Do The Rich Owe the Poor?

The original rationale for all those tax loopholes for the rich was the so-called 'trickle down effect' which was supposed to provide more jobs, better financial stability to businesses, and a better life for all. Unfortunately, for the most part, it hasn't worked out that way. The rich give only where it benefits them directly in some way or another, they invest where they can get more tax benefits or write-offs (which amount to the same thing for them), and make a big ballyhoo when they do something truly unselfish and provide some benefits to those less well off.

Frankly, if the rich paid their way, in the way that middle class folks do, folks wouldn't have to cope with so much corruption and greed, wouldn't have to crawl and beg for the basic essentials in life because the wealthys' 'fair share' would pay for a lot of it. There are some mighty good (and some bad) arguments for a flat tax rate as long as those on the lowest levels, not the highest levels of income, are accounted for with compassion. That's where the tax breaks should be, folks...for those who need the income the most to provide for life and health.

Sandi Bowman

Before I comment, I am not rich but I am one who reads and thinks and weighs out the issues.

When it comes to the whole argument about the rich not paying their fair share in taxes, I would like to know what you are measuring that by. Before you comment consider the following:

It is the rich that assume the greatest risk in business, not the poor or middle class. Would you want to assume their risks?

It is the rich that employ the poor and middle class and pay half or more of each employee's taxes. Would you want them to stop doing this and you be responsible for paying all of your employment taxes?

It is the rich that provide the most jobs, expand their businesses to create even more jobs. Would you want them to stop doing this?

It is the rich that everyone looks to for a hand out, not the poor or middle class. Would you prefer the poor or middle class look to you for a hand out?

It is the rich that everyone complains about, but depends on the most.

Since the rich are providing the most jobs, to the poor and middle class, why is it that the poor and middle class employees do not want to take responsibility for their actions and will not do their jobs with professionalism and continually provide poor customer service?

Why is it that the poor and middle class want to live like the rich, have what the rich have, but are not willing to become rich so they can become like the rich?

Getting back to the original poster's question. "Do The Rich Owe The Poor?"

Nobody owes anybody anything. Each individual owes it to himself, his family, his neighbors and his country to be diligent and be the very best they can. That is what makes for a prosperous union for all.

The moment you take your eyes off your goal and start looking around at what so & so isn't doing, or why that business isn't paying their fair share, then you have lost the race for success.

Those who succeed focus on the goal they're striving for. If more people spent more time pushing on and ignored the dogmas that drag us down, we wouldn't have near the complaining that idle people seem to thrive on.

I am not rich nor poor. But I think there are more tax loop holes made for rich that they can easily escape. They remain rich. On the other hand poor due to lake fund for social funds dont get any facilities. So, rich must under stand this and must pay tax for the benift of the poors. Because what they earn is with help of poors or working class. So, they owe to them.

Sudar,

Let me get this straight.... because someone has worked hard/smartly and saved their money and maybe invested some too - and - over the course of their life, they have become wealthy... just because they Now have more money, they somehow Owe some of this money to people who have not worked hard/smart nor invested over the course of their life.

Is that pretty well what you're saying?

Let's break it down another way...

I have a widget for sale. I offer this widget for $10. You buy it. I now have your $10 and you have a widget. Thus, my financial wealth has increased.

How do I then owe some of this $10 back to you?

I do NOT. The transaction was done. Completed.

But what you're saying is... just because I sell many of these widgets I must now give some of that money to people who bought my widget and those who didn't buy my widget but who you deem worthy of having some of my money.

Another way...

I work 60 hours a week while you work 40. We do this for many years. And now, years later, because I was willing to spend the time to work and have more money than you, I somehow Owe you some of this money?

How do I owe you money?

I do Not. I worked while you had leisure time. I owe you nothing.

But what you're saying is... just because I have more money I must now give some of that money to people who worked fewer hours than me and who worked for less money than me.

You advocate slavery.

Michael Ross