Should Millionaires Be Paid?

1616 Words4 Pages

Donald Trump, Mark Cuban, Warren Buffett, Bill Gates, Elon Musk, all names quite familiar as some of the richest men in the world, as we know all these men are billionaire, however this argument is not only prompted on billionaires it is also towards millionaires and corporate CEO’s, we could say the top 1%, as well as for this argument we will be talking about the US economy and tax percent instead of the one here in canada. What is the statement we are speaking towards? Some people believe that the wealthier 1% or in other words millionaires and billionaires should pay more taxes, In my opinion I believe the wealthy should pay the same amount they are paying. Which is 37% for people earning 500,000$+, and not to mention that 37% is only …show more content…

This is a very debated topic, you see it everywhere from the news channels, to youtube, and in the newspaper, people must be informed on the serious consequences that this could endure. Sure when the tough times comes and the US is in lots of dept they rely on these wealthy gentlemen and ladies to support it, however this does not mean that we should raise taxes considering if we do raise taxes it could be even more harmful for the economy because these brilliant men and women who work and create an empire could easily move countries if they are not satisfied, thus losing that companies income from the US. Second, if they did consider raising taxes large corporations would become terrified to what it could do to their profits which they worked so hard for thus reducing workforce and again harming the economy and the people of lesser wealth and their families, and finally, less money would be given to private charities, instead it would go to the government …show more content…

That brief summary of me is why I initially began with this topic on why the wealthier 1% and huge corporations should not pay more taxes, you work so hard for something in life and you aspire to be something great and you want that success appreciated and you don’t want it taken away from you. Of course I don’t think that you need billions of dollars and even hundreds of millions of dollars, and you certainly don't need that to be happy, cause if you do than their is a problem, but what I believe in is that money not power per say, however money something that can amplify a certain traits you have as a human being, if your a douchebag it’s just gonna make you more of douchebag , and if your a caring and giving person its gonna make you more of a caring and giving person. People stereotype the rich for making a lot of money, of course some some our corrupt and have done something wrong but even middle class men and women are corrupt people. Not only this people think the rich need to give the middle and lower class some money through the taxes, what they don’t realise is that the government takes the taxes, which in my opinion would be better off in the wealthier men and women’s hands because they could give it to their own charity and it would not

Open Document