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Why not tax the rich more?
They earn more. A lot more.
7 Answers
- ?Lv 78 years agoFavorite Answer
Obama's opponents won't allow it.
It was something Obama was proposing along with an economic expert.
- thanatos_azraelLv 58 years ago
Income doesn't equal Wealth
Warren Buffet for most of his career had an income of $1/yr
Bill Gates made less than $500,000 per yr
People that earn more already pay more in both amount paid and in percentage of income paid in taxes
Truly wealthy people pay capital gains which is taxed at a lower rate since the money used to purchase the capital was at some point in the past taxed as income
- Anonymous8 years ago
Because this is America. We don't need class warfare. If they pay more they can call the shots. Also why should we punish success?
1 tax rate, or a fair tax system.
1 vote per person.
1 nation under God.
If we had the fair tax this would eliminate all corner cutting, working for cash, and it would run smoother. Look it up.
- Anonymous8 years ago
How much would you like to tax them? 100% enough? If they did that everyone making over $500k it would only bring in about $1 Trillion. That doesn't even cover ObamaClause's debt for one year.
There are 200 million taxpayers in this country, and half of them pay no tax at all. I think everyone could afford just $100, don't you? That would bring in $1 Billion. Isn't that fair?
- ?Lv 78 years ago
They already pay a higher rate which means that they pay more.
Why does the government deserve to loot more of their earnings? What did government do to get in their good graces? And if government is in good graces, shouldn't non-taxpayers like you do something to produce to the "greater good" that is the government?
Source(s): You're Welcome! - Anonymous8 years ago
Ha! Wealth envy strikes again! Get a better-paying job if you're that jealous.
- Anonymous8 years ago
i know, they wont starve.