| Chrkeller said: Tax the rich is always an interesting position. What is rich? From a selfish point, if I already pay more in taxes then most people make, why should I pay more? When I was fresh out of school money was super tight because I went without to ensure I saved at least 15% of my net. Now that I have investments people want to tax me more. Also I think getting rid of credits and deductions makes more sense than raising taxes. Edit I suppose my issue with raising taxes is the uber wealthy have a team of lawyers and accountants that will just loophole and defer owed payments. So raising taxes ends up on the back of high middle class and low high class. Simplify the tax code and get rid of loopholes. And make Little Red Hen mandatory reading in secondary and at Uni. Edit 2 The other issue, at least in the States, is the gap between the top 5%, 1% and 0.1%. Sure I am in the top 5% but I have a fraction of what the top 1% and the top 0.1% make more a month than I do a year. I'm not calling anyone out in particular, but blanket statements calling for taxing the "rich" makes me wonder what is rich. |
The super rich will always have options. Raise taxes and they just go to places where they are not taxed (as much). In the end higher tax, will always foot the bill to the (double/triple) middle class incomes. People that have money, but cannot just pack up and leave as easily or at all.
