John Ransom

In the name of shared sacrifice, it’s time to impose a tax on the $7 billion in box office receipts that Hollywood generates.

I added up the domestic box office activity for the week August 26 through September 1st based on figures provided by Variety. The take for the week for Rise of the Planet of the Apes, Our Idiot Brother, Spy Kids: All The Time In The World, plus 130 other box office leaders was $136 million. Year-to-date those films have grossed over $4 billion.

$7 billion in annual receipts can hire quite a few teachers. 145,228 teachers actually.

$136 million each week would pay the unemployment benefits for 461, 017 people at the average benefit of $295 per week.

Look, if people are going to talk seriously about taxing “the idle rich”, they should get serious about looking at the most idle members of our society- those who reside mostly in Los Angeles and Manhattan and make a living off of show business.

Being a sometimes starving writer, I have a lot of respect for the sacrifices that artists make to pursue their craft.

But Hollywood box offices aren’t funding starving artists.

They fund “Contagion,” the next in a series of socially redee…, excit…, err, movies by Matt Damon who gets paid enough to pay 572 teachers. Tell me which has more value for society? A rich, smug, preachy Matt Damon? Or 572 teachers?

And in what passes for political strategy in Democrat circles, Michael Moore, the mustard-stained Leni Riefenstahl of the progressive fascists wants Damon to star in a new role- as president of the United States.

Really. I’m not making that up.

“The Republicans have certainly shown the way — that when you run someone who is popular, you win," said Moore according to the Huffington Post.

Then he compared Damon to Ronald Reagan: "Sometimes even when you run an actor, you win. And I guess I only throw his name out there because I’d like us to start thinking that way."

I don’t know Michael.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable