wealth redistribution

[odooley6985]

Originally Posted by scotty

Actually its pretty simple.

First off, the middle class do not pay more taxes than the rich, IN MONEY. Only in percentage. Millionares pay hundreds of thousands of dollars in taxes.

Secondly, the rich, ie; executives, are mostly business owners and investors. If it were not for thier business investments, the middle class would have no job.

Lets try economics 101. Give the rich tax breaks , especially business owners. The rich reinvest their money into their business or other business. The business expands. The expansion requires construction, purchases, further investment. That creates jobs. The middle class now have jobs and thus they prosper. They spend their prosperity putting money back into the economy. To make up for the middle class purchasing goods and services, business then have to expand and the cycle repeats itself.

On the side you now have more people in the workforce which creates more tax revenue. You have more consumer spending which creates more tax revenue.

Its just that simple.

On the other hand, if you raise taxes on the rich;ie business owners and investors. They cut back, stop expanding, stop investing. Jobs are lost. Which means no tax revenues. So the government has to raise the tax rate to compensate. This is what is happening now.

So instead of raising taxes, if they would keep them low and allow businesses and the economy to work on its own, we would be ok.

Look at places where they have jacked up the tax rate on the rich and big business. The rich and big business are leaving. California.

The government is trying to fix something that :

A. It can't fix itself. (its own finances are a joke) Its like hiring an account who is bankrupt to take care of your finances.
B. Was never created to fix.
and C. Has a terrible track record for their past attempts.

Again you have no data or actuall facts to back up "Lets give the rich tax breaks so us middle class peons can keep our jobs." That way of thinking is outdated and false. The only people who think that way are the Fox News people of the world. Again, so if the demand for their product is high, someone will close their business due to high taxes? Like I said, business owners have a long list of deductions they can take for their business. Demand creates jobs.