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Friday, August 24, 2012

Role Reversal Rich Paying Poor


The rich should give a little more, to give to the poor. At least, that’s what President Obama is currently arguing. I’m not sure at all where this is even “fair.” Giving handouts sounds more like communism or socialist than capitalism to me. Putting everyone on the same level has been tried numerous times and has failed each time. Germany, the Soviet Union, and North Korea are a few of the countries where communism and socialist views haven’t worked or aren’t currently working.

The American people should be able to spend their money how they want to spend it. In America, everyone has equal opportunity; it’s just whether you strive to take advantage of the options we have. For instance, Oprah Winfrey was raised on a farm by her grandmother, but she allowed her circumstances to be her motivation. The results mounted to a net worth of over two billion dollars.

The rich don’t pay their fair share of taxes is the claim Obama is making. In 2009, the top 1% of tax-payers paid 22.3% of taxes and they only received 13.4% of their pre-tax income. The top 20% of tax payers paid 67.9% of taxes. The bottom 40% only paid 4.1% of the federal taxes. Obama’s tax increases would significantly harm small businesses because they are the nation’s biggest job creators.

Many Americans are outraged that Obama is trying to force the upper class to pay even more taxes with the current statistics.

An angry commenter, Jerry, stated, “What I don't understand is why should I pay my "fair share" if I never get my "fair share?" Why should I pay taxes for government "services" that I neither want nor need? It seems that I am just a cash cow for the people riding the government gravy train. This makes me a tax slave. The Left says that it is "noble" to help the "disadvantaged." I would like to know what’s so noble about slavery.”

























Other Information:
What percent are you?
Effects of Tax Increases
Myths and Facts about Taxes

Sources:

Crabtree, Susan. "Rich must pay more taxes, Obama tells voters." Washington Times. N.p., 10 July 2012. Web. 20 Aug. 2012. <www.washingtontimes.com/news/2012/jul/10/rich-must-pay-more-taxes-obama-tells-voters/>.
Dinan, Stephen. "CBO: The Wealthy pay 70 percent of Taxes." Washington Times. N.p., 10 July 2012. Web. 20 Aug. 2012. <www.washingtontimes.com/news/2012/jul/10/cbo-rich-pay-outsized-share-taxes/>.
Nell, Guinevere. "CBO Report Confirms Rich Already Pay Their "Fair Share"." The Foundry: Conservative Policy News Blog from The Heritage Foundation. N.p., 12 July 2012. Web. 21 Aug. 2012. <http://blog.heritage.org/2012/07/12/cbo-report-confirms-rich-already-pay-their-fair-share/>.
"Oprah Winfrey Interview -- Academy of Achievement." Academy of Achievement Main Menu. N.p., 13 July 2012. Web. 25 Aug. 2012. <http://www.achievement.org/autodoc/page/win0int-1>.