Should We Increase Taxes on the Rich
The Government is on a desperate search to put as many shekels as it can in itâ€™s coffer.Â Is raising taxes on the rich the answer?
Most people donâ€™t think so. AP conducted a poll to find out what the best solution was for the deficit problem. 62% think the government should cut spending. Only 20% think the solution is tax hikes. Also, in a recent Investor Business Daily poll, 92% of Americans think itâ€™s important to cut government spending. If we want to put something away for our future or startÂ saving money for a house, we have to make changes to our spending. Â Shouldnâ€™t the government do the same? Â Many of think they should.
But â€œweâ€ might be wrong. Maybe â€œweâ€ just donâ€™t understand. Letâ€™s take a look at the numbers to determine what the best course of action might be.
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Another conflicting topic for me. Â 50% of the population pays almost 100% of the taxes seems somewhat unfair, but there are many ways to cut this cookie, and while I have quite a bit to say on that, I won’t go into it here. Â I think the government isn’t particularly doing a good job with the cash it takes from us, and while a large percent of taxes the overall taxes collected comes from the top 1%, believe, they are barely feeling it; as all indicators show that the gulf between the rich and poor is growing ever wider.