Tuesday, December 14, 2010
The Grouch's Billionaire Challenge
Warren Buffett has made a great deal of noise lately not only selling his Billionaire Challenge but also in bemoaning the fact he doesn't pay enough taxes. A brilliant idea hit me last night... instead of avoiding taxes through the massive write-offs gained by contributing to charities why not donate directly to the US Government. After all, the US Government is the largest charitable organization in the world and its finances are in shambles. In order to continue its charitable giving, what could be better than a large cash infusion from the world's greediest people trying to assuage their guilt over having so much more than the average Joe?
The Grouch's Billionaire Challenge is simply this--- I challenge all Billionaires throughout the country to donate at least half of their fortunes to the government so that wealth may be redistributed to the citizens as the politicians see fit... a gift with no strings attached, no stipulations. This will undoubtedly have an immediate impact on the lives of the poor, making the country and the world a much better place since governments are very efficient allocators of capital, and operate with significantly less overhead than private charitable organizations. This will also help address the problem of undertaxing the rich that the President and Congress are grappling with right now without requiring them to expend their own political capital.
For those patriotic Billionaires who decide to take on this challenge, I and all my fellow citizens thank you. Your non-tax-deductible contribution can be sent to the address below:
Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782
And once again, in the words of the Honorable Joe Biden, thank you for doing your patriotic duty, and helping America remain exceptional.