Why Rich Should Pay More Taxes

Annual taxes are mandatory for everyone to pay. These taxes are very beneficial to our economy because they are relied on to build some of the most important things a society needs to progress. Not only do these taxes help improve our quality of living, but they also fund government programs such as public education, foster care, and welfare. These programs are all designed to help society grow and advance as a whole. Most taxes are paid by middle-income families because the top one percent make more money and as a result, pay fewer taxes due to certain loopholes in the law. However, it must be mandatory for wealthier individuals to pay more taxes to generate more money to improve the quality of life and fund government programs that help the
There is a simple reason as to why aspects such as property laws are more profitable to the more wealthy. Paul Buchheit describes this perfectly in his article named, “Why the Rich Should Pay Higher Taxes” when he states that “defending the country benefits the rich more because they have more to defend” (Buchheit). Being that the majority of the wealthy have more goods to protect, they should pay taxes equivalent to a number of government resources they are using. It is unfair to tax others the same amount based off of these important resources because they are not using them nearly as much. In another article titled “Even Millionaires Think the Rich Should Pay Higher Taxes” by Robert Frank, a CNBC reporter, and editor, he mentions that “CNBC’s first-ever Millionaire Survey reveals that 51 percent of American millionaires believe inequality is a “major problem” for the U.S., and nearly two-thirds support higher taxes on the wealthy and a higher minimum wage as ways to narrow the wealth gap” (Frank). Frank’s statement gives a different perspective on this topic. The fact that he adds a “millionaire survey” that was performed by CNBC news shows that some upper-class millionaires also believe that there should be higher taxes because higher taxes will result in a more efficient way of distributing money throughout society. Also, in the same article, he adds that many millionaires actually find the inequality of wealth a problem when he notes, “Despite being winners in the new economy, U.S. millionaires view inequality as a problem. More than half of millionaires and multimillionaires agreed that ‘inequality of wealth in our nation is a major problem’” (Frank). The fact that most millionaires actually view this is as a problem shows that raising taxes on the rich is the best route to take to help