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 Read full post