preview

Monetary Equality : The United States And France

Better Essays

If one acquires something from another person in the name of equality, is he or she actually supporting his or her cause? Monetary equality has been a subject to question for centuries—a question that has themed English Folklore and sparked radical revolutions in the United States and France. Even in modern America, the idea of "all men are created equal” has been a point of contention in various topics ranging from race to riches. Though the United States might not be close to a rebellion scaled to the French Revolution, modern “Robin Hoods” have agitated the idea of pseudo-equality, by proposing higher taxes on the rich—even if those with a higher income stimulate the economy. Nevertheless, it is important to note the undeniable, vast …show more content…

However, the problem with the progressive thinking of levying extraneous taxes on the rich is that it will not—as some economist suggest—level the playing field, but will ultimately maintain and or expand poverty within America by depleting entrepreneurship and jobs, willingness to invest, and decrease philanthropy. Before delving into the topic at hand, a look at the current and projected tax system will help one understand the predicament of taxing the upper class. According to Bardes, Schmidt, and Shelley, in the textbook American Government and Politics Today: Brief Edition, Americans pay a variety of federal, state, and local taxes, which are all assessed on most sources of income, sales and land. Bardes et al, made their agenda clear by pointing out that “the wealthy receive a much greater share of their income from these sources (capital gains, rents, royalties, interests, dividends, or profits from business), than others do (315).” But what is considered wealthy? In the article, Who gets to be “Rich”, Jordan Weissmann reported that a household income of around $113,000 lands one at the top 10% of income earners, while

Get Access
Get Access