Make ’em pay their share

I feel this overwhelming desire to put this blogger’s current word of the day into perspective.

The word is “greed,” and it clearly has wrapped itself around the hearts and minds of mega-rich Americans over the issue of paying their fair share of taxes.

Donald Trump’s spending and taxation bill is now law and it contains those infamous tax breaks for the richest among us. Please consider the following …

If we demand that billionaires pay their fair share of taxes, they would still be richer than God. The going rate is about 38%. If someone were to pay that amount in taxes on $1 billion in gross income during a given calendar year, that still leaves the billionaire with more than $600 million in gross income for that year.

What could the government do with the money it collects from the billionaire? It could parcel it out to replenish food and housing assistance for Americans who are about to be deprived of such assistance. How about spending more money to arm Ukrainians with hardware to fight the invading Russian army?

We could do all of that … and the richest of the rich can still float around in their yachts and enjoy the decadent lifestyle to which they have become accustomed.