Poor people "despise" the filthy rich. The less poor envy them. The rich don't think about it. What exactly is wrong with being rich? Honest people are rich, shrewd people are rich and some crooks are rich. Before you condemn the rich, I ask you, would you like to be rich? If you were to become rich, would you expect people to be happy for you or to hate you? Personally, I would love to be rich and I wouldn't give a damn if you hated me. I'm certain that's how they feel. I'd bet my last dollar, that's all I have left, that you would rather be rich than whatever it is you are, unless you are already rich. There is a simple formula for becoming rich. Select someone who is rich and didn't inherit the money,say Bill Gates, find out what he did, how he did it then do it.
Whatever you do have, you'd like to keep, so would they. Whatever most of us have is because their wealth created jobs for us. Without someone with money, or those who know how to get them to part with it, who are willing to risk it to make more, there wouldn't be any "us". Why would you dislike someone who helps you, even if that's not their motivation. Poor people do NOT create jobs. We need more rich people!
Although it is probably true that many wealthy people avoid paying all the taxes they should, the top 10% still pay 70% of all the taxes collected. If I were rich, no matter what I had left, I would resent someone taking millions of dollars of my money.
Most of us hope and pray that we will be able to leave a little nest egg for our children and grandchildren. If we are frugal or earn lots of money, we may be able to do that. When you save or invest after taxes income, it should be yours forever but it will be taxed again before your kids see a dime. You thought bank robbers are criminals? It shouldn't matter if the nest egg is large or small. As they say in the commercial, "It's your money". If you earned it you should be able to pass it ALL on to your survivors. I'm not defending the rich, I'm defending a principle of fairness. If you steal, it doesn't matter if the victim is rich or poor, it's still theft!
The thing that would remove much of the anger about taxation is a tax system in which it would be impossible to cheat, no loopholes and applied evenly across the board. I don't know what that would be but there are people smart enough to figure it out, as long as it's not our tax evading secretary of the treasury.
Whatever you do have, you'd like to keep, so would they. Whatever most of us have is because their wealth created jobs for us. Without someone with money, or those who know how to get them to part with it, who are willing to risk it to make more, there wouldn't be any "us". Why would you dislike someone who helps you, even if that's not their motivation. Poor people do NOT create jobs. We need more rich people!
Although it is probably true that many wealthy people avoid paying all the taxes they should, the top 10% still pay 70% of all the taxes collected. If I were rich, no matter what I had left, I would resent someone taking millions of dollars of my money.
Most of us hope and pray that we will be able to leave a little nest egg for our children and grandchildren. If we are frugal or earn lots of money, we may be able to do that. When you save or invest after taxes income, it should be yours forever but it will be taxed again before your kids see a dime. You thought bank robbers are criminals? It shouldn't matter if the nest egg is large or small. As they say in the commercial, "It's your money". If you earned it you should be able to pass it ALL on to your survivors. I'm not defending the rich, I'm defending a principle of fairness. If you steal, it doesn't matter if the victim is rich or poor, it's still theft!
The thing that would remove much of the anger about taxation is a tax system in which it would be impossible to cheat, no loopholes and applied evenly across the board. I don't know what that would be but there are people smart enough to figure it out, as long as it's not our tax evading secretary of the treasury.
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