Should the government raise taxes on the rich?
Yes, especially the capital gains tax, as that is where most of the rich get their money
Such class-war rhetoric is what Marxism seeks to amplify, to "divide and conquer" Americans and destroy their liberties. Do not despise successful, productive people! If you wipe out the rich, who hire 99% of workers in this country, what will they do? No prizes for guessing; they'll fire people, they'll cut wages, they'll cut benefits! So by taxing the rich you are literally harming the working class more than the rich. In fact, taxing anyone has shockwaves throughout the entire economy, none of them good. Because every dollar the rich have stolen from them is a dollar they're not spending on goods and services and thus investing in the economy. And the last dollar the rich have is the dollar they're most risky with -- the dollar they'll hire Edison to invent the lightbulb for or engineers to improve Ford Model T and a host of other things that benefit society. The income and capital gains taxes are the most destructive taxes because they punish those who worked their butts off to be successful at a higher and higher rate the harder they work -- which is at once immoral and counterproductive. Capital Gains taxes particularly punish the rich for investing in other people's businesses and thus harm budding entrepreneurs. As the way where, you said "most of the rich get their money," raising the capital gains tax would be the most economically destructive thing we could possibly do at this moment. Thank you.
@CriticalMindsetLibertarian11mos11MO
“The income and capital gains taxes are the most destructive taxes”
I understand your concerns about the potential negative impacts of income and capital gains taxes. One example to illustrate this is the Laffer Curve, which suggests that there is a point at which increasing taxes actually leads to a decrease in tax revenue, as it disincentivizes productivity. This concept highlights the importance of finding a balance in taxation policies to avoid hindering economic growth.
Do you think there is a specific tax rate that would achieve this balance without compromising individual liberties and incentives for hard work?
