Wednesday, December 29, 2004

 

A Tsunami Surtax?

To prove the US is not stingy...

... by forcing US taxpayers to fund a relief effort. Unbelievable.

I'm confident the US will offer an appropriate amount of aid to the people of the affected countries. But whatever the US does, it won't be enough for some.

Individual Americans have responded generously to the pleas for donations. From The Washington Post:
At Amazon.com alone, more than 53,000 people had donated more than $3 million by yesterday evening after the company made an urgent appeal on its home page. Catholic Relief Services was so overwhelmed with Web traffic that its site crashed. Online donations to the Red Cross outstripped traditional phone banks by more than 2 to 1.

The online generosity was a key part of a massive U.S. response to the crisis in South Asia.

Though we are setting a nice example for the rest of the world, I doubt the relief effort will come close to raising even a fraction of the $14 billion (at least) Munich Re (the world's largest reinsurer) estimates will be needed.


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