Is it Moral?
Fair Share
Is the rich really paying their fair share?
How much is the rich paying? The list below will help to illustrate.
The top 1% pays 38.02% of the total income tax shares
The top 5% pays 58.72% of the total income tax shares
The top 10% pays 69.94% of the total income tax shares
The top 25% pays 86.34% of the total income tax shares
The top 50% pays 97.30% of the total income tax shares
This is shocking the bottom 50% pays only 2.70% of taxes
Now of course the rich will always ending up paying more but I can't stand it when people whine that the rich isn't paying their fair share. According to the Tax Foundation that uses IRS data the rich is paying well above their fair share.
Pre-1930s
Some groups of people say we need to tax the rich so that we can help the poor and elderly. Forcing groups of individuals to help the poor and elderly is not really helping because the poor will not be productive in society because why would they want to work if they can sit in front of the TV all day and eat chips and receive money for being poor. The only people that deserve to live that way are the ones who made it from poverty to wealth. I'm not saying people don't have the right not to be productive but don't do it on the backs of the rich. Before the the whole government welfare came about in the 1930s, their were groups that were private welfare programs and private unemployment insurance. The poor of our nation use to rely on private welfare programs, private unemployment insurance, churches, and many other organizations.
Ripple Effect
Another thing about taxing the rich. Has anybody in this nation have been hired by a poor person? No, the poor are employed by richer people. Those richer people are hired by the rich (millionaires and billionaires). The more billionaires there are the more millionaires there are and the richer the nation becomes. Billionaires invest their money into companies that are controlled by millionaires which employs the middle class. Some people of the middle class will start businesses that will hire the lower class, like local restaurant owners, gas station owners and many other small businesses. I my self am part of the lower class of society and I do lawn care for people. They of course have enough money left over to be able to pay for my services. If we tax those who have money then I'm out of lawn service jobs or a reduced number of them.
Could Government take that money and just give it to the needy of society and still have a thriving economy? No, why would the rich do work at all if they are being taxed too much. The rich are rich so they could use their resources to live off of for the rest of their lives. The lower class will also be unproductive because why would a lower class citizen work if they can get stuff for free.
Note that I'm not saying all people of the lower class are unproductive but when people are giving the option of either working hard or vote to not to work hard then typically people will do the simple voting for a candidate that will give them stuff. Also I'm not saying that all the people who receives benefits from government aren't all the entitlement class. Entitlement class consist of people who don't want to work hard but want to live a good life on the backs of the rich.
Summary
Taxing the rich to give to the lower class, the poor and needy isn't going to solve the problem. What will solve the problem is unleashing the private sector to create companies with little government interference so that the lower class and poor will work productively and the truly needy will be helped by churches and non-profit organizations.
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