03 Oct advantages of taxing
Rich people should pay more taxes
Rich people do have the capability of paying a lot of wealth. They are very few in the
community. In comparison to the poor and the middle-class earner. Americans do want the
rich to be taxed more.76% of all the registered voters in America to support the notion that the
rich should be taxed more than the rest. Democrats have come up with a new bill proposing the
doubling of taxes for the rich in the society (Bouguignon, 2016).
The studies will seek to unravel the advantages of taxing the rich more than the rest in the
community. It brings about economic sense. Taxing a higher tax to the poor will help fund
programs for the poor. This money allocation from the double taxation will be redistributed to
the economy. The GDP of the economy will also go up.
To promote fairness. The rich cannot pay the same amount of money as the poor. This is
because the tax paid by the rich will cater to the t little tax paid by the poor to boost the
economy. The government will be able to provide housing for the poor as well and provide
social amenities such as education and health.Taxes are already too low in comparison to the
past Support. People may think that their taxes are even high, but in a real sense they are still
low. The new reform bill for taxation in America will help in the raising of taxes among the rich I
the society. An attempt to once have a tax cut on the rich in the society had led to an increase
in the national debt.
Opponents may say we should not tax the rich at a higher rate. Society people should be
able to keep as much as they earn, so they have earned is theirs but not for the government for
redistribution .It is more to pay taxes it is, therefore, important to have all the rich be taxed
more than the rest in the community. this is because taxing the rich more will bring about
fairness, it will have an economic sense, and their taxes are already too low. The best thing is
to have moderate taxation for the rich and not taxing them too high, so not to discourage
them from even working more.
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