The US Tax System

Decent Essays
In the article, “The US Tax System: Who Really Pays” by Stephen Moore, he justifies his belief that there is little to no correlation between economic mobility and equality. Moore delivers his reasoning by contradicting relatively popular statements where some are virtually untrue and others are merely common opposing viewpoints. However, in the end Moore concludes his argument with the belief that raising the taxes on the wealthy would not help the poor’s income mobility, which I support one hundred percent.
In order to begin, one needs to clarify that life is not always fair and that is not how the world works. As children, we were raised with beliefs that equality exists, everyone is equal and fair, and to treat others how you want to be
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The tax cuts actually allowed the economy to grow because it called for more employment opportunities and increased consumers spending. The deficits that are inflicted upon government now, are the results of overspending the budget each year, which is adding to the national debt and the incurring growth of the deficits.
Also, the statement, “A higher capital-gains rate would just level the playing field” is taken from a skewed view of where some of the rich get their income from. Although, as Moore explains, he justifies that even though, capital gains and dividends are taxed at a lower rate, it is a tax that is on top of corporations’ taxes.
In total, Moore summarizes his reasoning that increasing taxes upon the wealthy has no correlation with increasing the income mobility for the poor; instead, one has to come to the understanding that economic mobility and equality do not go hand in hand. I agree with Moore in that increasing taxes for the rich and only the rich will destroy our nation and probably lead to a recession. Also, raising taxes on the rich will not improve income mobility for the poor, but instead, it might leave our nation in
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