sundin13 said:
The rich have enough money that additional taxes will not affect their "life style". Besides, we always hear this stuff about taxes and then a tax cut comes around and the only thing that changes is that the rich have more money and the poor have less. We keep cutting taxes and cutting taxes and the rich keep getting richer and the poor don't seem to really be thriving. Suddenly you say that if we raise taxes back up, an economic apocalypse will strike this country... Its all just greed, man. At some point, this country needs to grow some balls and stop catering to billionaires and suits and start fighting for the people who are actually generating the wealth. Cutting taxes won't save us from this wealth inequality nightmare. How about we try literally fucking anything else, eh? |
Depends on what you define as rich and what life style they choose to live. Someone who has 3 million dollars in net worth is consider rich to me. If they want to travel a lot and see the world they can. However, they will have to be careful not to overspend or else they will lose all of of their money. A rich billionaire life style might be an entrepreneur who wants to use their money to create new products, services and innovation. That requires a lot of money sometimes.
If you start taxing rich people a lot more they will find ways to recoup their loses. Usually at the cost of the middle class. People end up poor a lot because of their own doing majority of the time. They don't invest and pay off their debt. Then when something comes up like a layoff, they don't have any money and blame everyone else. Even though if they invest their money they would've been fine.
Teachers are a good example on how to become rich. Teachers may not get paid the most but are one of the demographics that become millionaires more frequent than any other profession. Because it is all about time and budgeting.
Not to mention if you tax too much you end up losing more tax revenue. For example, if you tax rich people a much higher rate then the billionaires will leave and stop investing in the United Staes. If you tax middle/poor class too much they will stop working because there will be no point in working.
