Why The Rich Should Not Be Taxed More

I can assure you that if there were to be a vote in assessing whether the wealth distribution in America should be changed, the majority will abide for a change. In fact, most American’s don’t even realize the severity of the wealth distribution. When Americans were asked what they thought the wealth distribution in America was, ninety-two percent of Americans thought that the distribution was better than it actually is, where the rich were just about a hundred times better off than the poor when in reality the rich are about three hundred times better off than the poor and fifteen percent of the poor are below the poverty line

Why shouldn’t the wealthiest of Americans pay a higher percentage of their income for taxes? Certainly, things would get better if the wealthy paid more taxes. This philosophy is why welfare continues to exist today. People worry more about what is right for the other person without looking at themselves and taking responsibility. It is overrun with individuals who prefer to be on welfare than to work hard and contribute to society. This doesn’t mean welfare is not needed, but that it should not be a career. It offers no permanent solution, but only prevents a real solution from being realized. So why should the wealthy pay a higher percentage of taxes just because they can afford it? They work hard, so shouldn’t they be allowed to keep what they earn? This is not an example of scrooge-like behavior, but that hard work should have its rewards. The way to a better life should start with hard work and the desire for independence from government support. This would help people regain personal pride and become productive members of society, rather than a drain on its resources. It is not a crime for the wealthiest to earn high incomes. Shouldn’t hard work pay off? Why be penalized by paying a higher percentage of your income when you worked hard to make that income? Simpler solutions are required.

Amity Shlaes talks about how presidents such as Nixon, and Bush removed millions of Americans from the tax bracket completely and that those same exact people don’t want a proportional tax rate and want to tax the rich because “they can afford it”. That just seems unfair and unjust. The first video was very opinionated saying that the rich now make more money than before, of course they have the money now due to war times & depressions being over however, the less money they have the less likely they’re to make more investments into other things such as creating more offices, and hiring more people to work for their company

"The most perennially political issues in the United States is the question of how much Americans should be taxed. Indeed, discounted over taxes was one of the major motivating factors in the revolution that established the United States as an independent nation"("Extending Tax Cuts", 1). Since taxes are one of the biggest topics in politics, there is always going to be two sides of the subject, and Taxes will always strike controversy in our country. The topic of having the rich pay more in tax has a deep history to consider, and there will always be both supporters and critics who continue to debate this topic.

Another huge problem is the way that the tax code works. As Warren Buffett explains, the “tax code is tilted towards the rich and away from the middle class.” It’s actually upside-down those with more pay fewer taxes, than people with less. Though the top rate for wage-based income is 39.6%, the rate for income from investments (capital gains) is only 20%. That means wealthy people pay a lower tax rate than the rest of us. Examples include Buffett, whose tax rate is about 17%, while

Admittedly allowing a special tax to redistribute wealth would temporarily give relief to those in lower classes but it would not solve the issue. This to me could be compared to a few years ago when tax payers received additional refunds. I recall watching a news interview with a family to get an extra $600. The mother said she would pay off debt while the father stated he wanted to make purchases, that one household was a clear depiction of how the U.S. would be

Yes, I believe that individuals making over a quarter of a million dollars a year should pay a higher rate in taxes. Currently the United States is experiencing a slow economic recovery from the previous recession and the more fortunate members of society could contribute more to strengthen the country's financial status. It is not unreasonable since the U.S. is already incredibly low by international standards. The average tax rate on American's is 27.3% which is below almost all OECD countries as well as way below the average of 36.2% (Tax Policy Center, 2010). Raising taxes on the wealthiest Americans is estimated to help 114 million households including lower tax rates, an expanded Child Tax Credit, and marriage penalty relief steps that together will prevent the typical family of four from seeing a $2,200 tax increase next year (Office of the Press Secretary, 2013).

With rapidly rising income inequality in the United States, would the redistribution of taxes benefit the US economy? It is one of the greatest political questions that deserves to be debated since the US economy suffers with a huge deficit that topped $20 trillion this year and is expected to grow by another 10 trillion over the next decade. In Julie Borowski’s blog post,”Why Shouldn’t the Rich Pay More in Taxes,” she reveals the value of equal opportunity as she proves her argument of why the rich should not bare a larger burden on the national debt crisis through her use of ethos, logos, cynical diction and rhetorical questions. Before we analyze her views, it is important to note that our federal income taxes pay for social security

In America, most people are trying to get the government to raise the taxes on the rich, but why doesn’t the government raise the taxes on everyone? It is not fair at all to raise the taxes on the rich just because of how fortunate they are. If the government taxed everyone a little more and also made the poor pay their taxes, our nation would be in the same spot as if we made the rich pay a higher tax. This way is more equal and in today’s world we need to be as equal as possible so we can stay united as a country. The only thing that could go wrong with this plan is if the Americans who take advantage of the government’s money keep living this lifestyle. If these Americans would keep taking advantage of the government it would make all taxpayers

Many people aspire to be rich and live a prosperous life. However, for a majority of the U.S. population that is not the case. More than half of us are along the middle class spectrum and this creates an issue on whether or not we’d benefit from raising taxes. Everyone is concerned with fixing the income inequality and gaining more wealth, however, this can be easily resolved by focusing on mobilizing the economy as a whole by raising the tax fairness. I believe that if the focus were mainly on raising taxes, it would allow for some stress and worry to be lifted off of the middle class and those in poverty. As a result, the rich will pay more taxes, which will benefit the middle and lower class. The so called “American Dream” is slowly losing its meaning when income inequality comes into play because there is no fair game as to how we gain money. Bold plans such as raising the taxes will allow for an increase in revenue and help with employment issues. Furthermore, with the rise in inequality, we are at the tipping point and the door of opportunity for people in lower classes is closing. An incentive to want to work harder should be encouraged when wealth becomes more concentrated than income.

Alyssa Battistoni wrote an article about “Why Is Taxing the Rich So Hard?.” She talked about the rich having political clout, how they don’t exactly have control over the government and political views, but they are a big influence in the decision making. The wealth fund and engage in politics, making preferences for the wealthy. Citizens in the top income provide three-quarters of contributions. The rich have political power, which blocks higher tax rates for them. It is true what they say “the rich get richer, while the poor get poorer.” because of the views endorsed by the rich, the average American’s only get their voices heard in an “opinion poll.” “Which only benefits a few at the expense of the many” - (Jacob Hacker and Paul Pierson

If anything, the rich should be happy to pay more. Taxes go to good things like firefighter equipment, schools, hospitals, shelters, and those places that feed the homeless. They do not go to things that keep people on the streets like drugs. The rich should pay more not only to take the weight off the poor peoples backs, but also build places the poor need.

The rich should not be taxed more because it will damage economic growth. By taxing the owners of these huge, wealthy companies, there will be less money to go into expanding these businesses. This would be economically counterproductive, as the owners would no longer look to make their companies become more productive. The owners would only look to scrape in the smaller profit margin that they’re taking in after being taxed. The owners would then become complacent with their business, and no longer care to make it better for its customers. This is not beneficial for society, because at this point, only the business owner is reaping growing benefits, unlike the customers who see no change in products or accessibility in the store. For example,

Raising taxes by 100% on millionaires would hurt an already fragile economy. High tax rates on millionaires or even billionaires would create a lazy population with no incentive to work hard. The rich would invest their lives in a more reasonable country that doesn’t impose such a high tax rate. And the poor would have no reason to work harder because then their benefits would be taken away with the more money they make. I believe that there should be an equal tax rate that everyone pays across the board. Millionaires would be more inclined to give to charities or other organizations instead of holding back due to an outrageous tax. Raising tax rates on middle income earners would also hurt the economy as a whole because there would be no intuitive

One of the obvious reasons to raise the taxes of the rich would be because they simply earn more. One example is if two people started the year off with fifty thousand but then let us say one had a rich family member that died and they had received millions through a will, then say they received a gift of one billion by the end of the year they pay the same taxes even though one of they are now a billionaire (Cohen). The reason is that the government does not tax on gifts or wills so then they would not have to pay more taxes if they received a gift that had consisted of a large sum of cash (Cohen). Now there is a large chunk of change out of circulation and now the middle/lower