This week my head was swimming with blog ideas. At first I thought I would write about Native American sports mascots, after seeing a Florida State game where the fans were chanting and chopping their hand like a tomahawk. To have a look check this clip out: http://www.youtube.com/watch?v=_VKBc5k3weM.

I've also been chewing a lot on the idea of manipulating privilege. I had many ideas on the topic and I think much of the ills of our society stem from a system of privilege that was created by manipulation, and control of power. The September 20 New York Times article titled, A Tax Others Embrace, U.S. Opposes, is what finally led me to talk about the tax code, and the movement to tax wealth like work.“My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.” Buffett believes that it is time to change the current tax structure to one that is a fairer and equal sharing of the tax burden, among all Americans by taxing income created by wealth.

See Buffet and Obama on ABCNews from Sep 19, 2011: http://youtu.be/rWxKaVxytVI

There are many on Capitol Hill, however, that argue taxing the rich will increase the deficit, and inhibit job growth. While in reality, the deficit increased by $1.7 trillion between 2001 and 2008, all thanks to the Bush tax cuts. “And to those who argue that higher rates hurt job creation,” Buffet wrote, “I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.”

Our current tax code rewards wealth not work, by shifting the tax burden to low and middle income households, and deprives our country desperately needed revenue. Simply by taxing interest and dividends at the same rate work is taxed, the budget could gain $37 billion a year from the added tax revenues. If Congress truly cares about the economy, job growth, and a mounting deficit-- then it is time to end Bush tax cuts for the wealthy.

For the Daily Show spin:

The Daily Show with Jon Stewart
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Works Cited

Really great site! United For a Free Economy: http://faireconomy.org/