Bully for Billionaires
Warren Buffett gets stuck into the Republicans over the greed of the rich in pushing for tax relief while paying less (proportionally) than almost anyone else. He also makes the obvious point that its the current account deficit and not the abandonment “strong dollar policy” that will ultimately drive down the US dollar, getting backup from fellow-billionaire George Soros
And while I’m saying nice things about billionaires, this Salon story says Bill Gates is giving away the bulk of his fortune mostly to people in poor countries. (Both Buffett and Soros are also notable for philanthropy).
At the very least, the latter report makes me feel less resentful about paying my Microsoft taxes (the effectively compulsory copy of Office I need primarily for file compatibility).
Going further, it makes me think about billionaires and egalitarianism. Certainly these guys are doing a lot of good with their money. And while there are other billionaires who don’t do anything positive, taken as a group the ultra-rich seem a lot more attractive than the merely rich, as represented, say, by the Bush administration. So perhaps a bit of inequality at the very top of the income distribution (a few billion-dollar fortunes and a corresponding reduction in the number of millionaires/multimillionaires) is not such a bad idea. With this much money it is possible for someone to a lot of good unilaterally.