RocketIdeas

Tuesday, September 16, 2008

Tax the Rich?

There's a lot of political talk right now about how we need to tax the wealthy, the millionaires, and big corporations to help middle and lower-class America. While this sounds justifiable (I mean, they're not using that money anyway, right?), folks it is a recipe for disaster! Consider the following points:

  • Will big corporations simply absorb a tax increase? No! The increase will find its way back down to the consumer, meaning even higher prices for us.
  • There's already plenty of opportunity for almost everyone in America (including lower and middle classes). Just about anyone with a vision and a little hard work can shift their financial status. Money doesn't (and shouldn't) have to be handed to people on a silver platter when they are capable of working.
  • Higher taxation on businesses means fewer jobs.
  • Looking at their track record, can I really trust government with more money?
  • More taxes means wealthy investors will look outside the country to find better tax rates.
  • Why should I be punished by earning more? What motivation is that?
  • Sounds a whole lot like Marxism and Communism.
  • "...If anyone is not willing to work, let him not eat."- 2 Thessalonians 3:10 (ESV)
  • "A slack hand causes poverty, but the hand of the diligent makes rich." - Proverbs 10:4 (ESV)

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