Should the rich be taxed more then they currently are?
I often hear the phrase that "the rich do not pay their fair share."
Is this true?
Should the rich be taxed more than they currently are?
What ought to be considered "fair," with regard to what people get taxed?
hm... how do you know that that money is stagnating and not being cycled within the economy? I agree that hoarding large sums of anything is not wise even for the person doing the hoarding, but how do we know that to be the case?
Also, can you please humor me and answer the other two questions? Is the phrase "the rich don't pay their fair share," true? and what ought to be considered fair? like a percentage perhaps?
Well, a free market economy doesn't do well when there's large variations between customers, such as now.
And they don't pay their fair share, due to the fact that they make an innumerable higher amount of money than you or I, and yet they pay a somewhat higher amount, and that's it. I have no idea how much they're being taxed now, but I suppose if it's raised five percent, the government would gain money, and they wouldn't have to wait a few days for that gold-plated shark tank.
Experience shows me that the higher up somebody goes in the totem pole, the less actual labor they do. Also, in many cases it’s not what you do but who you know that determines a person’s position in the workforce, and in turn their income.
Personally, I don't know if the majority of the rich gained their money through hard work as you claim, I want to believe they did, maybe some supporting evidence would be beneficial to your claim.
I think it would also depend on what someone considers “hard work.”
how would you like it if you got more money taken away from you just because there are a large number of jealous dicks in the world?
My personal feelings on the matter don’t really matter, do they? I will humor you and say that, given your peculiar hypothetical, it would make me very upset. I would feel that it is an injustice.
Besides, I don’t think that that’s the main cause of why some people want to increase the tax burden on the rich, although I won’t rule that out as one of many factors.
Personally, I don’t believe it’s ethical to tax anyone at a higher percentage just because they make more money. People should not be penalized for being successful or inheriting wealth in my honest opinion.
So I guess the purpose of this debate is to attempt to reach a consensus on the subject. I believe we can find a solution that would agree with both sides of the debate.