Wednesday, November 9, 2011

Hunting the rich

This article was showing that there are good and bad ways for the wealthy to pay more tax. By taxing more on the rich seems fair as it was pretty much the same as paying the same tax percentage according to income. It seems reasonable as Warren Buffet point out that he should not pay a lower average tax than his secretary. The benefit of taxing more would allow the poor to save more incomes and spend more, which would help the economic. However, would rise the tax on the rich is the sole solution to the America debt problem and would it improve the economy in long run? It might only help if the increase tax will equal to spending cuts.

http://www.economist.com/node/21530104

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