Taxing the "Rich"

A case for higher taxes on the wealthy.  No data is used in this analysis, it is purely opinion.

IF, and this seems to be the case, one or two or twenty percent of taxpaying Americans control 90-98 percent of the country's wealth, why SHOULDN'T  they pay more taxes and carry more of the societal burden. MORALS and ETHICS are at the basis of this argument.

My brother's point of view.  "It's MINE, I MADE IT FROM MY OWN EFFORT, NOBODY GAVE IT TO ME, IT'S MINE AND I WANT TO KEEP IT ALL."  Sort of an AMORAL point of  view, but there you have it. BTW he's been physically disabled since he was 21 yrs old and never took a dime in federal assistance or public charity.

Fair enough.  Can't really argue with the logic when you get right down to it.

BUT, consider this!  35% of 100 dollars is 35 dollars, right?  So I have 65 dollars left to live on.

35% of 1,000,000 is 350,000 dollars and I have 650,000 left to live on.  Man, it's hard not to be a smartass as I type this.

Now we are ONLY talking about INCOME.  I EARN 1,000,000 EVERY YEAR.

So what do I get for my 35 or 350,000 dollars?  The guy with 35 dollars gets to eat and live.

The guy with 350,000 has a little left over after food and clothes (really nice food and really nice clothes).

Both guys can INVEST THEIR MONEY.  America, EQUALITY.  OK, let's play with that idea.

So the guy with 65 dollars can buy a 25 dollar US savings bond and have 40 dollars left to live on.

The guy with 650,000 can buy a 250,000 treasury bond, or a corporate bond that will pay him some interest each year.

Each person invests the same percent of their income and who makes the most from their investment.

Both guys get to fly in the same air, drive on the same federally funded highway system, live in the same free and democratic country, etc, etc, etc.

You could make the case quite easily, I believe, that the guy who contributes the 35 dollars gets a bigger bang for his buck, and they BOTH have the same opportunity to invest.  See?   This is where the LOGIC falls apart and morals and ethics begins to take over.

The one guy has SOOOO MUCH, couldn't/ shouldn't he just pay a little more?

Well, when you go to the voting booth, Nov. 6th, that's one of the big questions you have to ask yourself.

Each party has been very clear on where they stand on that issue.