Because we didn’t tax the ultra-rich.

Fear is a great motivator. Part of the problem we’re seeing now is that, even when people on the Left start to figure out that they’re being duped, the fear kicks in. It’s incredibly motivating. I still get caught in some of the fear traps the Left tosses out, until I go investigate. The problem, of course, is that a single human being simply cannot investigate all of these things. Even doing a few is exhausting and draining.

In the same way Trump overwhelmed the Left’s social media machine in the first few months of his Presidency, by simply being a few steps ahead and tossing out media land mines as he moved, he was able to make certain they were always hours or days behind. By the time they caught onto something, he was already three memes ahead. Well, they’re doing that with fear. They’re chumming the waters of social media with fear bombs. Yes, I can look some up and dismiss them. But I just don’t have TIME to look them all up. And just enough of them have the potential to be real (or have portions of them that are based in reality) that you can’t just write them all off. So what’s a girl to do?

I rely on media that I trust, which is hard, because I just went through the whole “the entire media is lying to me” lesson. But I … trust but verify. When I can. And when I can’t, I move on.

So here’s the thing I keep reminding myself of. Our parents and grandparents and greats, they didn’t have access to the news we have. They lived very different lives, and in some ways, very much happier lives. The problems they had, they didn’t have to do with Iran or Iraq, or mass shootings, or kids eating Tide pods. The reason was, they didn’t KNOW about those things. They only knew what they read in the paper, and unlike the internet, the paper only has so much space. Only the most interesting and useful news goes into them. All the petty stuff? You might occasionally get a special edition on a Sunday that dealt with it, but not everyone read the Sunday paper for just that reason.

So I limit how much “news” I read. I can’t vet it all, so I only read what I can vet. I don’t stress out if I don’t know everything. I share interesting news at breakfast with the family, and they share their interesting stuff. Each of us likes different things, so we get a nice cross-section of the available news of the hour. It’s enough.

And when people ask why I’m not outraged over the fact that the ultra-rich aren’t being taxed until they decide to play Gatsby and stop working altogether? I tell them I don’t know those things, because I’m reenacting or sewing or working in my garden. M’kay, thanks.