Saturday, September 3, 2011

Stop Coddling the Super-Rich

Alright..here’s the thing..the rich are going to be rich no matter how much they pay in taxes. Warren Buffett is absolutely right when he says that it is actually time for the government to start taking “shared sacrifice” seriously. It only makes sense that if you have money you can afford to give some away. It may be hard to believe but nearly half of Americans consider themselves to be middle class. And the worst part is, they are actually struggling to remain in that social category. When a whopping 50% of the country only has enough money to pay bills and buy their weakly groceries, they cannot and should not be expected to pay what they are paying. Mr. Buffett tells us that while he is paying only 17.4% of what he makes to the government, the normal, middle class, American citizen is paying double that percentage. Sure the numbers are going to be very different seeing as taxes are based off of what you make, but that doesn’t mean they are fair. To me, it doesn’t make sense that while the rich actually have the money to keep the economy going, the government isn’t asking for it. In all honesty, the rich should be taxed just as much, if not more than the middle class. Warren as well believes that a graduated income tax is necessary for this country. Depending on how much you make; the more it is, the more you pay. The less you make, the less you should be expected to contribute. It seems to be a huge problem that has one simple solution. The government should want to be taking more money from those who can afford it; especially if they are now expected to reduce the 10-year deficit by 1.5 trillion. And as Mr. Buffett states: the mega-rich appreciate everything they have been given by this country, they definitely won’t mind giving a little back.

1 comment:

  1. You go girl, tell em. But yeah i agree the rich have the money to spend. If they can afford to buy mansions and expensive cars, they can afford to pay higher taxes.

    ReplyDelete

Note: Only a member of this blog may post a comment.