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George Rebane

The use of ‘fair’, as in ‘the rich need to pay their fair share’, is one the most nefarious misuse of language in the public square.  Oxford Languages defines the adjective as “impartial and just, without favoritism or discrimination”.  Arrow’s Impossibility Theorem (Nobel 1972, here) proves that in collective decision making among alternatives it is impossible to satisfy any commonly accepted set of fairness criteria (q.v.) for all participating parties.  From a systems perspective the reason for this is even simpler, the decision-making parties each have a distinct, different, and often incoherent measure of utility that they want the group’s decision to satisfy.  Given this reality, they usually don’t communicate their utilities to each other and therefore talk past each other in their deliberations.  The result is almost always regarded as ‘unfair’ by one or more of the participants.

Leftwing politicians who use ‘fair’ as one of their sales tools to convince their ignorant constituents have always been able to lure their well-meaning naifs into supporting socialist policies, e.g. in wealth redistribution.  Today we have a posterchild of this tactic in Zohran Mamdani, the Democrats’ communist candidate for NYC mayor who advertises himself as a socialist.  In his support several Democrat congress critters have gone on the air to tell us that we really don’t know what socialism means and that it’s not all that bad.

According to Rebane Doctrine any time you hear anyone, especially a politician, claiming to have come up with a policy or process that is fair for all concerned, you know that you are asked to believe bullshit.  Exercise for the student – what is a fair share of taxes that the rich should pay?  And before that – what is a fair definition of ‘the rich’?

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15 responses to “What is ‘fair’? – one more time”

  1. The Estonian Fox Avatar
    The Estonian Fox

    Let’s take some definitions that the financial groups seem to have already established.
    High Net Worth Individuals (HNWI) – have more than $5M
    Ultra High Net Worth Individuals (UHNWI) – over $30M.
    That hurts the feelings of those with much higher net worth.
    So we’ll arbitrarily say “Really Rich” = over $300M.
    But there is an even higher group, and there is a math formula for that. Who knew!?
    A local MD, with his wife, also an MD, bought a house for $1M a few years ago. In Cali, that’s a middle class abode. I got to thinking, what if I had the means to buy a house like that, every day, forever? Easy to solve. We put all of our worth in the U.S. stock market, which returns 7-8% a year. Taking taxes into account, the return is 4-5% annually. Use the lower annual return.
    So $365M (a house every day for a year) = .04 * NW. NW= $9.1B. These are the “Obscenely Rich” folks, the uppermost category of RICH. Not many here in America – from the Forbes 400 list, there are 120 individuals worth over $9B, totaling about $3660B. Based on this year’s proposed budget, total confiscation of the top 120’s net worth will cover the deficit only. There’s still another $4T or so for ‘normal’ expenses. And we know the lower earners don’t pay federal taxes, they are a net user of wealth, rather than supplier of it. They seem to think they are entitled to be a wealth user too. And Congress doesn’t know how to say NO to them.
    Since 120 folks are effectively going out of business, how much can these damaged goods be worth – still $3660B? Why no-sir-ee. Probably not even half that – it’s a fire sale.
    That’s all I have George – there is no answer to a fair share of taxes. We have no one to save us, since we ourselves (or our duly elected Congress-critters) seem incapable of saving ourselves. We used to be able to, but have lost that survival skill over the years. Too much diversity, too much laziness, loss of religion …

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  2. Paul Emery Avatar
    Paul Emery

    The Republicans tonight just voted against an amendment that would guarantee that food assistance for families with children under 12 would mot be cut. Tax cuts for millionaires while taking food away from hungry families is sad and very wrong.

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  3. Scott O Avatar

    ” Tax cuts for millionaires while taking food away from hungry families is sad and very wrong.”
    It’s actually worse than that, Paul – not only are Republicans hauling away food from hungry families’ larders – they take away the really young kids to roast in ovens for their feasts in their mansions.
    Please stay on top of this – it provides us with amusement as to how easily you are led around by the nose with silly news stories.

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  4. Paul Emery Avatar
    Paul Emery

    Scott
    Are you saying that what I posted is not the Truth? Is it or is it not a fact that Milionaires are receiving tax cuts? Is it or is it not a fact that cutting $230 billion for food for poor families is on the budget being voted on?
    “The budget resolution that the House plans to take up this week directs the House Agriculture Committee to cut programs in its jurisdiction by at least $230 billion through 2034, with these cuts expected to come largely or entirely from the Supplemental Nutrition Assistance Program (SNAP) and to be used to help pay for tax cuts for the wealthiest business owners and households.”
    Here’s details: https://www.cbpp.org/research/food-assistance/millions-of-low-income-households-would-lose-food-aid-under-proposed-house

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  5. Paul Emery Avatar
    Paul Emery

    Also Scott
    Fox news polls show only 38 percent favored the bill, while 59 percent opposed it, a 21-point gap against the bill.
    https://www.newsweek.com/trump-big-beautiful-bill-fox-news-poll-2088007

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  6. Scott O Avatar

    Hilarious!
    “Fox news polls show only 38 percent favored the bill, while 59 percent opposed it, a 21-point gap against the bill.”
    First of all – none of the respondents read the bill and the 59% against it are probably split into 2 opposing camps because it spends too much or it doesn’t spend enough.
    The fed govt shouldn’t be giving anyone a dime for food. Food assistance should be at the state or local level.
    The “tax cuts” are just a continuance of existing tax rates and they are for all tax payers – not just the wealthy.

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  7. The Estonian Fox Avatar
    The Estonian Fox

    Paul Emery at 09:08 PM
    Paul – all references to polling – please stick them on the 18June polling entry, not here.

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  8. Resurrected Hillbilly Avatar
    Resurrected Hillbilly

    What is fair? What is obscene?
    Who loves Oligarchs?
    Historical Income Tax Rates | Wolters Kluwer
    https://share.google/84axmDUXLK63manP3
    The rich can give all their money to a non-profit before or after they die and whatever they don’t give away the government will take half of anyway.

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  9. Scott O Avatar

    Remanufactured BeerBelly 6:18
    Historical tax rates have very little to do with the actual dollar amount of taxes paid by the wealthy.
    Try reading a book or something.
    The wealthy can also set up trusts that provide for their heirs without much in the way of death taxes.
    It’s the middle class that are usually hammered by estate taxes.
    Heavy dependence by the govt on taxes paid by the wealthy looks good to the idiots and mouth breathers but isn’t a good idea for the financial health of the state’s coffers.

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  10. Resurrected Hillbilly Avatar
    Resurrected Hillbilly

    So 636 am
    Oh great book-learned one please enlighten us.
    How much do the middle class pay in taxes these days?
    Do you plan to consult the Big Pork-Filled Bullshit Bill Oracle?

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  11. gjrebane Avatar

    RH 909am – true to form Mr Hillbilly, you and yours really are a helpless bunch who cannot find obvious answers if their life depended on it or the government quit succoring them. Here’s all the information you need –
    https://www.cato.org/blog/its-tax-season-five-charts-who-pays-whats-risk

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  12. Scott O Avatar

    “…the Big Pork-Filled Bullshit Bill Oracle?”
    Every spending bill from DC has been “pork-filled” for decades. Funny how the Dems are upset about this one.
    Maybe there’s not enough Dem pork?

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  13. Resurrected Hillbilly Avatar
    Resurrected Hillbilly

    gr 1020 am
    ScottO tells us that the middle class gets hammered by estate taxes.
    How so? What is the value of the average middle class couple’s estate?
    The exemption is $28 Million for a couple.
    How do they get ‘hammered’ ScottO?

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  14. Scott O Avatar

    “How do they get ‘hammered’ ScottO?”
    First off – notice I answer questions put to me, unlike Paul and BeerBelly who some how can’t seem to do so.
    Numero uno – “for a couple” – but what if it’s just the widow that’s left and she dies? Then it’s 14 million and there are a lot of folks that only make a middle class income off of a business worth more than that or have land holdings that have risen in value due to inflation. The other side of estate tax that I include is inheritance tax – that’s the same money.
    And let’s not forget the states:
    https://taxfoundation.org/data/all/state/estate-inheritance-taxes/
    Left to their druthers, the Dems would go hog wild with these taxes. My grandmother was not wealthy and when she died in ’79 there was a tidy bill to pay.
    Fortunately a lot of that has been rolled back but not with the help of any Dem.
    If we are talking fairness – then no estate or inheritance tax at all for anyone and a flat rate of 10% on all income with zero exclusions.
    But good luck with that – too many people would be out of a job.

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  15. fish Avatar
    fish

    Posted by: Scott O | 02 July 2025 at 05:34 PM
    Lot of closet George McGoverns out there who think Uncle Stupid should just take it all to spread around to their “pets”.
    Nevada City’s fattest lil pirate omits things like that! Of course he was a “journalist” and as a court scribe for government power was paid to overlook these things.

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