I was reading about Stephon Marbury, inactive guard for the New York Knicks. As the story goes, he became such a problem for the team that the coach simply set him down. This made him mad, of course, so he refuses to play, even if/when the team might need him. Thing is, Stephon has $21,000,000.00 still coming to him on his contract - play or not. Nothing anyone can do.
Then, in the same city, there are the increasing numbers of people who have lost their jobs, their homes, everything. No entitlements for them.
Makes me wonder if part of our problem may be an unmentioned issue. How much money should any person be allowed to make/keep without infringing upon the rights of ordinary people?
Is anyone in our country really worth 5 million dollars a year? 10? 15? I read the other day that LeBron James, probably the best basketball player on the planet right now, would probably command a salary in excess of 30 million dollars in two years when his present contract expires. Is anyone worth that?
I think not. I don't see how a ceiling on income could ever be set in this country. It does seem possible, however, that huge taxes for the wealthiest might even things out a bit and help lesser beings have a bit more dignity and security in their lives.
So, maybe 50% tax on anything over $5 million. 75% on anything over $7.5 million. 95% on anything over $10. You get the picture. So Stephon would have to pay - what? - 95% tax on $11,000,000.00 in addition to the taxes he would pay on his first $10,000,000.00. Seems a lot to pay, but keep in mind that he doesn't have to do anything but show up and sit on the bench to keep what's left.
And think what the school districts, the medical care facilities, the crime prevention, etc. etc could do with Stephon's contribution.
"To promote the general welfare..." Great line. Not a bad thought or unhealthy direction.