Ability to pay MUST be part of the taxing system to be fair. If we increase taxes for people that do not have the money without placing them into financial difficulty we solve one issue (Added Taxes to fund our spending) and create hardship to low and middle income workers. We also impact spending by these groups which can have a negative impact on the overall economy. If we increase taxes to those that will pay the added tax from their SURPLUS, we do not create problems for those people and their families and we will not have the negative impact on spending and the economy.
Thus there are TWO good reasons to increase taxes on the upper income:Does not harm the families. Does not harm spending.
The majority do not want tax increases on the middle income taxpayers. The majority will not oppose tax increases on the wealthy. The majority would NOT support the things that would need to be cut to balance the budget with JUST spending Cuts!
Taxing the wealthy more than the non wealthy is something I agree with when it comes to contributing something that helps us all.
But I don't support being taxed so that mony is literally transferred to someone who didn't earn it.
You keep, wrongly, asserting that increasing taxes doesn't harm the families. Yes they do. As I have indicated, when you raise taxes, the wealthy simply have less money to invest which in turn costs jobs.
After a couple hundred grand, the wealthy aren't spending it on consumables in general. They're investing it. And those who produce wealth tend to be better at investing money than a government that has demonstrates an incompetence with managing money.
The majority doesn't support increasing taxes. But taxes may eventually be raised and as I said, it won't affect me or my lifestyle one bit, it'll simply cost people jobs because that's what will happen.
And if you increase taxes enough on the wealthiest earners, they'll either find ways to shelter that wealth or they'll simply quit producing. The people who do stuff are always the ones who have ultimate control, Gene. Not the government. The government can only function as long as the top earners choose to produce.
I don't need the federal government but the federal government needs me and people like me. People like you would do well to remember that.