Should The Rich Should Pay More Taxes?

Taxation is one of the most important civic duties that a citizen can have. In fact, the history of taxation can be traced back to the first civilizations. Back during the time of the Mesopotamian civilization, citizens have already been paying taxes. Taxes are necessary for any society (Scheve and Savage, 2016). However, the problem with taxation is how much do we have to tax. More importantly, what would be the basis for the amount of tax? In my opinion, personal income should be the basis for the amount of tax to be paid. Therefore, the rich should pay more taxes than others. Why should the rich pay more taxes? They should pay more taxes because it is their obligation as the members of the upper classes to fund society. In most societies,
Even though most societies are driven by free-market values, all of us still believe that should help one another. Some people may become successes and some people may become failures. There is a level of will in what people achieve, but we must admit that there is also luck, privilege, connections, and timing. Not all people became rich, but we cannot blame the poor if they are poor. We live in a competitive society and not everyone can become a champion. This is why we should foster the spirit of cooperation among ourselves. Paying taxes according to our capabilities is part of this.
The rich should not complain about paying taxes because they also spend lots of money in taking risks. When a person pays taxes, he or she is helping the local economy to prosper. We are paying for more reliable technologies, safer streets, well-compensated government employees and better industries (Slemrod, 2002).
Finally, the rich should pay more tax than others because we cannot apply the rules equally. We live in a society where inequalities exist. We cannot force the poor the pay more taxes than they can. On the other hand, we cannot just let the rich to pay little taxes when they can pay a lot
The rich are only becoming richer while more middle class are descending into poverty. The poor are only becoming poorer. This kind of situation is evidence that the inequality among the citizens of the world is becoming worse. According to some economists, one of the ways that we can make the inequality narrower is through taxing the rich (Aaron, 2015). Taxing the rich would help in energizing the less empowered businesses below. It would also redistribute some of the excess wealth that rich people have, as we have already said
In conclusion, there are four reasons why the rich should pay more taxes. First, it is their moral and ethical obligation to pay more taxes as a consequence of their position in the society. The second reason is that the rich have a lot of security, stability, insurance and connections. They can easily replace the tax with more money. The third reason is that we should foster the spirit of cooperation among ourselves. Finally, the rich should pay more tax than others because we cannot apply the rules equally. These five reasons are based on the fact that there is inequality in the