Sunday, September 4, 2011

Stop Coddling the Super Rich

When I started to read into this article, the obvious question came into my head about how it's even possible that rich people pay less taxes then say someone in the lower class, or even middle class. The system seems very unreasonable, and it's easy to get frustrated about, but then I thought about how the rich, the millionaires, and the billionaires don't just become wealthy over night. Whether you work as a fry cook at McDonald's, or you're the CEO of a huge company, everyone works hard to earn money; some just harder than others. I'm not saying that billionaires and millionaires should still pay less in taxes, and I completely agree with Buffett in that they should be paying more. If the average family didn't have to pay so much in taxes because the rich had to pay more, I'm sure it would take a large amount of financial stress off of lower and middle class families. As Buffett said, "While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks." There's nothing fair to this, and hopefully the twelve members of congress meeting to rearrange the finances of the country can straighten it out. I'm sure that most families wouldn't argue against it, and I can bet the fast food fry cooks wouldn't either.

1 comment:

  1. But the fact is that most of the "super-rich elite" gain thier wealth either through inheritence of a fortune or through manipulation of money (such as investments, playing the stock market, etc). It goes without saying that it's much easier playing the stock market than working a blue collar job everyday.

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