I don't want higher taxes on the rich, because of two reasons.
1 - Today it's the property rights of the rich, tomorrow it's my property rights. Rights are guaranteed in all circumstances where someone doesn't trample the rights of another. Someone being wealthy doesn't trample someone else's rights. If we're going to shove aside parts of our constitution, we'd might as well shove all parts aside. Because what's the point of it if we're just going to pick and choose what like and what we don't like?
2 - The private sector invests for financial gain. What do you call a private sector doing well? Prosperity. The public sector invests for political gain. What do you call a public sector doing well? Tyranny.
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I don't think we need to take half of anyone's earnings, rich or poor. Let's eliminate all tax deductions, fix tax brackets, and have a basic tax rate for every bracket, for business and individuals. Get rid of the complication of the tax code, and the end of year filing. Just take what people/businesses are actually supposed to pay out of their paychecks and do away with the refunds, credits, and other bullshit. Then get rid of all the corporate welfare bullshit. We could have people paying as low as 1% or their income for those who earn a pittance, up to 30%-35% for high income earners, and we could split the difference in between those ends. The big difference would be that all the write-offs would be gone for high income earners, and they'd actually be paying what they're supposed to be paying.
Also, what Jubber just said. He strikes a couple philosophical points I agree with. The first being everyone should pay something in taxes. You avoid the majority oppressing the minority (which is something we all like to get really heated about when it involves race or sex or etc.). As an example, 51% of households have no federal income tax. 51% of people have no direct reason to care if the tax goes forever up. It could be 100% for all they care. Granted that's an extreme example. But not only that, you have a portion of that 51%, who have a vested interest in the federal tax going up. Because the federal government is paying them. In this respect, the poor have trampled the rights of the rich. Like I said earlier, today it's the rich's rights, tomorrow it's mine.
Now allow me to cut the other way (while referring and agreeing to a philosophical point found in Jubber's post), because I have really have no love lost for corporations either. To use my business is a man and government is his sword metaphor. If you remove tax breaks, you separate the private and public sectors, and you dull the sword. Maybe even reduce him to a dagger. You remove a respectable chunk of the private sectors power to manipulate the government, which is what people who fear corporations really fear.