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Health & Fitness

The 'Tax the Rich' Illusion

Taxing the rich is not a solution

The whole basis for the liberal/progressive argument is that the rich need to give up more. 

This idea is the fuel for every argument that the progressive politicians and the media put forth. Progressives are not about numbers, they are about looking for a sensitive subject that tends to resonate with people. Facts are not important to them. They take advantage of the fact that Americans are typically caring individuals that care about other people.

It is not unusual for one to be envious of what someone else has, and that is why the "greedy rich" label is used to push forward a political agenda. 

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Let's take a look at taxing the so called "rich." The job creators are those that own businesses. You can argue this until you are blue in the face, but it is the truth. 

To illustrate my point, let's look at the average middle-class worker that does not run or own a business, but works for one. If said employee is full time and working 40 hours a week making an average middle-class salary, he/she is still scraping the bottom of the barrel to make ends meet. 

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So, who is this hard-working American going to give a job to when he/she is trying to make ends meet for himself/herself? 

Enter the business owner, who has a service or product that consumers want to purchase. Well, some would say that small businesses don't count because they are not owned by millionaires. But, anytime you ask one of these "tax the rich" advocates about a number that represents their interpretation of "rich," the numbers jump all over the place. 

Obama has suggested that $250,000 is the cut-off. Then you have people that say a million dollars is "rich." Either way, it is not right for someone to put a limit on the amount of success that one can achieve. You can be against middle-class tax increases all day long, but if you raise taxes on businesses, the tax will make its way into the price of the goods or services that the business supplies to the consumer. 

In other words, when a business gets an increase in taxes, that tax is deferred to the consumer via an increase in the price of services/goods.

Most wealthy people have worked hard for what they have. That is the American dream. Taxing success is counterproductive, and it destroys the very fabric of this country.

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