Posted by
Simple Guy on Saturday, July 12, 2008 10:17:42 AM
With all that’s going on with the mortgage problems today, and the desire by some to have the government bail out those in need, I’d like to address taxes in today’s blog. Here’s the question of the day:
Should the rich pay more in taxes?
The fact that this question is being asked frustrates me to no end. There is an incredibly simple answer to the question: They already do! Unfortunately, so many of America’s lawmakers have so many Americans buying into a great lie.
I’m far from being a rich person, but I sure champion their cause, because in championing them, I’m championing the causes of fairness, capitalism, democracy, and the right of every one of us to dream big and to go after those dreams without being held back by some government bureaucrats who so often want to decide how big my dreams should be.
I’ve never understood why a graded income tax was ever established. Whose right is it to say that if I make $500,000 a year, I don’t need that much money, so I will be penalized (which is essentially what a graded tax system does) by paying a higher percentage of my income in taxes than the person who makes $35,000 a year? If the wealthier are taxed at the same percentage rate as the middle class, simple math says that they will already be paying more because they make more (I won’t address the issue of loopholes here). Why should they pay more, then more still by being in a higher percentage bracket, simply because they happen to have worked their backsides off (in most cases) for years to get where they are? And even if they didn’t work hard to get their money, it’s not the business of the government or anyone else to tell someone how much is enough.
It’s as if there is a misguided belief in the air that assumes that if the government doesn’t take more of a rich American’s money, he or she may spend it on something frivolous. No politician comes out and says this, but what other logic can there be? Again, it isn’t any of the government’s business how any one of us spends our money. On top of that, the money spent by the rich, in whatever way they wish, is money flowing back into our economy—something that benefits all of us. And if the wealthy choose to use it for some great cause like donating to the needy or investing in a business that can provide jobs for Middle America, then even better. THE RICH HAVING AND SPENDING A LOT OF MONEY IS GREAT FOR AMERICA, and no one should hinder their acquiring of wealth. And as a side note that most conservatives already realize, can the government really be trusted to put that money to better use?
We’ll talk more about this in tomorrow’s blog. As usual lately, most of these thoughts are detailed in my book that you can find at www.just2simpleguys.com. Have a great day all.