Essay On Lower Class Taxes

" This shows that the tax cuts for the wealthy class of America allowed them to invest into businesses. With all of the investments, companies would be able to expand and pay their workers more money. With more money, workers can buy good from other companies, thus creating a chain reaction that would benefit everyone, The wealthy can continue to invest and once they sell their stocks, they can turn a profit. The workers get paid more which means they can buy from other businesses. Of course, the large amounts of investing that people did during the 1920s also had a bad effect as it created an economic bubble.

They pay more than 70% of federal income taxes.” On one hand, some experts think rich shouldn’t be taxed more because somehow the money was earned. Rich people worked hard to earn it, and their work should be valued. On the other hand, most people think that rich should pay more tax because they get more from the government. Is it ethical and rational to tax more on rich?

Should America implement a flat tax? According to Steve Forbes “For many years, people have said, ‘Make the rich pay more,’ and many politicians have said, ‘The rich people need to pay their fair share,’” (Forbes) but what do we think is really fair?

“Americans think the U.S. economy benefits when big businesses or small businesses make a profit, although, by 84% to 64%, more consider small-business profits helpful”(Saad). Although those are some supporting facts for large businesses in America, they are too powerful and too rich. In the past and even in present time large companies generally hurt their consumers and workers. The main focus for businesses is to make money off their customers.

The most affluent citizens have more influence and they also hold disproportionate political power. In other words, when income distributes unequally and is concentrated in the hands of a small number, political power often skews in favour of these wealthy groups. Owing to this, they can persuade politicians and lawmakers to implement policies that favour them, whether it’s done legally or in corrupt ways, whilst correspondingly hurting the rest of society. For instance, despite having a progressive tax system in America, in which tax rates are larger for high-income earners than it is for others with lower wages, the most prosperous people seem to pay less tax. Consequently, this leads to a reduced amount of tax revenues and less money able to be spent on education, health, transport etc.

Neoliberalism is the main cause of the difference between the rich and the poor in the states. It expanded the market efficiency by competitions between individuals, raised a gap between the rich and the poor. Rich people are becoming much richer based on their original properties while poor people are becoming poorer and suffer great economic problems in their lives. This does not only happen between individuals but also between companies. The unemployment rate increased because of neoliberalism.

Another argument is that immigrants are a huge part in Americans economic growth. Some people argue that them increasing our population is a good thing. Also, payed taxes increase social security and the expands the federal budget. They cause for the economy to boost and their culture expands along with ours and people get to experience different cultures. If you go to a hospital, there are a good bit of the doctors and nurses that are of a different ethnic group or immigrants as we call them.

The point is, all we know is that someone will pay these dues through taxes, and the uncertainty of who will carry the burden is not making many Americans comfortable. By negating the large bill of a college education, we could see an increase in the number of students able to attend college. This then creates a more well-educated workforce and a population that has better critical thinking skills. This could lead to more innovation in all areas of society.

”Most people cannot afford to pay for someone to watch their child for eight to nine hours a day if not more. There are a lot of very wealthy people in america, the government should raise taxes for them so they can pay more so they can stop looking for the middle and lower class people to pay such high

Like if someone had the money they would be working off of someone else's hard work. Also then if there was free college then there would have to be higher taxes. Then if there were more taxes than people would be living on the streets. On average when people pay their taxes from the beginning of the year to the tax day that when people can usually have earned enough money that year to pay them. There are some lobbyists’ in congress who are trying to influence both the public and the congressmen to send a bill to the floor that is the doing of a left wing extremist with a lot of money.

More companies could increase their salaries. You could be hired for a job, and earn twenty dollars an hour at minimum wage. The great recession will end. The economy will rebound and be better than ever. But, what if we did tax the rich.

In the early 1980s, the American people elected Ronald Reagan as President of the United States of America. Many people claim that Reagan was one of the greatest presidents of all time, while others believe that the country would have been much better off had Reagan never been elected. Regardless of their political preferences, it is undeniable that Ronald Reagan changed the world in the 1980s and his work as president will be forever remembered in the countless books of history. Ronald Reagan ran as a Republican and was the absolute type of a conservative.

Another reason Rome fell is because Rome grew too large. Rome included so many different lands and people, it started to add even more problems for Rome's economy. When Rome's expansion slowed, other conquered lands and people couldn't be part of the Empire, making them not under Rome's control. When the Emperor tried so solve the problem by raising taxes, normal living citizens couldn't pay for them and became poor. Soon Rome became too big and couldn't pay for itself, so when it couldn't pay for itself, it couldn't control itself.

Democrat or Republican? I am a democrat. My first reason why I support the democratic side is because I believe that the wealthy needs to pay more taxes. My second reason is that I believe in quality, affordable healthcare.

This act might also be proven as effective because it is very similar to the cigarette tax, which showed that “the trends in cigarette prices and overall U.S. cigarette consumption from 1970 to 2015 show that there is a strong correlation between increasing prices and decreasing consumption” (TobbacoFreeKids.org). This clearly indicates that the market is willing to let go of particular items if there is an increase in prices. Statistics showed that after the tax on cigarettes, “that a $1-per-pack increase, which is similar to what the President has proposed, would result by 2021 in 8 percent fewer smokers aged 18-24, compared to current law” (Marr). Even a product like cigarettes, which is highly addictive, people were able to say no when there was a shift in costs. The SWEET Act is feasible because it has an overwhelming support group behind it, these groups include “American Heart Association, American Public Health Association, California Center for Public Health Advocacy, California Pan-Ethnic Health Network, ChangeLab Solutions, Consumer