Debate on Taxes Essay - 1137 Words

Controversy will always follow humans where ever we go. Humans have argued over many issues for centuries, often times with no conclusion or â€Å"correct† answer ever in sight. One common issue that has been debated since the early 1900s is whether or not the more wealthy individuals in a society should be taxed more heavily than their poorer counterparts. Many have argued over the pros and cons of the taxation of richer people, but when one looks at it objectively, the pros far outweigh the cons. Not only do the pros outweigh the cons, but a question one must ask oneself is whether or not prosperous people really need that extra money? Richer people should be taxed higher because it is better for the economy, social classes will†¦show more content†¦The encouragement of economic disparity because of these tax cuts is bad for America. The US should be aiming for more social and economic equality for everybody. Tax cuts can slow down the economy by putting more money into the wealthy peoples’ hands and giving less to the people who need it. Another reason that the wealthy should pay more taxes is because they owe it to society to do so. Every person wouldn’t be where they are today without the people who helped raise them and the society they were raised in. In â€Å"The Great Gatsby†, Nick Carraway is disgusted with Tom and Daisy, â€Å"Tom and Daisy—they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made† (Fitzgerald 179). Nick is repelled by how Tom and Daisy, with all of their money, would do nothing to help the society or other people. Successful people are largely successful due to the society and conditions that they were raised in. Without the better conditions that they were luckily born into, it is logical to question just how successful someone in the top one or ten percent could have been. In a recent commencement speech last summer at Princeton, author Michael Lewis stated â€Å"Recognize that if you have had success, you also have had luck—and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky†. In aShow MoreRelatedEssay on Taxation985 Words   |  4 Pagesthat consumers of a certain product or people of a certain economic class can be taxed differently. This is the reason why taxation is a subject of such passionate debate as far as a country’s economy is concerned. Taxation is directly connected to economic growth. However, this does not point to definite patterns. For example, higher taxes do not necessarily mean stunted economic growth and vice versa. Tax adjustment usually serves to shift spending towards areas that stimulate economic growth. 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