Wednesday, August 24, 2011
When it comes to taxes, that may be the only way to be able to balance the budget. Most Americans believe that the richest of people should pay more. In matter in fact, the upper 1% of the wealthiest Americans have enough money and more to spare to balance the budget on their own.
I'm not saying that only the wealthiest of people should pay more taxes, but most people don't even have the slightest idea on how much money some people have. Some of these very rich never worked a day in their happy lives for a single dollar that they claim. Others worked hard to get where they are today. These same people believe that others who are not so fortunate do not deserve to be as happy as they are, because they haven't worked for the money. Again, they may be correct, but by being taxed on a small percentage of their huge fortunes would not even effect them. The richest Americans are now experiencing lower taxes, even when some Republicans believe that some of the rich should be taxed. But the party as a whole block the idea that the rich should be taxed.
The bottom line, unless the U.S. Congress can find another way to balance the budget, taxes may be the only way. If the Conservatives are so hell bent on not raising taxes on the rich, then why don't they come up with another idea to help balance the budget?