Taxes

My rant for the day, comes from my drive to work this morning. While listening to the radio they were talking about a poll, that said a majority of Americans support a tax increase on people making over $250,000. I was more than a little disturbed by that. I love that we can can political discourse in this country but I want to say this about raising taxes on the so-called "wealthy." There is the great lie of socialism, "The wealthy need to pay their fair share." and "We can pay off the nations debt by taxing the rich."

Did you know that the top 5% of wage earners pay 50% of the federal income taxes and that nearly 40% of American pay no federal income taxes?

Did you know that even if we taxed everyone in the country at 100% of their wages, it still wouldn't be enough to pay off the national debt?

What really irks me is, since when did America seek to award mediocrity and punish success? How come you get punished for going to school, working hard and getting a good job by having to pay more taxes? And you have everything paid for you if you are a lazy schleb who bilks the state. (Don't get me wrong, there are many people who legitimately need help, and I have no problem with those people.)

I had a coworker tell me one time I deserved to pay more taxes because I make more than her and I went to school.

Riddle me this Batman. Who creates and maintains a majority of jobs in this country? Those making $40,000 a year or those making $250,000 a year? By taxing those who make over $250,000 a year you are killing job growth and potentially causing people to lose their jobs. It is just preposterous that people think the rich need to pay their "fair share". What is their fair share?

That is why I am becoming more of a proponent for a consumption tax. It is the only way to have a "fair tax". Everyone consumes and thus everyone pays (Not just the "rich"). Plus you could generate far more revenue if you get rid of the federal income tax and just have a flat 10-12% consumption tax.

I am just sayin'.