Should the wealthy be expected to contribute more to government?

Question

I.e. pay higher or additional taxes

Does an estate tax only on the most wealthy seem ethical to you?

Answer 1

Well, in an ideal world we would all contribute to our country equally as in the same percentage taxes for everyone. This is not a realistic thought though. Obviously some people have and make more money than the rest of us, but should that mean that they should carry our governments finances themselves? Not at all. Punishing someone for being successful is rediculous. I do feel, however, that those with the money should willingly contribute more. I am no where near wealthy, I am a Marine, so I have no idea what it is like to be rich, but what does having all that money in the bank do for you? Take Bill Gates for example; he has billions of dollars in his accounts. I understand wanting a cushion so if something catastrophic were to happen to all his companies and stocks he could still have plenty of money to pass on to future generations of his family, but there is way more than what is needed for that cushion here. My belief has always been what good is having money in the bank when there are people around you who could have smiles on their faces with a little help from you.

Answer 2

That would be unfair wouldn't it? I mean why should someone have to pay more than their fair share unless of course we are in a communist country.

Look there are many ways to pay the bills without using a progressive confiscatory setup. You do know that progressive and socialist are interchangeable in todays politics. The primary problem with the progressive tax are the break points, the second highest rate, for the "rich" starts at $40K and I can tell you emphatically that is not rich, the highest tax starts at $70K or $80K. If the socialists wanted to soak the "rich" they need to pick a number that has at least six zeros, but now you may understand, it is not about soaking the rich, it is about getting as much of YOUR money as possible without you knowing while they lie to you about soaking the rich. You know it took me ten minutes to figure out the lies, and I cannot understand why everyone in America making between $40K and $80K are not voting republican since the Dems are lying and stealing from them.

FAIR tax is fair, a National Sales tax is fairer, even a FLAT tax is fairer and all could be set up so the bottom earners are "GIVEN" something. But if you consider that the amount of money gained by a progressive tax is realy false because that money is taken out of the free market and put into the black hole of government.

Never forget that money works, it does not just sit under the mattress of some billionaire, it is out in the economy working, spreading and sharing based on each individuals efforts and contributions.

Sorry forgot, the death tax is stealing money, that money has been tax more than once already and to take 50% of it is criminal, it is hurting small business owners and entrepreneurs. The single largest cause of bankruptcy in family owned businesses, which produce about 60% of american non government jobs, is the father dies and the kids cannot pull enough cash together to pay the DEATH tax and they have close the business, and put all of the employees out of work, THIS IS CRIMINAL

Answer 3

No. The estate tax is an infringement of ones freedom and entails the confiscation of personal assets. All Americans should be concenrned abouth the rights of others being trampled, especially law abiding citizens who have already paid the overwhelming majority of taxes to government for most of their lives.

The top 1% of taxpayers are already contributing >35% of federal income taxes. The top 5% already contribute >55% of the total. I would say that is quite enough, considering that the bottom 50% of wage earners contribute <5% of federal income taxes.

All Democrats should be required to tell these facts (provided by the IRS) to their constituents before fanning the flames of class warfare. This tactic is despicable and Americans need to be more educated about the facts.

I am sure most would be shocked to learn that income tax receipts have increased by >10% since the despised (by Democrats) "tax cuts for the rich." It is about time that Democrats stopped thinking so arithmetically (simply) and took lessons in how tax policy really works.

I have said it before: Strangle the goose that lays the golden eggs and all will suffer.

Answer 4

The CRA maximum actual did make a contribution to the catastrophe that passed off the financial establishments. What those government courses "seek for" to do and what they many times finally end up doing are 2 countless issues. you may no longer run a good lending employer lending money to people for any reason different than that they qualify for that own loan or in different words can locate the money for to pay it back. no rely how properly intentioned the DRA develop into, it brought about lenders to grant mortgages to those that weren't qualified. Then the government went directly to make it worse by potential of organising Fannie and Freddie in this kind of trend that they have got been hybrid businesses that have been neither truly inner maximum nor public. This exempted them from a good number of the oversight they might desire to have gained and allowed them to function money cows for the Democrat social gathering. In essence what Fannie and Freddie did develop into assure undesirable loans with taxpayer money. the backside ultimately fell out and that's that. This catastrophe is obviously a advent of Democrats with Republicans asleep on the swap. Congress has the capacity to declare conflict. *

Answer 5

Yes, it seems ethical to me. It doesnt make sense to have a worker earning $15,000 a year paying the same percentage of his/her income as a worker making $150,000. The $15k worker needs more of their money to get their basic needs met, whereas the $150k worker is getting his/her needs met handily, and can spare more. Thats how its done in the UK

Answer 6

Everyone should pay the same. 20% of your income. No refunds in April and you don't have to pay more as well. Its been proven this would bring down the national deficit in no time and we would have a surplus forever. They would pay more for making more.

Answer 7

No. They already pay higher taxes than you and taxing the money they have left over when they die is just wrong. Maybe if everyone had to pay a death tax.

Answer 8

They already get billions in tax breaks .... I think we all should be taxed the same amount.

Answer 9

Yes, of course, they have more to lose. Therefore they should pay to keep it secure.

Answer 10

Government should be run on import tarrifs and user fees only.

Taxation is theft.