Monday, October 14, 2013

Should rich people pay more taxes?

"They have poor people complaining about the fact that the rich are gonna be taxed more."

Dear friends,

Recently, while rappin' with one of my siblings about the whole issue of income tax rates in our country, he quipped, "They have poor people complaining about the fact that the rich are gonna be taxed more." Go figure.

Yet, the rich have far more to defend in this possession-oriented, market-driven economy. Therefore, they should hardly be complaining. After all, as I have pointed out in a previous post, Adam Smith, the "Father of Economics", in his classic volumes called "The Wealth of Nations" summed up the entire notion of how our system works, when he wrote: For every rich man there are 500 poor ones, and he would not get a night's sleep if it weren't for the local magistrate.

Consequently, the dishonest claim by Republicans and their ilk about wanting “smaller government” and “less taxes” contradicts their genuine wants and needs to get multi-billion dollar government contracts for their sponsors like Halliburton and various other giant corporations of defense and technology who also given protection by the taxpayer-funded US police and military for their financial interests, both here and around the world. In other words, the very wealthy have far more to lose, so why shouldn't they contribute more? Moreover, why should those who make far less subsidize the wealthy?

Meanwhile, via the mainstream media that serve as the official communication organs for both the huge corporations mentioned above, as well as their sycophants called “politicians” who aid such companies in acquiring greater wealth, everyday people, that is, both military and non-military workers whose aggregate sweat and blood make all of this possible, live with one foot in the poor house, while the other foot is on a banana peel. Let’s keep it real.

G. Djata Bumpus

1 comments:

Blabren said...

The intent of your question about whether the rich should pay more taxes is apparently rhetorical, as you've already indicated some of the benefits they enjoy to produce and protect their wealth. The poorer provide the work required to produce their wealth, and the military to protect it, while politicians provide the laws to their advantage.

Of more intriguing interest is your sibling's comment: "They have poor people complaining about the fact that the rich are gonna be taxed more." I've been trying to understand this phenomenon. The wealthy are overwhelmingly outnumbered, yet policies against the interests of the un-rich are supported by advocacy groups made up of the un-rich (Tea Party et al). Also these un-rich vote for politicians who obviously push policies also not convergent with their interests.

Aspirational voting............could be an explanation as to why Americans vote against their interests. The fantasy that each of us has equal opportunity to reach the pinnacle of wealth is alive and well, even while the evidence shows the middle class is disappearing, the poor a getting stuck there, and the gap between the wealthy and the rest is growing. People vote the caste the aspire to instead of the one they are currently part of.