The Parker Plan beats the Buffet Rule Print E-mail
Written by Brian Houser   
Monday, 03 October 2011 12:20

I saw a story this morning about Napster co-founder Sean Parker recently giving a West Hollywood waitress a $5,000 tip. And it got me thinking, this may be a much better idea than Warren Buffet's call to raise taxes on the "rich" that is part of Obama's strategy. One of the problems with increasing taxes is that the money will inevitably go to inefficient and ineffective government programs. Some of it will go to further extend unemployment benefits to people looking for jobs that will never return.

Those with some extra money could put it to good use by rewarding those who are providing excellent service. If enough people start giving out rewards, it will create extra incentive for people to do well and for even more people to enter those types of jobs. This way, we're rewarding people who are trying hard at their work rather than those slacking off or waiting for a job to magically come to them. And that big tip goes directly to the recipient (minus income taxes in most cases) rather than most of it getting lost in bureaucratic inefficiencies.

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Last Updated on Monday, 03 October 2011 13:03
 
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