Literary Kicks

Opinions, Observations and Research


Favorite Series

Levi Asher's Memoir of the Internet Industry, 1993-2003

Marcel Proust: Beyond The Madeleines

The Great Book Pricing Debate of 2007

Overrated Writers of 2006

FEATURED ARTICLES FROM 2010
• The Top Ten Crime and Mystery Novels of 2009
• In Gatsby's Tracks: Locating the Valley of Ashes in a 1924 Photo
• A Murder and a Metaphor: Litkicks Mystery Spot #1
All Articles From 2010

FEATURED ARTICLES FROM 2009
• Enter Sandman: Neil Gaiman at PEN World Voices
• FINDING THE INTERNET
• A Memoir In Progress
All Articles From 2009

FEATURED ARTICLES FROM 2008
• Francoise Sagan: Sex, Drugs and Literature
• Capitaine Achab
• Les Soixante-Huitards
All Articles From 2008

FEATURED ARTICLES FROM 2007
• Jonathan Swift and Lady Montagu: an 18th Century Literary Smackdown
• DOES LITERARY FICTION SUFFER FROM DYSFUNCTIONAL PRICING? A Conversation
• Cormac McCarthy: Owning My Hate
All Articles From 2007

FEATURED ARTICLES FROM 2006
• For Sale: Baby Shoes, Never Worn.
• The Overrated Writers of 2006
• Running With The Turcottes: An Interview With Susan Winters Smith
All Articles From 2006

FEATURED ARTICLES FROM 2005
• Favorite Poem: The Love Song of J. Alfred Prufrock
• Samuel Taylor Coleridge
• About Us
All Articles From 2005

FEATURED ARTICLES FROM 2004
• When Corso Dropped his BOMB
• Rod Serling
• Danger on Peaks: Gary Snyder’s Latest
All Articles From 2004

FEATURED ARTICLES FROM 2003
• Jim Morrison: A ‘Serious’ Poet?
• E. E. Cummings
• Villanelles, Sonnets and Meter
All Articles From 2003

FEATURED ARTICLES FROM 2002
• Dorothy Parker
• James Joyce
• On Western Haiku
All Articles From 2002

FEATURED ARTICLES FROM 2001
• Hunter S. Thompson
• Summer Of Love: Hippie Writers & Latter-Day Beats
• Richard Brautigan
All Articles From 2001

FEATURED ARTICLES FROM 2000
• Beat News: December 14 2000
• Beat News: April 14 2000
• Beat News: June 16 2000
All Articles From 2000

FEATURED ARTICLES FROM 1999
• Beat News: June 20 1999
• LitKicks Summer Poetry Happening at the Bitter End
• Beat News: April 4 1999
All Articles From 1999

FEATURED ARTICLES FROM 1998
• Ed Sanders
• Beat News: November 4 1998
• Jack Micheline
All Articles From 1998

FEATURED ARTICLES FROM 1997
• Sliced Bardo: A William S. Burroughs Memorial
• Tales of Beatnik Glory
• How I Met Ginsberg
All Articles From 1997

FEATURED ARTICLES FROM 1996
• Arthur Rimbaud
• Jane Bowles
• d. a. levy
All Articles From 1996

FEATURED ARTICLES FROM 1995
• Charles Bukowski
• Paul Bowles
• My Audition for On The Road
All Articles From 1995

FEATURED ARTICLES FROM 1994
• The Beat Generation
• Jack Kerouac
• Allen Ginsberg
All Articles From 1994

About LitKicks

Literary Kicks was born on July 23, 1994. Here's a page about who we are and where we've been.

Africa
African-American
American
Arabic
Audio Literature
Awards
Beat Generation
Being A Writer
Big Thinking
Biography
Bookselling
Breakfast Club
British
Classics
Comedy
Comix
Drama
Eastern
Eastern European
Ecology
Economics
Events
Existential
Fantasy
Fiction
Film
French
Haiku
Harlem Renaissance
Hiphop
History
Indie
Internet Culture
Interviews
Jazz Age
Jewish
Kid Lit
La Boheme
Language
Latin
Lists
Lit-Crit
LitKicks
Love
Memes
Modernism
Music
Mystery
National Poetry Month
Nature
New York City
News
Overrated Writers
Personal
Places
Poetry
Poetry Readings
Poker
Politics
Polls and Questions
Postmodernism
Psychology
Publishing
Reading
Religion
Reviews
Romantic
Russian
Science Fiction
Southern
Spoken Word
Sports
Summer Of Love
Technology
Television
The Memoir
Transcendentalism
Transgressive
Tributes
Uncategorized
Victorian
Visual Art
What Are You Reading
Women

Philosophy Weekend: On Extreme Wealth, Identity and Taxes

by Levi Asher on Sunday, December 12, 2010 08:59 am
Economics, Existential, Politics

I've never wished for wealth. I hate shopping, luxury is not my idea of pleasure, and I don't enjoy owning a lot of stuff. I've never been able to understand why somebody would get excited about a widescreen TV or a gigantic house or an expensive car. I drive a 2001 Saturn, and I really don't know what a car could have that this one doesn't. I guess the most luxurious thing I own is my Takamine acoustic classical guitar, which I paid a thousand dollars for because I could actually hear the difference.

The only amount of money I'd ever wish for is the amount that would buy me freedom from working for a living. I've spent my adult life earning my monthly keep and supporting my kids with long, hard hours. I've rarely managed to get more than a few months ahead of my bills, and a couple of times I got a few months behind. I did have one extensive flirtation with wealth (this was one of the main subjects of my memoir) during the Internet stock boom in 1999. But a million dollars in stock options didn't buy me any freedom at all. Instead, it shackled me to my job more tightly than I'd ever been shackled before, and the crazy year that followed (before the 2000 stock market crash wiped out my "wealth") was one of the worst years of my life.

So I don't think wealth buys happiness, and nothing I've observed around me has suggested otherwise. But money sure does have a hold on the public imagination, and it sure gets people riled up. The big public debate that's taking place in the United States of America these days about taxes and budget deficits is worth studying from many different angles. As far as the battle in Congress indicates, the Democratic Party wants to cut taxes on lower and middle class Americans but wants the wealthy (those earning above $250,000 a year) to pay more, while the Republican Party wants to extend tax cuts to the wealthy.

It takes some effort to unpack the real agendas behind these stances. Why do the mass of Republican voters care so much about tax cuts for the wealthy, when Republican voters are actually no wealthier than Democratic voters? I've heard it explained that anti-tax conservatives are "voting their dreams" -- they hope to someday become wealthy, and when they finally do they don't want the government taxing their money away. This is the "Joe the Plumber" theory, and I'm sure there's something to it. But it doesn't explain enough.

I think the ideological divisions here are more about identity and trust. If you don't trust your government, and you don't identify with it as representing you, then you will find the idea of enriching it abhorrent. To enrich a government that you don't feel represents you is to give an alien entity greater control of your life. On a personal identity level, on grounds of culture, lifestyle and ideology, many Americans may feel they have more in common with wealthy capitalists than with government bureaucrats. There's the guts of the tax debate: it's less about economics, more about who we each think we are.

Both sides of this debate have been fired up lately. Senator Bernie Sanders of Vermont made a big splash on Friday by delivering a spontaneous, heartfelt mini-filibuster against tax cuts for the wealthy. Like many who watched parts of his long speech, I found his performance thrilling and his words very persuasive. One of his most memorable points involved proposed estate taxes and the Walton family, holders of the Wal-Mart fortune:

Here is the important point I think many people do not know. I have to confess my Republican friends and their pollsters and their language people have done a very good job. This is the so-called death tax. I think all over America people say this is terrible. I have $50,000 in the bank and I want to leave that to my kids and the Government is going to take 55 percent of that, 35 percent of that. What an outrage.

Let us be very clear: This tax applies only -- only -- to the top three-tenths of 1 percent of American families; 99.7 percent of American families will not pay one nickel in an estate tax. This is not a tax on the rich, this is a tax on the very, very, very rich.

If my Republican friends had been successful in doing what they want to do, which is eliminate this estate tax completely, it would have cost our Treasury -- raised the national debt by $1 trillion over a 10-year period. Families such as the Walton family, of Wal-Mart fame, would have received, just this one family, about a $30 billion tax break.

I find it hard to believe when we are talking about massive cuts in programs for working families, when we have this huge national debt, that anybody would be agreeing to lowering the estate tax rate to 35 percent. That is what this agreement does and I think that is a very bad idea.

Bernie Sanders showed much bravery in speaking these words, because it seems almost shocking to single out an American family by name and question their right to keep their own fairly-earned wealth. Anti-tax conservatives often charge that pro-tax liberals are trying to use taxation to engage in "class warfare", and singling out an American family by name might feel like a step in that direction.

But it is also shocking to realize that a single family can hold onto $89 billion dollars in wealth, and we must wonder why it shouldn't be their responsibility to contribute more of this wealth towards paying off the government debt. Is this class warfare? I don't hate the Walton family, and I certainly wouldn't want to punish them. But there's a very good reason why Democratic/liberal economists are calling for holders of extreme wealth in the USA to pay much more taxes: the government is badly in debt, and these individuals are the ones with the money. Seems like a pretty clear case to me.

But, as I mentioned above, debates over taxation are fraught with notions of identity and trust. What are we really talking about when we talk about taxation? Are we on the playing field of economics, or of culture and symbolism, of repression and resentment and control?

The fact that economic forecasters don't predict anything close to a balanced budget under either the Democratic or Republican taxation proposals makes the situation even murkier. The fact that President Barack Obama, widely suspected of being a closet socialist, is actually a closet Taoist wishing to find a perfect balance between both sides of the debate makes it murkier as well.

Meanwhile, I wonder how the members of the Walton family must have reacted when they learned that they'd been singled out by name in Senator Bernie Sanders much-publicized speech. It's strange to consider that this family exists among us. Do they actually live like Richie Rich? Do they regularly give large segments of their wealth away to carefully chosen charities?

I hope so. I can't imagine what else they would want to do with all that money, or how else it could be doing them any good.




This blog post is part of the series Philosophy Weekend. The next post in the series is Philosophy Weekend: Captain Beefheart's Innocent Soul. The previous post in the series is Philosophy Weekend: The Pointless Rationalism of David Foster Wallace.


Bookmark and Share

5 reponses to "Philosophy Weekend: On Extreme Wealth, Identity and Taxes"

by Dan on Monday, December 13, 2010 10:28 am

It's easy to understand what the Republican politicians do if you remember this: the Republican party exists to serve the wealthy. Period. Why non-wealthy people become Republicans and support their schemes is less obvious. I agree that they plan to be wealthy some day and want to get all these breaks and privileges. Also there is an element of religion to Republicanism, which helps explain everything from Reagan to Palin. Anything else?

  • reply
by Ed on Monday, December 13, 2010 02:26 pm

The Bernie Sanders quote is a bit misleading without context -- "Let us be very clear: This tax applies only -- only -- to the top three-tenths of 1 percent of American families; 99.7 percent of American families will not pay one nickel in an estate tax. This is not a tax on the rich, this is a tax on the very, very, very rich."

This is true of Sanders' own proposed estate tax, not of the estate tax as it's been implemented in the past, and likely not of any estate tax that will be implemented in the future.

  • reply
by Michael.Norris on Monday, December 13, 2010 07:21 pm

I say let the Bush tax cuts run out. I was never for them, and they didn't do any good, except to make the rich even richer. The only group that gained in the '00s were the ultra rich. Everybody needs to pony up at this point.

I also say no talk about gutting Social Security and Medicare with talking about gutting defense. Why should the US be the cop of the world while the middle class vanishes and the poor seek deeper into poverty?

The group that wants to change Social Security are also the ones behind the financial crisis that wiped out a lot of people's 401k and IRA accounts - this was supposed to be the middle class answer to dependance on Social Security. If the Republicans get their way, we will have neither.

Why should we go deeper into debt at this point? The Republicans are already ready to dismantle the Health Care Law, which although flawed is at least a glimmer of hope for most of us. The American people are getting screwed over to an extent that I never thought possible.

Look at the people that make the laws. They have the best socialized medicine in the world, which doesn't go away if they lose their jobs or retire. Plus, they have a retirement plan that is not linked to Social Security, and which is much more generous than anything Social Security could offer.

Think about it - what do they care if Social Security or Medicare go away? They are covered. These are things that are paid for partially by everone who works for a living - just look at your paycheck and see what is deducted every week. As far as I can tell the funds for these so called entitlements - damn right I'm entitled to it, because I paid into it - are looked at by Republicans as giant piggy banks that they can't wait to get their hands on.

The Republicans are supposed to be for the most part Christians. What happened to taking care of the poor? What happened to a camel has a better chance of passing through the eye of a needle than a rich man has to get into heaven?

This stuff (social programs, etc) is not something that should be bartered away to gain momentary political leverage. Where is the outrage, or rather why did the outrage jump into bed with the right wing? To paraphrase Ben Franklin - we need to all hang together or we will all starve seperately.

  • reply
by Mayowa on Tuesday, December 14, 2010 10:40 am

Excellent stuff as always Levi.

We have very similar ideas of how much wealth we need in our lives. I want to be able to write for a living and still take care of my family is all....we dream on.

I am not sure why a lot of poor, less educated folks vote in ways that benefit the economic upper crust but i'll say this:

- It wasn't always that way. There was a time when the tax rate was much higher on the wealthy in this country (Long before the Reagan years) and everyone was fine with that. It took concerted effort by the wealthy to change the public perception towards trickle down economics.

- The coalition of the wealthy, economic republicans with poorer, morally inclined ones and the continuity of that coalition despite the harm to the poorer half is one of the greatest achievements of our time. There is no better way to keep the oppressed in line than to convince them they are free.

It's all a little conspiracy theory, I admit. But the evidence of a concerted effort is clear (the most recent example being the piece about the Koch brothers in the New Yorker).

  • reply
by Peter on Tuesday, January 4, 2011 05:02 pm

"How many things there are in this world I do not want.
Said Socrates, strolling through a marketplace in Athens."

-- Vanishing Point, David Markson

  • reply

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
EXPLORE RELATED ARTICLES
Jim Morrison: A ‘Serious’ Poet?
Francoise Sagan: Sex, Drugs and Literature
William James and the Theory of Emotion
Up In The Air With Walter Kirn

Action Poetry

Nine years old and running, Action Poetry is an open forum for sharing original poems.

A Pawnbroker's Pledge by duncanbrown
bring me wine (use this version not the other as the other has two issues) by michaelamichael
i need answers by catalyst

Popular Articles

MOST READ THIS YEAR

• Beholding Holden
• Occupy Wall Street: How the People's Mic Works
• Occupy Wall Street: In Search of Honest Capitalism
• Philosophy Weekend: The Disappeared Auguste Comte

MOST COMMENTED THIS MONTH

• Philosophy Weekend: Ayn Rand and the Paul Ryan Budget
• Philosophy Weekend: The Happiness of Adam Yauch
• Lautréamont, the Other
• A Break With Bobby Keys

Search

Litkicks Says "Occupy!"

• When Wall Street Occupied Me
• Occupy Wall Street: How the People's Mic Works
• Occupy Wall Street: In Search of Honest Capitalism
• Adbusters: The Zine That Created the Occupy Movement
• How a Protest Survives
• Why the Tea Party and Occupy Should Protest Together

and ...

• Talkin' Occupy With Vanessa Veselka

Original Books from Literary Kicks!

Chiaroscuro: Assorted Literary Essays

SEE ALL LITKICKS PUBLICATIONS

Twitter

Follow Levi Asher on Twitter: @asheresque

On This Date

... in 2006
Reviewing the Review: May 21 2006 by Levi Asher

... in 2007
The Yiddish Policeman’s Union by Michael Chabon by Cal Godot

... in 2008
Hettie Jones: Prisons and Poets by Bill Ectric

... in 2009
DISNEYWORLD by Levi Asher

... in 2011
Philosophy Weekend: David Brooks is On To Something by Levi Asher

By Author

FEATURED ARTICLES BY BILL ECTRIC
• Samuel Taylor Coleridge
• The Mary Shelley Story
• Metafiction and the 4th Wall
All Articles By Bill Ectric

FEATURED ARTICLES BY JAMELAH EARLE
• For Sale: Baby Shoes, Never Worn.
• Jonathan Swift and Lady Montagu: an 18th Century Literary Smackdown
• Villanelles, Sonnets and Meter
All Articles By Jamelah Earle

FEATURED ARTICLES BY ALAN BISBORT
• Beatniks: How I Wrote A Subculture Guidebook
• Baseball: The Great American Literary Sport
• Written In Prison
All Articles By Alan Bisbort

FEATURED ARTICLES BY GARRETT KENYON
• The Top Ten Crime and Mystery Novels of 2009
• The Big Dime: Ten Best Crime Novels of the Past Year
• Advancing the Darkness: Five Modern Masters of Mystery and Crime
All Articles By Garrett Kenyon

FEATURED ARTICLES BY DEDI FELMAN
• Enter Sandman: Neil Gaiman at PEN World Voices
• Adaptations: A PEN World Voices 2010 Conversation About Literature and Film
• Herta Who?
All Articles By Dedi Felman

FEATURED ARTICLES BY MICHAEL NORRIS
• Francoise Sagan: Sex, Drugs and Literature
• Marcel Proust: Beyond the Madeleines
• Capitaine Achab
All Articles By Michael Norris

FEATURED ARTICLES BY LEVI ASHER
• The Beat Generation
• In Gatsby's Tracks: Locating the Valley of Ashes in a 1924 Photo
• FINDING THE INTERNET
All Articles By Levi Asher

FEATURED ARTICLES BY CLAUDIA MOSCOVICI
• The Conformism of Postmodern Style
• Fiction and Cultural Memory: Writing From Ceausescu's Romania
• An Unlikely Cocktail: Mixing Pop and Bourbon in the Palace of Versailles
All Articles By Claudia Moscovici

ALL AUTHORS

Featured Articles

Junk Books and Junk Bonds (or, Sometimes the Book Game Reminds Me of the Bank Game)

When Hippies Battle: the Great W. S. Merwin/Allen Ginsberg Beef of 1975

Poker and Postmodernism: The Cards I’m Playing

Adaptations: A PEN World Voices 2010 Conversation About Literature and Film

Feed

RSS

 

Literary Kicks • About Us