Taxing the Rich More

[PerpetualImperfexion]

Here are some reasons I see taxing the rich more as a bad idea.

1.) You will be taking the money that typically stays in the private sector where it is usually invested wisely. Instead it is being put into the pockets of the government. The government then turns around and invests it poorly or gives it to illegal aliens, people who are too lazy to get their asses of the couch and find a job, or towards feeding those people who are too lazy to get up and find a job.

2.) Why would it EVER be a good idea to take away the money of the people who hire us and produce jobs for us middle and lower class citizens?

3.) This policy strives to make everyone equal. You might think "Hey that's a good idea.", but it's not what america is about. America is about equal opportunity, not about taking the money from someone who has worked hard their entire life and giving it to someone who sits on their asses all day. Think about it, America is divided into 4 categories now a days. Lower class, middle class, upper class, and government. When you tax the rich it obviously goes towards the same things us lower and middle class folks taxes go to. Two things (there are obviously more) that our taxes go towards are welfare and paying the government workers. So in other words your taking the riches money and giving it to the poor and the government. It might not be apparent, but this is probably the first step towards a communist government. Obviously the government can't take the riches money to the point where they have just as much as the middle class, but at this rate they will be able to eventually. That money they got from the rich? Some of it will go towards welfare so that the lower class is equal to the middle class. Alright so now all the citizens are equal. But where did all that money go? Into the government workers pockets. Then they'll start telling us where to work, what to eat, how many pieces of toilet paper to use, it will be awful.

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I do think the rich should be taxed, but I see no reason why they should be taxed a higher percent than us. I realize it may seem horrible for one person to be driving cars worth hundreds of thousands of dollars and owning multiple homes worth millions of dollars while other people are on the streets starving, but that's America. The group that has nice things, they worked hard. I realize this isn't true of all homeless people, but for the most part they either got involved in drugs (which is more than likely their fault) or they just didn't want to do any work. (I realize there ARE exceptions)

[ImCoolBeans]

I AM THE 99%!!!!

But seriously, taxing the rich more does seem like a good idea, but at the same time it has it's flaws. Sure they make more money, but that's mostly because they've worked for it, just as the less wealthy people have. It creates an unfair balance.

[Mirage]

Mike is right. There are risings and downfalls to every good plan. I am NOT saying taxing the rich is a good plan, I am just stating shtuff. The risings are obviously that rich people have more money, which in turn equals more money to the government. Downfalls are as stated above. Private sector spending and all that jazz.

[jackson94]

I mean, I don't think we should just average out the money that everyone has, the rich can keep a large sum, but I absolutely believe that after a point, they should be paying some heavy taxes on incomes.

If giving tax breaks to the richest Americans actually helped our economy and created jobs, America would be in a fucking golden age right now.

[abdheuuuchjc]

I believe in consumption tax. No federal or state but high sales that way so the people who dont buy need items can survive while no one feels "blamed"

[Cicero]

It's a bad idea taxing the rich. The more you tax the rich, the more jobs they are gonna cut to compensate they're lavished lifestyle. My dads good friend, told my dad he spends about $1 million a month (they have been friends since childhood, but my dads friend married wealth lol). I know if I were him, I wouldn't want to cut that lifestyle, so instead I know I would just cut a few jobs. My dads friend is one of the owners of about 6 casinos, so he supplies about 3,000-5,000 jobs to our city. He could easily cut 200-300 jobs without anyone really noticing.

It's also a bad idea because they're the ones who supply the jobs. Some people just barely meet that line of being considered wealthy (which I believe is $110,000 but idk for sure), so some people might be struggling keeping 1-2 businesses going. So if you tax them more, they might lose one of few businesses they own.

The wealthy, I personally believe, spend way more than Middle class people. Some wealthy people will cut spending, which means it wont help our economy. For flying a private jet (smaller private jet) for just one hour, it costs an upwards of $45,000 :eek: for just one hour! That's how much someone makes a year! Yet, they spent that in one little hour. $45,000 would help a lot, especially when you have 1+ million people spending that much flying they're own jets.

So overall, I believe it's a bad idea. Instead let's cut the governments spending and they give tax breaks to the wealthy. The government has spent $1.4 Million (or $1.2 million, I forgot which one it was) for seeing if, Shrimp can walk to same speed when they're sick vs. when they're healthy. I'm also kinda sick of teachers saying "Oh I don't make enough for what I do" when the government is spending $192,000 a year on Hilary Clinton's paycheck and $560,000 on Barrack H. Obamas paycheck a year. Teachers make a starting salary of $40,000 a year, starting! They can make up to $80,000 a year with enough experience and education. The teachers who complain to us all the time make around $60,000 a year, which I don't think is to bad considering a personal chef makes that much a year (or more).

Edit:

The rich also worked hard for their money. Sure they have nice cars and houses, but ow do you think they pay all the taxes on them!? Some rich people inherited wealthy, but some of the, still work hard. The lady who made up those weird undergarments for women (to make them look skinnier with panty hoes or whatever) is now worth $1 billion because she worked hard at her idea. After many people refusing to be apart of her idea, she finally found someone who wanted part in it. Many start up companies have to go to tons of people before getting theyre business up, then if you want your company to go to wall street, it takes even longer, because, in a sense, wall street has to approve of it. Make sure it will do good, and make sure the company won't steal the money and make sure it's legit (know this from personal experience, and current experiencing). I think the wealthy deserve 100% of all the money they have (well most wealthy) because they worked they're asses off. They probably work more than most middle class families, the reward for them is a bigger paycheck that's the only difference.

[Sugaree]

The rich also worked hard for their money.

But how many can actually say they know what it's like to put in twelve hours in a single shift? How many can sympathize with fathers and mothers who lose time with their children because of a demanding job? How many actually know what it's like to make the decision between a tank of gas for the car or food for your family?

Not all rich people actually worked for their money, let alone worked hard. The middle class has worked its ass off these past four or five years and for what? Scraps from the dinner table of the rich? Living on the outer edge of the Rust Belt, I can tell you that there's many people around here deserving of a larger paycheck to line their wallets. Seeing factories close, people go into bankruptcy, and even an increase in theft only proves the point that the rich will always benefit more from the hard work of the middle class than the middle class ever will.

I'm not going to say that we need to tax the rich more. The rich and wealthy aren't the problem and they certainly didn't cause the entire economy to implode. Sure, they contributed to it partially, but there is no way they're responsible. They're simply a small piece to a large puzzle. Taxing them more will only create more of a divide between middle class/poor people and the wealthy.

There's no reason why someone like a CEO can't pay the 30 percent required as stated by the IRS tax code. Instead, what do they pay? Around 17 percent. That's an almost 50 percent decrease in what they SHOULD be paying. The fact that the tax cuts passed during the Bush administration haven't been decommissioned is disgusting and shows where the government really stands. Instead of standing up for the poor and middle income families, they stand for the rich.

This doesn't mean all rich people don't work hard for their money, though. My great grandfather on my mother's side came from poverty and started a very popular and successful milk delivery business in Dayton before he died. He was rich in those days' standards, but he worked hard each day and went into the field to make sure the jobs were done right. These type of people are hard to find today because it's impossible to start a business of your own and be left alone to grow.

Overall point: taxing the rich more is not going to solve our problems. Government regulations on the economy as a whole are retarding any progress it tries to make. The rich are not the reason for our situation, but they are one contributing factor.

[PerpetualImperfexion]

But how many can actually say they know what it's like to put in twelve hours in a single shift? How many can sympathize with fathers and mothers who lose time with their children because of a demanding job? How many actually know what it's like to make the decision between a tank of gas for the car or food for your family?


America is about equal opportunity. Everyone has an equal chance to become rich and famous. It depends on whether or not we come up with an innovative invention or idea, whether we get a degree in a certain subject or not. These two things in combination with hard work tends to lead to success.


Not all rich people actually worked for their money, let alone worked hard. The middle class has worked its ass off these past four or five years and for what? Scraps from the dinner table of the rich? Living on the outer edge of the Rust Belt, I can tell you that there's many people around here deserving of a larger paycheck to line their wallets. Seeing factories close, people go into bankruptcy, and even an increase in theft only proves the point that the rich will always benefit more from the hard work of the middle class than the middle class ever will.


Trust me when I say, if you raise the tax on the rich and it is accepted by the middle class, with in years instead of putting bread on rich people's tables we'll be putting it on the government's table. This in my opinion is much, much worse and definitely not better than it was before.


I'm not going to say that we need to tax the rich more. The rich and wealthy aren't the problem and they certainly didn't cause the entire economy to implode. Sure, they contributed to it partially, but there is no way they're responsible. They're simply a small piece to a large puzzle. Taxing them more will only create more of a divide between middle class/poor people and the wealthy.


Explain to me how they contributed to it? Taxing them will not divide us further apart, in terms of wealth it will bring us closer together. Like I said this is bad cause it's typically a step towards communism. Most people nowadays agree that communism is a bad idea.


There's no reason why someone like a CEO can't pay the 30 percent required as stated by the IRS tax code. Instead, what do they pay? Around 17 percent. That's an almost 50 percent decrease in what they SHOULD be paying. The fact that the tax cuts passed during the Bush administration haven't been decommissioned is disgusting and shows where the government really stands. Instead of standing up for the poor and middle income families, they stand for the rich.


So are the rich being taxed a smaller percent than the lower and middle class?


This doesn't mean all rich people don't work hard for their money, though. My great grandfather on my mother's side came from poverty and started a very popular and successful milk delivery business in Dayton before he died. He was rich in those days' standards, but he worked hard each day and went into the field to make sure the jobs were done right. These type of people are hard to find today because it's impossible to start a business of your own and be left alone to grow.


I agree. No body now a days wants to do physical labor when creating a business. I personally wouldn't create a business, for instance, like a lawn mowing business that requires me to do the hard work. I wouldn't mind doing some of the work towards the beginning, but I would expect to get some employees eventually.


Overall point: taxing the rich more is not going to solve our problems. Government regulations on the economy as a whole are retarding any progress it tries to make. The rich are not the reason for our situation, but they are one contributing factor.


Like I said I really don't understand how the rich people caused any of the problems we have, perhaps you could give an example of how they've "contributed". I agree with you on government regulations.

[Cicero]

But how many can actually say they know what it's like to put in twelve hours in a single shift? How many can sympathize with fathers and mothers who lose time with their children because of a demanding job? How many actually know what it's like to make the decision between a tank of gas for the car or food for your family?

Not all rich people actually worked for their money, let alone worked hard. The middle class has worked its ass off these past four or five years and for what? Scraps from the dinner table of the rich? Living on the outer edge of the Rust Belt, I can tell you that there's many people around here deserving of a larger paycheck to line their wallets. Seeing factories close, people go into bankruptcy, and even an increase in theft only proves the point that the rich will always benefit more from the hard work of the middle class than the middle class ever will.

I'm not going to say that we need to tax the rich more. The rich and wealthy aren't the problem and they certainly didn't cause the entire economy to implode. Sure, they contributed to it partially, but there is no way they're responsible. They're simply a small piece to a large puzzle. Taxing them more will only create more of a divide between middle class/poor people and the wealthy.

There's no reason why someone like a CEO can't pay the 30 percent required as stated by the IRS tax code. Instead, what do they pay? Around 17 percent. That's an almost 50 percent decrease in what they SHOULD be paying. The fact that the tax cuts passed during the Bush administration haven't been decommissioned is disgusting and shows where the government really stands. Instead of standing up for the poor and middle income families, they stand for the rich.

This doesn't mean all rich people don't work hard for their money, though. My great grandfather on my mother's side came from poverty and started a very popular and successful milk delivery business in Dayton before he died. He was rich in those days' standards, but he worked hard each day and went into the field to make sure the jobs were done right. These type of people are hard to find today because it's impossible to start a business of your own and be left alone to grow.

Overall point: taxing the rich more is not going to solve our problems. Government regulations on the economy as a whole are retarding any progress it tries to make. The rich are not the reason for our situation, but they are one contributing factor.

Going to the store has fresh food, what do you mean scraps from the rich? And I had said that not all wealthy people worked hard, just most. Sure they don't have to make decisions between gas and food. But they have to make decisions like, "mhmmm should I close one business of 50 employees or close the other business of 40 employees". They don't have 12 hour shifts, but that's how muc they probably work all together. From talking on the phone for 3+ hours to driving to meetings, to constantly going on business trips (which is hard on their health). But I agree, they should be paying their fair share of taxes. Although their are ways to get out of paying full taxes, legally. One for instance is giving a lot to charity, so they get some extra money back.FYI I hate the wealthy people who just part 24/7 and never work hard. My grandfather worked hard his whole life, he owned 3 construction companies, and later down the rode had barely any money left. With the only money he had, he bought a piece of property. Which turned out that property was worth a lot more than he payed. So he turned out successful. I know that even with the money my dad is gonna give me, I'm gonna be an entrepreneur and I will work hard, just as my dad is currently.