The Rich Are Getting Richer and the Poor, Poorer

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With the poverty rate at a 15.0 percent in the 2012 Census Bureau, Americans who signify this disturbing figure should fight to demand tax increase of the upper class. According to DeNavas et al., “there were 46.5 million Americans living in poverty (DeNavas et al.).” In affects to the Bush tax cuts, numerical data proves poverty rate besides measure of poverty are immobile; contrast to former estimates reckoned in earlier years. As rich people carry on clasping extreme salaries, the poverty rate remains simultaneously impacted. Lower social classes hassle to make ends meet, let alone fulfill taxes, nevertheless, the wealthy and large corporations reimburse less than a fraction of their share. Doesn’t that direct the act of unbiased? Republican economist and former White House advisor Bruce Bartlett points out that “the actual tax paid by the wealthy and big businesses is the lowest in several generations” (Kohn). It is detected that our country’s hast and mounting income inequality stretched the wealth disparity all the more. It is upsetting to comprehend that the wealthy does not contribute nearly enough purely portraying selfishness. In hopes of a solid economic foundation, raising taxes on the wealthy will ultimately aid our economy to recovery.
Republicans securely trust in the petition that a rise in taxes on the rich is ineffectual and is not an admissible resolution. House Speaker John Boehner asserts, "Increasing tax rates draws money away from our economy that needs to be invested in our economy to put the American people back to work” also claiming, "It's the wrong approach” (Ydstie). The government commands to reserve an outstanding amount of ones taxes in reference to uplifting an accelerating tax rate. This now lea...

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...Web. Organizing for Action.

Reich, Robert. Taxing the Rich is Good for the Economy. Market Place Commentary. Web. 18 Apr. 2012.

Thomas, Gabe. Poverty in the United States: 2012. Congressional Research Service. Web. 13 Nov. 2013.

Vettese, John. Should the federal government raise taxes on the wealthy?. Annenberg Classroom.Web.

Ydstie, John. Raising Taxes On The Rich: Canny Or Counterproductive? NPR: It’s all Politics. NPR 2014. Web. 30 Nov. 2012.

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