rocketpig said:
My point isn't to punish them, it's that the American public needs to look at these four things and re-evaluate what their politicians have done to them over the past half century: 1. The percentage of American wealth owned by the top 1% has increased. I don't see how anyone can look at those four things and walk away, saying "yeah, everything is JUST FINE". |
What would you do to solve these problems? Increasing the tax rates on the highest brackets will certainly bring in a lot more tax dollars but it won't do anything [significant] to better the lives of the bottom 90%, they'll still be in the same position they are now. This unbalance in wealth distribution can't just be solved by taking money from the wealthy.
I think the US would be better off by doing more to help the lower class get better jobs and find more income and also teach Americans how to handle their money better. Americans need to stop buying expensive shit like big cars, big TV's, etc. that they can't really afford. If people lived inside their means there wouldn't be such a problem with the lower class getting into massive debt and going bankrupt and then begging for welfare.
Also I want to mention the upper class gets no more benefit from public services than the lower class does and yet we pay way more in taxes. How is that fair? My street doesn't get ploughed faster when it snows, my mail doesn't get delivered faster, I don't get better medical services than anybody else, etc. And my family (in Ontario, Canada) is in the top tax bracket meaning we pay 29% in federal tax plus an additional 12% provincially for a total of about 41% in income taxes compared to just 20% (15% federal and 5% provincial) for a guy who makes under $38,000 - and like I said, we get no better services than this lower class guy. Oh but "we can afford it so it doesn't matter..."
I'm all for helping the poor and homeless but it really isn't that fair to slap a 41% tax on a guy just because he makes more money.
Also I think having tax brackets is retarded. I find it stupid that if a guy makes $83,000 in Canada he will pay 22% in federal taxes but if the next guy makes $83,100 he's bumped up to 26% federal tax which nets him less money overall than the guy who makes that $100 less. I'm all for a flat tax rate to get prevent that sort of stupid scenario from happening. If you want true equality then what's more equal than a flat tax rate?







