[Moses]

Saw a news program last night where it was mentioned that Tiger may already have paid nearly half a billion dollars in taxes so far. Three pundits started to argue about Tiger's tax burden. The first said that since Tiger was well on his way to becoming professional sports first billionaire, his taxes were far too low. Nobody really needs that kind of money.

The second guy, a conservative argues that no individual ought to ever pay half a billion in taxes. It was an obscenity and essentially Tiger was being burdened with an inordinate tax load. He is being punished for his success.

The third guy calmly stated that most studies estimate tax usage efficiency at about 60%. When you send $1 to Washington, by the time your money is spent on actual goods and services, about 60 cents is left. Administrative inefficiency eats up all the rest. In contrast, Tiger's personal use of his own money is 100% efficient is stimulating the economy. If Tiger is greedy and packs all his money away, there is more money to lend, interest rates drop and we all benefit. If he spends wildly, he directly supports sales and production. In short, it's hard to imagine anything Tiger could do with his money that would not benefit society more than giving it to the government. He made a compelling argument that taxes ought to be kept at a bare minimum to support essential services. What do you think? Let Tiger keep his money?