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Valeria Olivares

EAP1585

July 18, 2019.

Rich people should pay more taxes

Rich people do have the capability of paying a lot of wealth. They are very few in the

community. In comparison to the poor and the middle-class earner. Americans do want the

rich to be taxed more.76% of all the registered voters in America to support the notion that the

rich should be taxed more than the rest. Democrats have come up with a new bill proposing the

doubling of taxes for the rich in the society (Bouguignon, 2016).

The studies will seek to unravel the advantages of taxing the rich more than the rest in the

community. It brings about economic sense. Taxing a higher tax to the poor will help fund

programs for the poor. This money allocation from the double taxation will be redistributed to

the economy. The GDP of the economy will also go up.

To promote fairness. The rich cannot pay the same amount of money as the poor. This is

because the tax paid by the rich will cater to the t little tax paid by the poor to boost the

economy. The government will be able to provide housing for the poor as well and provide

social amenities such as education and health.Taxes are already too low in comparison to the

past Support. People may think that their taxes are even high, but in a real sense they are still

low. The new reform bill for taxation in America will help in the raising of taxes among the rich I

the society. An attempt to once have a tax cut on the rich in the society had led to an increase

in the national debt.

Opponents may say we should not tax the rich at a higher rate. Society people should be

able to keep as much as they earn, so they have earned is theirs but not for the government for

redistribution .It is more to pay taxes it is, therefore, important to have all the rich be taxed

more than the rest in the community. this is because taxing the rich more will bring about

fairness, it will have an economic sense, and their taxes are already too low. The best thing is

to have moderate taxation for the rich and not taxing them too high, so not to discourage

them from even working more.