Will making rich people poorer make me richer?
Will taxing my doctor, hospital, gas station owner, insurance company, and my walmart manager an extra 15% make my life better? If so how? Don't you think they will just pass the higher costs of doing business to us?
Asked By: Judy - 11/3/2008
Best Answer - Chosen by Asker
Nope, people with higher incomes will cut back, they'll fire the gardener and housekeeper, they'll cut back on vacations and eating out, donate much less, cut back on buying - clothing, electronics, furniture, cable, etc, they'll donate less to their kid's private school so many less scholarships will be available... More
Answered By: maliboo_girl - 11/3/2008
Additional Answers (4)
No I dont think so. If they get taxed they are going to raise their prices which will make you poorer in the long run.
Answered By: mvdeyarmond - 11/3/2008
Above is so true, but besides raising their taxes wont mean much because they make enough everyday already.
Answered By: Da Man - 11/3/2008
Raising taxes will not make you richer. No one wins but Uncel Sam.
Answered By: craftybooks - 11/3/2008
IF it's true that raising taxes on the 'rich' will make us all poorer, then that suggests that lowering taxes on the 'rich' will make us all richer. In that case, we should lower the taxes on the 'rich' to 0% for maximum wealth. Isn't that logical... More
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