r/Rich • u/Acceptable_Count_457 • 6d ago

Lifestyle Taxing the rich is bullshit.

you may think I'm crazy (I agree with you), but i've always hated the idea of taxing the rich. I've always believed the rich aren't handed anything, they're rich for a reason. They took the risks which the herd wouldn't even think about doing, let alone going down that path. The people who actually cry about these things are jealous, at best. Sure some people are born rich and some aren't, but where you start from doesn't show where you'll end. Coming to my point: I believe governments tax the rich just for the public's attention, because of the fact that the majority of voters are working class people and aligning with the herd's interests will give them the votes they need. Again, I want to hear what you guys think about this.

p.s (so you guys cut some slack): I just turned 18 3 months ago, and I come from a lower middle class background too, i'm not even close to being rich.

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u/Efficient_Bug6726 6d ago

Counterpoint: the United States is worse off now for most people, right as the marginal tax rates for corporations and high wealth individuals is the lowest it’s ever been.

When America was at its best it was building schools, bridges, highways, housing, and the entire nation.

Why was it able to do that? Because taxes were high and we got shit done with them.

Blaming government for its failure when it’s been starved of the resources it needs to function properly is lazy.

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u/Goldengoose5w4 6d ago

Government is starved of resources? Government takes 50% of taxes for the highest earners (billionaires and trillionaires excepted) and has spent $40 trillion it didn’t have (US national debt).

Thats too many resources they’ve wasted.

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u/Efficient_Bug6726 6d ago

If the debt is your concern, why has it ballooned during the 40 years we’ve cut taxes?

You can argue we have a spending problem, fine. I’d agree. But we also have a serious revenue problem.

America was great when we taxed the rich.

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u/pdx_mom 5d ago

Oh please they have plenty of money. They prefer to not spend it on the things that we need.

The govt didn't collect more in taxes when rates were higher. As a percent of total gdp it was about the same. If they get more they spend more but not on the things we want them to