Because they make the laws on WHO to tax, so often they will not want to increase their own taxes.
In the US, the wealthiest 1% of pay 37% of the income tax , though they earn just 19% of the income.
The top 10% pay 68% of the total. The bottom 50% earn 13% of the income and pay 3% of the taxes. So it doesn't seem that difficult.
When you place heavier taxes on the upper class, it does not give people any incentive to work harder. Why would you want to work harder and make more money and end up paying more taxes? There needs to be a balance.
Let's ask a different question: why do the rich have the obligation to bail us out when our politicians spend recklessly?
Since the New Deal, politicians from both parties have used deficit spending to fund the programs that generate political support from their chosen constituencies. Rather than spending based on the total annual tax revenues (or even projected revenues), our "leaders" in DC decide what they want to spend first and then look at how much we'll have to borrow to make it happen. Of course, the realization of how much we must borrow does not slow down their spending plans.
Because the "rich," from one perspective, "can afford to pay a little more," we expect them to serve as the coffer for us to draw from when we are out of ideas. Rather than completely reform federal spending into a manageable and balanced approach, the politicians choose a minority of Americans that are easy to demonize with the rest of Americans ... the "rich" (of whom most politicians are members).
I understand that they are able to pay higher taxes, but the question we should be asking is this: even if the rich pay higher taxes, what will change with the way government spends our money? I don't see the rich as having the obligation to bail out politicians who manage money poorly. It's a convenient and romantic notion to suggest they should, but according to the Constitution, they shouldn't. Every citizen should have dual representation under the law, and that includes the Federal Tax Code. The "rich" already pay 80% of the federal taxes collected in a year. By that standard, they are already paying more than their "fair share." They don't have an obligation to pay more just because we want them to take our burden from us.
by Jesusjohn78 4 years ago
Everyone hates the "rich" and I do not understand why. I was always under the impression the American dream was to become successful and stay successful? SO why are we always trying to punish the rich?
by Leslie McCowen 13 years ago
"SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, “there’s class warfare, all right,” warns Warren Buffett. “But it’s my class, the rich class, that’s making war, and we’re winning.” Yes, the rich are making war against us. And yes, they are winning. Why? Because so many are fighting this new...
by SolutionC 11 years ago
Why do politicians think we are all dumb?Do we really need more laws? More government control? More Government Spending? So tired of Nanny State politics from all sides let the police protect & serve not tax motorists, Let industry compete on a level playing field. And most of all make...
by Billy Hicks 11 years ago
Why should the wealthy pay more in taxes?I posed a question this morning asking what people thought the "fair share" should be for wealthy Americans; specifically, what percentage they should pay in taxes, and I've gotten some interesting responses. Now I'll pose the flip side to that...
by ptosis 6 years ago
federal income tax rates history, During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent. (It was 92 percent the year he came into office.)What does it mean, though? For the duration of Eisenhower’s presidency, that rate affected individuals...
by nightwork4 11 years ago
if you could change one thing about your country what would it be?i don't mean things like the weather, but rather social or political issues.
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |