War of Wealth

Money War

Class War

Recently President Obama has been accused of trying to start a class war by wanting the rich to pay more taxes.

Why did I not hear this when he paid billions of middle class tax dollars to bail out the Banks and Wall Street?

Unfortunately, in the world today, it is money that talks or at least, it is the voice of money that is the only voice that is heard.

In the media, the silence of the low and medium income is almost deafening, yet when one whisper is made by money, the media are clambering to find extra space.

If there was a war of classes, as the media are owned by the rich, it is difficult to see how they could remain impartial messengers of the facts, if that is what they currently are.

Politicians

Their Party
Their Party
Their Job
Their Job

Politics

Basically there are two political points of view.

One is that bigger taxes should be paid in order that the government can pay for what the people need.

The problem with this is that many think that the government is unaware or unconcerned about what the majority of the people really need.

The second view is that minimal taxes should be paid, thereby leaving the money with the people, to spend it on what they really need.

The problem with this is that too many people do not have enough to buy what they really need.

In reality, either system could probably work if administered correctly.

The real problem is that politicians bicker so much between the two policies; they leave themselves no time to do the job they were elected to do.

Income Tax

Share
Share
Equality
Equality

Taxes

The wealthy claim that they are the ones that create jobs and wealth, therefore they are already doing their part for society.

What they conveniently forget is that, if it was not for the tax dollars educating the people, the rich would not be able to find competent staff. The staff could not make it to work if not for the tax dollars maintaining roads and public transport.

They also forget that, if it were not for the lower paid in the mining, farming and energy jobs, they would not have the raw materials with which to create or expand a business. That is not to mention the fire and police that protect their interests.

No one in a country is an island; everyone in some way is dependent on another.

With the exception of perhaps gardeners and maids, people do not employ people, businesses employ people.

The rules for personal income tax should therefore be etched in stone or at least the constitution.

Personal income tax should be set at a rate of “x” for all earning above a figure “y”. The “x” being the same regardless of amount of income.

Each administration can decide on what the “x” and “y” figures should be but must always be applicable to all evenly.

There should be no chance of “loop holes”, therefore no tax relief on personal income.

Tax relief is currently, possibly given to those with children in education. That should stop, let them pay the income tax and let the government pay any part of the education bill that is applicable.

Businesses employ people and so the rates of business taxes can reflect employee recruitment numbers.

The rate of income tax should reflect that all in a country are equal and equally share in its responsibilities.

We are always told that business is not personal, so let’s keep it that way, do not allow any business to affect any person’s rate of income tax.

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Comments 5 comments

Credence2 profile image

Credence2 5 years ago from Florida (Space Coast)

I hear you rafken, class warfare is said to have a foundation in the tax structure. I always said that class warfare is ongoing and is as old as the pyramids. The middle class needs to win a skirmish or two in this war.


f_hruz profile image

f_hruz 5 years ago from Toronto, Ontario, Canada

When 25% of a nations resources go to the military and ordinary folks are not up in arms to reduce it drastically, one has to ask why ...

Why aren't most income earners raising their voices for more and better education instead, so kids don't have to look for a free education and a job in the military only to be shipped off to some place as cheap cannon fodder?


PenMePretty 5 years ago from Franklin

Two thumbs up!


PETER LUMETTA profile image

PETER LUMETTA 5 years ago from KENAI, ALAKSA

I think as you have so clearly shown the problems in this country are manufactured by the politicians. They are easily solved if they want them to be. So they must not want them to be solved because how would they make their graft and get votes if we soved all the problems? A Good look at the real problem, Thanks,

Peter


HSchneider 5 years ago from Parsippany, New Jersey

Excellent analysis Rafken. Both sides have arguments to make but the Right has gone too such extremes that the middle class is now in great danger of disappearing. We now need both spending cuts and an elimination of the Bush Tax Cuts. This will bring more balance to our economic system after a decade of an extreme transfer of wealth to the upper 2%.

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