Should The Buffet Rule Become Legislation?

The obvious problem with using this system is that a billionaire and millionaire, who make significantly different amounts of money, both pay the same tax rate of 39.6%.

All in all I think it would be a beneficial idea to entertain. The context of the economy, food, and taxes all play an important role in this argument. The higher income bracket would be resistant to the idea until they were presented with facts on the cost and the minimal decrease in

Huey Long believed that the wealthy should share their wealth with the poor. He organized the “Share Our Wealth Society with the professed goal to guarantee a measure of security and well-being to all Americans”. This was a program designated to provide a decent standard living to all Americans by spreading the nation’s wealth among the people. This was a response to President Roosevelt policy that he promised he would after he won his campaign which he didn’t do. I think Long idea is a good idea however, I don’t think it would ever work considering the fact that no one will ever give up their money. Some people actually work for everything they have, I do think there is better ways to help the poor. The one proposal I strongly disprove of

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.

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.

Trickle down economics logic is like a three-level pyramid with a few holes punctured at each status. The point of the pyramid would represent the wealthy business owners. The middle would represent the middle class. Lastly, the base would represent the third class or poor. Taxes would be cut from the first class in order for them to obtain more money. This is important because it was believed if the rich had more money they would use it to benefit their businesses. Then they would have enough money to hire employees. which would give employees money and that money that employees received could go to them and their families to purchase goods they were in need of. This money would help other businesses as well. Overall this plan would ideally provide job opportunities, salaries, and consumption that would help pull the economy out of the wreak it was currently in.

In the video, Wealth Inequality in America, there were many things that caught my attention the second time around that i had not understood the first time listening to it. When they had surveyed 5,000 people I was not surprised to see that the ideal for most Americans would be a somewhat even distribution of wealth among the various groups. What I was most shocked about was what most American think about the distribution of wealth is not even close to what the reality has to hold. The fact that lowest 20 - 30 percent don't even register as sharing in the wealth of America as they are behind the poverty line. They are living of “pocket change”. The top 1 percent didn't even shock me as much as how the middle class did.

Providing a base income for all americans regardless of previous income would greatly affect the standard of living in america. Replacing all other government benefits with ten thousand dollars per year for all american citizens over the age of eighteen years old. Say a person makes forty thousand dollars per year, they now have an extra ten thousand dollars to add to that, enough to cover daycare or assist in daycare costs for a single parent, or to allow someone who works three jobs to now be able to to work two instead. It’s no secret that ten thousand more dollars per year would be helpful to anyone, but for some it could be the difference between living on the street or not. Yes, ten thousand dollars is most likely not enough for someone to be able to afford their own apartment, house, ect. Even so, living with a roommate is preferable over living on the street.

The current tax policy in the United States is very confusing and it is very costly for our government to administer it. It is in the best interest of our country and its citizens to revise or replace our current tax policy.

Our current income tax system today is very complex, unfair, inhibits saving, investment and job creation, imposes a heavy burden on families, and weakens the integrity of the democratic process. It can't be fixed and must be replaced. The U.S. income tax code is a long and complex system. The income tax system is so complex; the IRS publishes 480 tax forms and 280 forms to explain the 480 forms. The IRS sends out eight billion pages of forms and instructions each year. The administrative costs of the tax system far exceed those borne directly by the IRS. Each year Americans devote 5.4 billion hours complying with the tax code, which is more time than it takes to build every car, truck, and van produced in the U.S.

The supporters of the Flat Tax system are quick to point out this system's attributes but not as quickly as the criticisms by those who oppose it. The filing of taxes each year would be much easier because there would be one set rate to pay. This type of system also discourages, and makes it almost impossible, to find and use any existing schemes that are present to avoid paying taxes. However, because there is a set rate at which everyone needs to pay, this system is quite unfair. Those who earn and have a lot of money should not pay the same amount as someone who has only a fraction of their wealth. The wealthier you are, the more you should pay because you can afford it. If there is a set tax rate it would be too high to some people and pocket change to others. A system like this also takes away many, if not all tax deductions. An event like this would cause irreparable injury to the middle class, who often times rely heavily on money they will get back from tax deductions.

I am not okay with middle class losing their money that they worked hard for. The wealthy need to stop being so selfish. If it continues to be the way it is then the middle class with probably be called poor and middle class will no longer be in the chart. Half of the united states are middle class people. People that struggle enough right now that are living off of paychecks after paychecks just not okay. The government need to stop putting taxes so high and making poor people pay more than what they should be paying, highing the taxes is not okay some people are immigrants or being colored, can only work with a certain type of job that could only pay so much. Not everyone will be in school for most part of life

If the government starts doing that it would be fairer because everyone is getting the right amount of tax based on their income. But right now the rich and poor have to pay the same amount of money and it doesn’t matter about their income. Right now the rich should not really care about the taxes because they are rich and it doesn’t matter to them. But the taxes do matter to the poor people because they have really less amount of income and a large amount of taxes will affect them. The government has all records of people’s incomes and other information, so if the government makes a rule that the people with more income pay more taxes and the people with less income pay fewer taxes, it would be much better. But the taxes go to the government and the government makes the America better by making newer roads, better environment, and

If the United States are going to tax people, then they should tax everyone fairly. Corporate welfare can be as close to those, who shouldn't receive food stamps, or people like panhandlers, who pay no taxes for the money they receive. According to Citizens for Tax Justice, “American Fortune 500 corporations are avoiding up to $600 billion in U.S. federal income taxes by holding more than $2.1 trillion” of retained profits offshore, which they identify as “permanently reinvested” to stay away from a tax liability. Millionaires and Billionaires as well regularly pay less in taxes than a middle class American. Huffington Post states that millionaires and billionaires benefit from tax loopholes, deductions, deferrals and other types of accounts. This show’s corruptness and unfairness because the 1 percent continues to profit while the 99 percent pay most of all the taxes. The 99 percent of the people struggle to pay the bills while the 1 percent worries about what sports car they will buy next. In addition, when Wall Street fails, the taxpayers have to pay for their damages. For example, Millions of taxpayers lost their jobs due to the 2008-2009 Wall Street collapse, yet they are unwilling to pay additional taxes to pay for education and healthcare for the people who bailed them out. The United States should eliminate corporate welfare until they agree

Income inequality has been a major problem facing American society for decades, but has recently become a major concern. I personally believe the major gap between the income of the rich and poor is a not just, but is not a major concern for the government and society. If the Federal Government addresses other major concerns facing American citizens the inequality will be adjusted due to other changes. The government needs to step in and adjust minimum wage and public education. If the government