More Taxes For The Rich Essay

932 words - 4 pages

More Taxes for the Rich
The United States of America is the land of freedom, equality, and opportunity for each and every American, with the ability to live the “American Dream.” The American Dream suggests that anyone in the United States is able to follow their hopes and aspirations, succeed through hard work, and has the potential to lead a happy and successful life. Through hard work and dedication, reaching success and wealth is never too far, everyone receives as much as they put in. America is one of the world’s leading nations, with a high quality of government, development, military, and more. Many factors of our nation that put us at the top of the chain come from support of ...view middle of the document...

People in this world such as Brad Pitt, Madonna, and Beyonce are the few lucky individuals who own great fortunes. Splurging their wealth on extravagant items, designer brands, all these various types of “wants.” These individuals certainly have much more money in their pockets, while on the other hand, there are people struggling to keep food on the table and working minimum wage jobs. The rich have more money to spend, therefore should receive an increase in tax, as compared to the less wealthy who struggle to make ends meet.
The number of America’s underprivileged is rising; the economy today is certainly not standing at its finest. The amount of people losing their jobs is continually stacking and stacking, leading to less and less individuals making money. Through raising the taxes for the rich, it could be a stepping stone to fixing our economy. It will do so by, making our debts lessen because if we tax the wealthy more than the government will receive more money. An example of this is, in the past, Clinton raised taxes for the wealthy in the 1990s, which resulted in the economy producing faster job growth and higher wages. As compared to George W. Bush when he slashed taxes on the rich during his first term. Through making the wealthy pay more taxes, it could be a high possibility that the economy could also grow along with it.
According to Jon Ancheta in “The Rich Should Not Pay More Taxes”, he speaks about how the rich shouldn’t be taxed more. Ancheta states,“Working hard, big investments, and being smart with your money are many ways to create a higher income. Those who are wealthy worked very hard to...

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