The Patriot Times
Randall Rinehart
Bill Murray once spoke, “There aren't many downsides to being rich, other than paying taxes.” In America, many people believe the rich should be taxed more than the poor. In spite of the wealthier class having more fortune than the low class, the tax percentage should be indistinguishable between all classes.
Frequently, a large amount of people believe that the wealthy citizens in our society should pay more tax fees than the middle and lower classes. At first glance, it would seem beneficial. The idea that people with more money should pay more is a frequent philosophy in this country. However, the American government should equally distribute the amount of taxes. For those who favor the upper class tax increase do not think about all classes. If all classes are taxed the same percentage, then the rich would still end up paying more, because they have a larger income. There should not be a larger amount, but the same percentage.
Taxing the rich more than the lower classes may seem good at first glance, but it is really doing more harm than good. The tax amounts that people think rich should pay is disproportionately unfair. I couldn’t agree more with Murray, that it is unfair that many people think that the rich should pay more taxes.
Breanna Bolle
At one point, Robert Kiyosaki declared, “When President Obama speaks about raising taxes on the rich, he speaks about high-income employees and small business owners, not entrepreneurs who build big businesses.” Many American citizens believe America’s taxes should be raised because they are not paying their “fair share.” Although many citizens of America believe the wealthy should have raised taxes, the American Government and States should tax all classes with the same rate.
The trouble is, taxation remains one of the most contested issues in modern political conversation. There are plenty of people who would argue that raising taxes may do more harm than good to the economy. If the rich are taxed more, they may become even more motivated to move their money offshore or to accounts where it can’t be tracked. That could mean less revenue for the government and government services in the end. In addition, If the wealthy aren’t making, or keeping as much money, some say the result could be a reduction in economic activity, with less capital available for entrepreneurship. This could likely lead to lower rates of business formation and fewer jobs. High tax rates make it harder for top executives to make the case for astronomical salaries; if a huge share of their pay is just going to go to taxes, corporate boards will be less likely to pay out high sums that are ultimately funneled back to the government. Besides, when taxes are high, the wealthy cannot put as much into savings since so much of their income goes to the government.
All classes should be taxed with the same rate, in defiance of American citizens believing the wealthy should get taxed more. If the government were to tax the wealthy more than other classes, the economy would decrease, because companies would take their business elsewhere. As Robert stated previously, raising taxes on the rich is not thinking about those who build large businesses.
"Is the U.S. Due for Radically Raising Taxes for the Rich?" The Atlantic. Atlantic Media Company, n.d. Web. 18 Oct. 2016
