The recent debate over whether or not congress should extend the Bush Tax Cuts to all Americans has inspired people on the left to power up their laptops, determined to make their opinions known. The “spread the wealth” crowd supports taxing the snot out of anyone who makes more than 250,000 dollars a year. Bashing rich folks has become a national pastime.
I have never been able to understand the philosophy of taxing successful people at a higher rate than other citizens. Seems to me, the people who have managed to survive without dipping into the public coffers should be taxed at a lower rate. Wealthy people build bigger homes which need more wood, brick, and concrete, creating more business for building suppliers and homebuilders. They also employ accountants, lawyers, gardeners, maids, drivers, nannies, and physical fitness trainers. They spend much of their time creating business opportunities for other hard working individuals and donate large amounts of money to charities.
It is mindboggling how most Americans buy into this whole concept of despising the rich. Perhaps, when people talk about money being the root of all evil, they purposely leave out the part about “love of money” being in that statement. Humor me, socialists, Marxists, and progressives, is it not possible that the group with the biggest love of money is the group that has never been able to hold onto it? Perhaps the rich are able to manage and keep their cash because they are comfortable handling an item they do not worship.
We should not punish America’s best and brightest with extra tax burdens. We should reward them for their efforts at being productive citizens and carrying many with them along the way.