I hear this term all the time the gap between the Rich and the Poor is growing. Therefore we need to tax the rich to help the poor out more. This Logic is false. The rich got there by providing a service better, cheaper and more effectively than anyone else and people were willing to pay for that service or product. Therefore all the people that bought that product were better off because of this person. This also gave the person more time/energy/money to spend on a different activity/economic stimulation that they wanted to do. This activity/purchase was provided by someone who was able to perform the desired task at a less expensive, more efficient, better way than his competition. This is how a free market and free choices work.
Thomas Edison was very intelligent, would taxing his intelligence and giving it to someone with less means made the world better off? Would the light bulb been invented? Sure this is a stretch, but not as much as you would imagine. You can’t legislate intelligence any more than you can whose rich and poor.
Democrats sight Warren Buffet as a rich person who says he needs to be taxed more. If Warren Buffet wants to be a free person (which I tend to doubt) he could either : 1.) Not pay accounts tons of money to do his taxes and just send in what he think he should pay above and beyond his current tax amount. This could save him money and he would pay the taxes he thinks are fair. 2.) The government has set up a separate tax account that you can pay into if you feel like you don’t pay enough. 3.) He could set aside that extra money he feels he should be taxed every year and give it to an organization that currently is getting government money.
Warren Buffet know much more at making money than most people in the US, especially me. If he really wanted to make a difference in the nation he could use his money in one of the 3 ways I mentioned above. He could even devote his time to a charity and make it so valuable that it didn’t need tax dollars to operate – wouldn’t that be wonderful. His statement on his taxes therefore is not based on his actual feeling on his wealth, but on political motivation to see people’s choices controlled by the government. He knows how the government operates and how to make money off government controlled programs better than anyone(then Al Gore), of course he wants us taxed more!
The best way to close the gap on the rich and poor is to better the education in the USA. You can’t do this by pouring money into the system, you can only do this by teaching people how to think. When you teach people how to think you don’t need big government, you don’t need unions, you don’t need others to do for you, because you can do for yourself. Maybe this is why it is going to be impossible to turn education around in the US, without a fundamental change to the way we view it.