Subsequently, Senator Elizabeth Warren, who is running for president, proposed taxing not just large incomes, but also accumulated wealth. ... they pay much more. I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Everyone would get exactly what they're willing to pay for, no more, no less. , increase jobs ( and increase taxes obviously does the exact opposite - kills off jobs) , increase revenue ( by increasing the jobs and not taxes) .
Get everyone to be productive members of society and workers. So the United States is not the only country that cut its top income tax rate.
And we know it didn't work this time.
I paid a higher rate than Mitt Romney.
Senator Warren’s push to tax not just income but wealth would represent a major shift in U.S. politics. I'm middle class so they should have higher taxes than us. Allow entrepreneurs to CREATE demand by innovative products which the consumer will buy. Wealthy people get most of their money from dividends and investment gains on money they already have, not from a monthly paycheck. Students also learn about and discuss ways cities can ensure that companies like Amazon hold up their end of the bargain through strategies such as "clawback" rules and "tracking" for public subsidies. Taxes on the Rich. What makes Senator Warren’s wealth tax proposal different from income tax proposals like that of Representative Ocasio-Cortez? Most of them were born with high IQ scores, something nothing but genes and chance can determine. You should really help others because it is not nice to be stingy. All they need to know is what services we've used and how much. Learn to be efficient before wasting more on repetitive services and failed policy. It's 20 percent on average on everything people buy clothing, food and automobiles, etc., are all taxed at that 20 percent in Europe. It's really what you need if you want to tame capitalism, because by itself, capitalism is a very unstable system and you need these kind of laws and policies and institutions to stabilize it. Why should those with the least have to tighten their belts while those who can afford to pony up just keep getting fatter? “This type of wealth tax that @SenWarren is proposing is essential. What might be some of the reasons for such an argument? tonight on the season finale of trust fund babies and the offspring of ceos: how to berate the lower classes for not working hard enough when you were born into more money than them, their parents AND their entire bloodline combined! Explain your position. Say that i recieved a D but my friend got an A Well she is "richer" than i am so how about we just take half of her grade and give it to me, so now i have a C and she has a C and she just lost half of her scholarship oppurtunities. ", On the idea that competitively, the U.S. can't keep rates high if other countries aren't doing the same, Steinbaum: "I think we have seen, indeed, lots of countries cut tax rates on the top, and that's exactly why inequality has gone up so much. The rich are often seen as overly "lucky", pompous, and sometimes lazy. The more important things in life, i.e. Many people who build wealth will go on to become philanthropist of their own free ,often helping their own family and others who may want to get ahead in life. Democratic Rep. Alexandria Ocasio-Cortez's plan to raise taxes on the wealthiest Americans has stirred the pot in Washington. In My opinion it is completely unfair to make the rich pay more. If the rich is taxed more, then that is just saying that it doesn't pay to be successful! So much for billionaires and Republicans. Rather, it was to fundamentally alter the distribution of power in society. That's madness. Research it - "working poor"2. The main reason the rich should be taxed at a higher rate is simple: they have utilized the system more.
These things were built by EVERYONE rich and poor. If the poor and rich pay same, then it's like there is no difference between them. Taxing them more, is like punishing them for doing whats best for them and their families. Today, there is a debate about whether raising taxes on top earners would have negative effects, possibly increasing tax evasion or making U.S. businesses less entrepreneurial.
And that's had disastrous consequences for everybody else. On Capitol Hill, meanwhile, Mitch McConnell and two other Republican senators said that they would introduce a bill to repeal the federal estate tax, a type of wealth tax that has already been so weakened that it now hits fewer than two thousand families a year. Questions for discussion follow each reading. We're not going to go back up to a 70 percent tax rate," Edwards says. I am in the top 2% and am fine with being taxed more. I spend my money more efficiently in my community than Obama/Brown can filter it through numerous agencies and red tape!
They made the moves to get there. But many moderate and progressive Democrats, far from recoiling from the Warren proposal, enthusiastically embraced it. Should the government aim to reduce this gap? ", On foreign governments financing their tax rates, Edwards: "I mean, European governments are bigger than the U.S. government. Chris Edwards (@CatoEdwards), director of tax policy studies at the Cato Institute, disagrees. Do you think raising the top income tax rate be good or bad for lower-income people?