Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Wouldn't it be a good idea to tax the rich now and even things out with the debt limit increase?

Republicans and Tea Baggers "Smart" Recovery List:

1) Renew bush tax cuts (didn't work)

2) Cut spending by cutting jobs (raising unemployment percentage)

3) Cut more jobs (still not working)

4) Cut even more jobs ( still not working)

5) What's next Republicans and Teabaggers??????

6 Answers

Relevance
  • James
    Lv 6
    10 years ago
    Favorite Answer

    Tempted to report you for your double post on this but can't resist telling you how badly you need to go into business for yourself. IF you've actually read the comments on the last time you posted this, try doing some real research on spme FACTS about how the money system works in a free enterprise system. Hose who actually work for a living would like to keep having jobs and if he taxes on the job producers goes up, not only will the market crash but will have to close altogether in the U.S. just as it has in other countries from lack of trading. Then the jobs tat do exist now will be gone along with the " rich" peoples $. Then where will the middle and poor be? Right back where we were before te revolutionary war. Two classes, poor or rich. Period. As Thomas Jefferson said, it's time for the people to revolt against the tyranny of the government.

    Source(s): Facts about economics. You don't cut off the hand that feeds you.
  • Anonymous
    10 years ago

    because it wont even things out. taxing someone just because someone is successful in this country only shows the socialism and unfreedom of the country. im sure our countries motto is not 'lets attack the successful in this country. that would just not make sense. and on your point about bush tax cuts. yes it does work. Obama wants to tax people making over 200,000 dollars a year. hellloooo! do you know how much it takes to start a buisiness and pay for electric and all the supplies per year. thers so much going into it and most importantly PAYING THE PEOPLE THAT WORK FOR YOUR BUISINESS. you realize that taxing those buisiness owners may not affect you or your supplies but it may require you to budget and lay off workers. so taxing big buisinesses is only hurting our economy and hurting the people who need that money the most THE MIDDLE CLASS. so i dont know which side you are on but im on the FREEDOM SIDE OF THINGS. taxing should be the same for everyone to insure that this is not a socialist country and to help buisiness. all the rich men in the world couldnt pay off our countries debt and instead of taxing the rich we need to focus on what got us in this mess in the first place GOVERNMENT SPENDING. so yea in the governments brain they say oh lets tax the citezins of our country to pay back the debt that the government caused. I hope i cleared that up a little bit for ya

    Source(s): my brain
  • 10 years ago

    You are never going to get the money from the rich. They will NEVER allow it. The rich will always find a way to protect their money from the rest of us. Who puts the politicians in Washington. Who do the politicians owe the biggest favours to. Who owns some of the politicians. Hell, the Bush family was owned by rich people who were not even American citizens.

    The only way to get money from the rich is to work for them at minimum wage or to rob them. And they have the people who control the Armed Forces in their pockets.

  • 10 years ago

    If tax's go up, it should go up for everyone.

    But one of the problems with over taxing the rich is they have the money to move there business to other areas of the world. And then the govenment don't receive anything in tax.

    It's a quite tricky to get right

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    10 years ago

    It would be a good Idea but unfortunately the Tea Party would not allow such actions to pass. The Tea Party would make another Appearance in Washington.

  • ?
    Lv 5
    10 years ago

    You could tax the nation at 100% and you still couldn't repay the debt. its mathematically impossible

Still have questions? Get your answers by asking now.