My motivation for this post arose out of the hoopla I perceived concerning the wisdom attributed to Adam Corolla’s unreflective rant regarding the OWS movement. For the sake of open discussion, I’m going to disagree with some of his premise. I’ll summarize and reply to the two primary premises underlying his arguments in two separate posts.
You can view his rant here.
Argument 1: The 1% own 50% of the wealth. The 99% expect the 1% to pay for them. Carolla believes that the 1% deservedly earn 50% of the wealth because they have worked harder than the 99%. Because the 1% pay 50% of the taxes, the 99% are lazy and ungrateful, leech off the wealthy tax dollars, and should work harder to increase their share.
My response to argument 1:
The 1% have not earned their 50% of the wealth, so to speak. Possessing wealth does not mean that it was earned “morally”, in the sense that you can earn wealth by exploiting people, which I maintain to be the case, or you can inherit it, in which case it is not earned at all. Furthermore, if the 99% had more of the wealth, they would be paying a greater percentage in taxes. It is not as though the 1% are charitably paying taxes. They pay the portion of taxes they due because of the current graduated tax structure which requires people with greater income to pay more taxes, which I should mention has decreased significantly in recent years.