Wednesday, July 09, 2003

Something to Consider

From the New York Times.

"Two years ago the World Health Organization's Commission on Macroeconomics and Health, which I headed, made a stunning finding: If rich countries contributed a total of around $25 billion per year, the increased investments in disease prevention and treatment could prevent around eight million deaths each year in poor countries throughout the world. The United States' share would be around $8 billion, given the size of its economy in relation to other donors. Most of this money is needed in Africa, where the countries are among the poorest and the disease burden is the highest.

Projected spending by the United States on global health in the fiscal year 2004, even with the president's new AIDS initiative, is roughly $2 billion, or one-fourth of what's needed from us. More money could, among other things, keep AIDS patients alive through antiretroviral therapy, help mothers survive the complications of childbirth and prevent hundreds of thousands of children from dying from malaria and vaccine-preventable diseases.

Here's where America's richest 400 could change history. In 1995, the top 400 income earners paid almost 30 percent of their incomes in taxes. After the Bush tax cuts and other factors, the proportion will be less than 18 percent. Suppose the super-rich applied their tax savings toward Africa's survival. That extra 10 percent of income — which translates to nearly $7 billion based on the incomes in 2000 — would provide a huge chunk of the $8 billion that the United States should contribute to the global health care effort. This money could readily and reliably be given to the Global Fund to Fight AIDS, Tuberculosis and Malaria, which could then put it to spectacular use in saving those eight million lives each year. For individuals who already have all the earthly possessions that can possibly be amassed, could there be a better way to give meaning to vast wealth?
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I don't know how many of the richest 400 people in the United States read this website (my estimate - 0) but if there are any, then perhaps this is advice you might take to heart. Also please send me money to make a series of documentaries, including "American Bagboy."

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