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Can you believe the number of people in yahoo answers that think cutting rich peoples taxes generates money? |
for the working class. when the rich get money they keep it. Did you ever do any work for a rick man and try to get paid for it????? I agree with the question asker. And to the responder who said cutting rich people's taxes creates jobs, that's a load of crap. I'm sure a rich person sits around and thinks, "Wow, they cut my taxes so now I get to keep $500 million instead of $480 million this year, I guess I can buy that house I wasn't planning on buying." No, they buy what they want to buy anyway, because they have more money than can be spent. It doesn't create jobs -- it just keeps the gap between the rich and the poor really, REALLY big, just the way many sad souls want. No, if they kept it all to themselves many of us would not be working. Is giving it to the government a better idea? Where would you rather have thier money? personnaly i will take in in the local economy versus the government coffers where it takes 6 dollers to decide how to spend a dollar. a good example, 2 years ago i worked on a large house in Ct.. This was a 2 year project that overall put 8 million dollars into the economy and employed over 200 people in one form or another for a certain time frame during that 2 years.. Instead of being taxed on that 8 million dollars it was put into salaries and those salaries paid taxes. It also added to the tax base of the local town which in turn kept the money locally to do improvements or whatever in the town.. Give it to the governemtn and they can build a 250 million dollar bridge to nowhere in alaska.. Cutting rich people's taxes doesn't generate money, but it does create jobs. What's the alternative? The alternative is to let the federal government keep more of the money. That won't create jobs. The middle class will completely disappear if you give most of the money to the federal government, and the only wealthy people you will see will be the politicians working in Congress. Do you believe members of Congress create jobs for Americans? No. Private individuals do that. Why shouldn't they be given more tax cuts if they are creating jobs for Americans? It takes money to make money. I think rich people should be given tax cuts. Companies can't profit if the federal government taxes them too much. Of course, there has to be a limit to how many tax cuts are given to rich people. There are a lot of poor people too. Most poor people are unemployed and have to rely on government programs for help. Taxes are necessary, but to say that rich people don't deserve any tax cuts is ridiculous. http://www.JoinRudy2008.com Hi, Interesting perspective. Our perspective on life normally comes from our experiences. Perhaps you've had some negative experiences with wealthy people, and that's unfortunate. I agree there are some nasty rich people, but I've also met a lot of nasty broke people. People who don't have enough money have been known to steal, sell drugs, cheat, gamble, assault and even murder to get more of it. On the other hand, the top 5% of income earners in my country are paying more than 30% of the taxes. And it's also a fact that when taxes are cut for wealthy people they don't "keep it" as such - that is, they don't stash it in a shoebox. They actually spend it and/or invest it. Extra spending and investing creates jobs and keeps the wheels of the economy turning. It's also where the most welfare dollars come from. There are very few seriously broke people who help the economy - apologies for being blunt but it's literally true. Being destitute puts a strain on society through extra services like welfare, charity and health services. The poorest people spend more time in hospitals than the richest people. Truthfully I am yet to find any redeeming features of being poor, yet there are countless joys that come with being wealthy. With wealth we can help the poor, we can show people how to build a more promising future for them and their children, we can lift them out of misery and into lives of achievement and increased self eteem and pride. Broke people - as nice as they might be - can do little to help in a financial crisis. They can add their voice and complain, but their hands are tied. After the tsunami on 26 December 2005 I was among a group of wealthy individuals who were able to make 4, 5 and even 6 figure donations to help the victims. Poor people can't do that. What a tragedy. As for the question "did you ever work for a rich man and try to get paid for it?" Nobody has ever worked for a broke person - they cannot pay you. Finally, I believe that people on low incomes deserve enormous tax breaks. They should be able to keep as much of their low income as possible, and it would be a happier world if they were shown how to improve their own lives. Education is not just the answer to ignorance, it's the answer to poverty as well. I sincerely trust this helps. Warmly, Slav PS: In the words of Abraham Lincoln "The best thing we can do for poor people is to never become one of them". For tips on this topic without obligation, including 26 f*ree audio downloads about wealth, money, business and success, visit www.ArkleySolutions.com I've worked for several rich guys and they offer more opportunity than any poor guy could. Rich guys start businesses that create jobs and the income from the business and the employees income is taxed which adds to the tax base and all the wasteful government programs. Rich business owners are highly efficient and rarely waste because they want to earn a profit and create wealth for their families, business, and employees. Tax cuts have never resulted in the country being worse off. In fact look at any chart of the Dow Jones industrial Average and you will find a link between the time tax cuts occurred and a bull market began. A perfect example is the Bull Market from 1982 to 2000. Bottom line is you and I spend our money, save our money, and invest our money far better than the government does, so doesn't it make sense that more of it is left in our hand regardless of whether one is rich or poor? |
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