Monday, September 19, 2011

Taxing the Rich Benefits the Rich

People opposed to taxing the rich don't understand why it is such a fabulous idea.

From a BBC News article:
"This administration's insistence on raising taxes on job creators and its reluctance to take the steps necessary to strengthen our entitlement programmes are the reasons the president and I were not able to reach an agreement previously, and it is evident today that these barriers remain," (House Speaker Boehner) said.
Let us assume that the rich are the job creators. I don't buy into this but millions of the citizenry do. Rather than argue with them we will, for argument's sake, play along.

The rich, as mythically heroic job creators, currently don't have a need for all of the workers available. They benefit from having such a large pool to pull from. So it's only fair that they pay for this benefit since they have the means to do so. They can pay for people to sit around waiting until the job creators have need of them for their next adventure. They can pay to keep them healthy since debilitated job applicants would do them no good should they decide to create some jobs. They can even pay to educate them so when they create those jobs they have the best possible pool to pull from. They can even pay for people to sit around and do absolutely nothing because it is cheaper to do that than to finance the criminal justice system that will have to deal with those whose options have completely run out. Ten years obviously isn't long enough for the rich to create those jobs they were talking about. Let's give them more time to hatch those grand ideas that will turn into jobs for people by having the rich pay for people to wait it out.

A little wealth redistribution can go a long way. Help the rich help themselves. Demand higher taxes on millionaires and corporations!

1 comment:

List with Laszlo said...

The devious part of this whole idea is that the rich have "income." They don't bring home a paycheck like us. Most of their wealth is on paper until they use it...then it's a tax write off.

A universal flat tax would be the best, most equitable way to tax. Everyone would pay an equal percent, rich or working class.

Trickle down, never trickles down.