Is It Ethical to Tax the Rich More

The rich should not be taxed more. Increasing tax rates for the upper class will not solve the present inequality problem. The wealthy americans should be expected the same amount of taxes as the poor for equality. Those who earn more shouldn't help the less fortunate because they worked harder for the money they earn.

The tax system in the United States has changed throughout the years, with many attempts to make it "fair" or "equal" while at the same time generating enough income for the United States government to thrive. It is a complex issue, and a controversial one at that. While it may not be possible for our tax system to ever be fair, it is important to make sure it doesn 't put more financial stress and pressure on one group than on another.

Why shouldn’t the wealthiest of Americans pay a higher percentage of their income for taxes? Certainly, things would get better if the wealthy paid more taxes. This philosophy is why welfare continues to exist today. People worry more about what is right for the other person without looking at themselves and taking responsibility. It is overrun with individuals who prefer to be on welfare than to work hard and contribute to society. This doesn’t mean welfare is not needed, but that it should not be a career. It offers no permanent solution, but only prevents a real solution from being realized. So why should the wealthy pay a higher percentage of taxes just because they can afford it? They work hard, so shouldn’t they be allowed to keep what they earn? This is not an example of scrooge-like behavior, but that hard work should have its rewards. The way to a better life should start with hard work and the desire for independence from government support. This would help people regain personal pride and become productive members of society, rather than a drain on its resources. It is not a crime for the wealthiest to earn high incomes. Shouldn’t hard work pay off? Why be penalized by paying a higher percentage of your income when you worked hard to make that income? Simpler solutions are required.

In recent years, a growing gap between the wealthy and the middle class has grown, as the wealth of the world has increased significantly, yet only a minority of individuals get to enjoy it. Income inequality has been proven to be detrimental to not only the economy, but to the overall well-being of a nation as it leads to societal upset and can potentially prompt a decline in progression as a nation. Over time, income inequality has led to negative results in the United States, as well as many other nations including Greece. Consequently, the solution to prevent income inequality from deteriorating a nation and prevent economic upset is to ultimately tax those who are wealthier at a higher rate and put said money towards education and healthcare

Amity Shlaes talks about how presidents such as Nixon, and Bush removed millions of Americans from the tax bracket completely and that those same exact people don’t want a proportional tax rate and want to tax the rich because “they can afford it”. That just seems unfair and unjust. The first video was very opinionated saying that the rich now make more money than before, of course they have the money now due to war times & depressions being over however, the less money they have the less likely they’re to make more investments into other things such as creating more offices, and hiring more people to work for their company

Alyssa Battistoni makes some very good points in her article, “The Public Overwhelming Wants It: Why Is Taxing the Rich So Hard?” regarding how the wealthy have a big part in influencing the government and taxes. Her article makes valid points on how we, as citizens, under estimate the political influence of the rich and that we have a hard time understanding the magnitude of the economic inequality and the relationship it has with political power (Battistoni, 720). She states that many of the politicians themselves are in the wealthy category. This article shows the frustration Battistoni feels by the tone and wording she uses to make her examples such as when she states that we are getting caught in a negative feedback cycle as the rich

With rapidly rising income inequality in the United States, would the redistribution of taxes benefit the US economy? It is one of the greatest political questions that deserves to be debated since the US economy suffers with a huge deficit that topped $20 trillion this year and is expected to grow by another 10 trillion over the next decade. In Julie Borowski’s blog post,”Why Shouldn’t the Rich Pay More in Taxes,” she reveals the value of equal opportunity as she proves her argument of why the rich should not bare a larger burden on the national debt crisis through her use of ethos, logos, cynical diction and rhetorical questions. Before we analyze her views, it is important to note that our federal income taxes pay for social security

In America, most people are trying to get the government to raise the taxes on the rich, but why doesn’t the government raise the taxes on everyone? It is not fair at all to raise the taxes on the rich just because of how fortunate they are. If the government taxed everyone a little more and also made the poor pay their taxes, our nation would be in the same spot as if we made the rich pay a higher tax. This way is more equal and in today’s world we need to be as equal as possible so we can stay united as a country. The only thing that could go wrong with this plan is if the Americans who take advantage of the government’s money keep living this lifestyle. If these Americans would keep taking advantage of the government it would make all taxpayers

Understanding the arguments over income inequalities can be confusing and honestly very stressful. There are many arguments that have come from both sides and there are many misconceptions that have been told throughout the years. I can honestly say I was someone who believed that the rich needed tax breaks. I was taught to believe that they help our economy become a better place and provide jobs for the average person. My federal government class has taught me a lot and now I see things very differently. Before I continue, let me explain the definition of income inequality. Income inequality is the unequal distribution of household or individual income across the population ("Income Inequality"). There many problems that we will discuss and

Due to the dire nature of the current situation, it is improbable to completely avoid tax increases for wealthy families. However, there are scenarios in which the debt is addressed mostly through spending cuts rather than tax increases that negatively affect the wealthy. If the United States were to follow the Bush-era tax plan, the wealthy citizens of America would benefit at the expense of middle and lower classes. Specifically, if the U.S. were to allow the expiration of income below 250,000 dollars a year, 98% of households would no longer benefit from the Bush-era tax cuts. These, in turn, will increase the taxes for households, while excluding the wealthy families of the top 2% of the income distribution. Similarly, if the government were to modify the payroll tax in order to better encapsulate income (90% rather than 80%), the national debt would decrease while sparing those at the top income

Even though some may think taxing the rich is pointless, the poor might not think so. For the rich to pay even 45% more tax each month won't affect them in any way. This process will definitely be helpful towards the poor. As many articles stated “the richest people in America have been getting richer very quickly” (Steele). Many people have been concerned about this outcome; therefore we as Americans have been working hard in order to fix the taxation problem that has swept away the

Taxing the upper class and large corporations offer many benefits such as bringing back loss revenue and employing that money to create more government programs for the population. It is also fair because the rich have found ways to avoid paying taxes by hiding their earnings in another location. With Sanders’ proposal, loopholes in the tax code will be closed and the opulent will have to pay taxes. Nonetheless, this proposal will raise taxes for the population, which will also affect the middle class. Although this tax raise mostly targets the affluent, the middle class will see a decrease of 10.56 percent in their after tax income and an average decrease of 12.84 percent of after tax income for all classes, excluding the lowest class (Edwards).

Two important factors that determine a workers' income, regardless of their class, are their race and gender. Minority groups as well as women are less likely to receive an income they deserve, regardless of the job. They are seen as less educated and less capable of doing certain jobs, and they are restricted in advancing and achieving a more suitable income. Only the top capitalists, white males, are receiving the bulk of the nation's income revenue and all the benefits that come along with it. They are the richest people of the United States and instead of being taxed like everyone else, they are allowed even more lee-way. "There is a solution to this problem that will save small farms and businesses, eliminate the ‘death tax' for all Americans and still preserve the integrity of the federal budget: Tax the net worth of the very richest Americans on a regular basis during their lifetime" (Eitzen & Leedham pg. 40). The already rich continue to earn more and more money with their jobs, and they are not being taxed in proportion to their income. They have gotten away with accumulating more of the nation's wealth, while others struggle to make it in life.

One of the significant reasons to tax the rich more is because of how much they pay in taxes. Even though the rich are the ones that have the most, they should as well be the ones that give the most.This would easily be assumed but that is not the case. Specifically, information from “Do the Rich Pay Lower Taxes than the Middle Class?” by Robert Frank shows this. As well it gives many examples of how much the rich pay in taxes compared to low-income people. “The poorest 20 percent of Americans paid an average of 10.9 percent of their income in state and local taxes and the middle 20 percent of Americans paid 9.4 percent. The top 1 percent, meanwhile, pay only 5.4 percent of their income in state and local taxes.” Overall that is a big difference

One of the obvious reasons to raise the taxes of the rich would be because they simply earn more. One example is if two people started the year off with fifty thousand but then let us say one had a rich family member that died and they had received millions through a will, then say they received a gift of one billion by the end of the year they pay the same taxes even though one of they are now a billionaire (Cohen). The reason is that the government does not tax on gifts or wills so then they would not have to pay more taxes if they received a gift that had consisted of a large sum of cash (Cohen). Now there is a large chunk of change out of circulation and now the middle/lower