Well, the legislation implementing “The Buffett Rule” has been voted down in Congress as we all knew it would be. But so what? The Federal Government doesn't really need your money, since it can generate all the money it needs to pay off the national debt and also close any gap between tax revenues and Federal spending that Congress may want to legislate for the foreseeable future.
There's no problem of Federal solvency. There hasn't been since 1971, when the US went off the Gold Standard! The idea that we risk insolvency is just a fantasy of people who won't acknowledge that the US Government is the monopoly supplier of fiat currency to the non-Government sector of the economy, including all of the private sector.
However, even though your money isn't needed by the Government, it is very badly needed to help fund two things, I'll describe below. But, before I do that, since your patriotism has moved you to advocate for higher taxes for yourselves, I hope and expect that you will be motivated to spend the same amount in the two areas of activity where your money is most needed and would be much more effective in bringing the United States back to the state of a healthy democracy, than it would be if you and and other similarly situated patriots paid it to the Government in taxes.
I know you've frequently heard the Republican response to your proposals for higher taxes on very wealthy people like yourselves, namely that if you're so sure that higher taxes on the very wealthy are the right thing to do, then you can always contribute the additional money to the government, if you really want to. Well, my view is that you can equally well, and with much greater effect on restoring fair and effective functioning to our democracy, contribute that money directly to activities that will change key background conditions that are driving our democracy towards plutocracy right now. Here are the two areas of activity. Read more about Hey Patriotic Billionaires, You Can Do Better Than the Buffett Rule, Anyway!
Requirements for an e-participation platform in human political CASs
We won't be able to stop the movement toward oligarchy unless we can create a new institutional framework that allows us to change those aspects of our present situation supporting oligarchy and undermining open society. We need a framework that will operate within the context of existing rules and laws to create changes supporting increased self-organization and distributed knowledge processing shifting our democratic PCASs back towards an open state. Read more about A Meta-layer for Restoring Democracy and Open Society: Part Two, Meta-layer Requirements
It's hardly news that there’s a very wide chasm between voters, lawmakers and political parties. The rage in America reflected in the Republican primary contests is palpable. And there's also rage among progressives as well, though it's not finding an outlet in the Democratic Party. The same is true in Europe, where we see unrest in many nations. People in developing nations are demanding democracy, and making some progress too. But, everywhere one looks in developed countries, democracy is retreating, and Michels's (p. 400) “Iron Law of Oligarchy” is triumphant.
In the U.S. most Americans believe lawmakers don't care what they think, Congress's approval rating is at an all-time low, and most Americans believe the major parties won't represent them. Neither tries to match its policies to a majority of voters’ preferences, and both continuously support laws that seem designed to benefit large corporate interests and the 1%, but not working Americans. There are now more unaffiliated voters than party-affiliated ones, and major party candidates often win elections with only 25% of potential voters.
Most voters want most federal incumbents defeated, but legal constraints on minor parties and candidates typically ensure their defeat, whether they are “insurgents” from within the party, or candidates from third parties. This skewing of electoral outcomes leads voters to think that they have to vote for major party candidates, or “waste” their vote. Angry voters alternate election cycles between major party candidates to “punish” incumbents. But the new “winners” ignore what voters want, just as the old ones did. So, how can we repair this disconnect? How can we make office holders accountable and representative again? Read more about A Meta-layer for Restoring Democracy and Open Society: Part One, Conceptual Foundations