Should we raise taxes for the top 10% of the upper class who make the most money?
We all know that the top 10% of America pay 70% of the taxes in America. Should we raise their taxes and redistribute the wealth even though it means we have to sacrifice more jobs? Because company owners will just close their business and flee America with their money. The rich provide people with more jobs....
Public Comments
- Time to go back to the 1950s when the top tax rate was 91% That was back when people realize that if you want the government to do certain things like go to war or try to go to the moon you had to pay for it, not just get loans from China
- We should tax the poor at the same rate as the rich.
- We should have a flat tax, so everyone has a stake, and therefore a say, in our country.
- they will never understand how it works
- Only if you still believe you are entitled to an allowance.
- ahhhhhhh , have we not already started that.
- No. Those people are not rich. If liberals want to go after the 'real' rich people then raise capital gains tax on billionaires like Buffett.
- Poor people could provide jobs if the competition was fair. The rich provides jobs because no one can compete with them...
- no.
- When Willie Sutton was asked why he robbed banks, he said "that's where the money is". Why not return the tax rate for the richest to where it was when Ronald Reagan was in office?
- The reason for that is that people want tax cuts, and they are in the lower half, they get tax cuts, government raises taxes for rich people to make up for it.
- sure why not we are well on the way to world wide Socialism according to Rules for Radical by Saul Alinsky
- It is comming under the Obama scam...I mean Obama plan.
- You make a good point. The people with the highest incomes are generally the most productive members of society. These individuals produce a great deal of the wealth of our society. By placing heavy taxes on our most productive people, our government discourages our most productive members of Society and they often go elsewhere. The result of high taxes on the high income earners is a net loss of wealth and productive resources.
- There is a difference between "wealth" and "income". If you want to tax wealth then you are talking about taking money out of people's bank accounts - millionaires, billionaires, etc. Income taxes just take money away from people as they earn it. They are 2 different groups of people. It is why Warren Buffet can get up there and say his secretary pays a higher rate of taxes than he does. NOT that she pays more TAX but a higher percentage. That's because Buffet is taxed at the Capital Gains rate and she is taxed based on income. Buffet likes death taxes because he buys those companies at great discount when families must sell after the founder dies because they can't afford the taxes. If you actually started taxing "WEALTH" he would scream the loudest.
- If you're a democrat then yes. Those nasty rich people have absolutely no right having more than anyone else and should pay more taxes. Isn't that what class warfare is all about. Of course with higher taxes for any length of time the rich will no longer be the rich and the gov't will still need more money. Where will it come from. The rich will have stopped investing in new business or hiring new people to replace people moving on or retiring and will pass the new taxes on to the consumer. Eventually the gov't will have to lower the 'rich thresh hold' and the rest of us will have the opportunity to perform our civic duty by paying more in taxes. At that point we will be the rich, therefore the people to be hated. Eventually the rich threshold will be lowered to the good Americans, those on permanent welfare and there will be no more class warfare because everyone will have the same amount of money. Isn't it great to live in a country where such things are possible. You have a good day now
- Yes, because it works. Look at this: http://search.yahoo.com/search?p=who+is+better+for+the+economy+republicans+or+democrats
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