And from the band's Wikipedia entry:
The song was written and sung by Alvin Lee. The song reflects the widespread confusion concerning world events in the time-frame when it was written. With lyrics such as "Tax the rich, feed the poor/ till there are no rich no more," the song derides the standard counter-cultural position on social issues, contending that higher taxes on the rich would only wipe out the upper class, while leaving poverty as much of a problem as ever. The chorus of "I'd love to change the world/ but I don't know what to do/ so I'll leave it up to you," adds an ironic twist to such sentiments, since changing the world is unlikely with a simple rock song. The song features a folk-inspired chord pattern to support the melody.A studio version is here.
*****
[guitar]
Spoken 'Now, turn on'
Everywhere is freaks and hairys
Dykes and fairies
Tell me where is sanity?
Tax the rich, feed the poor
Till there are no, rich no more
I'd love to change the world
(Dee-dee-dee-dee)
But I don't know what to do
(Dee-eee-dee-dee-dee-dee)
So I'll leave it up to you-ooo-ooo
(Be in my prayer)
Population, keeps on breedin'
Nation bleedin', still more feedin'
Economy
Life is funny, skies are sunny
Bees made honey, who needs money?
Monopoly
I'd love to change the world
But I don't know what to do
(Dee-eee-dee-dee-dee-dee)
So I'll leave it up to you-you-ooo
(We-eee-dee-dee-dee-dee)
Oh, yeah!
[guitar]
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