| − | At the first glance, the idea of "taxing the rich and giving to the poor" appears "fair". However, there are many problems with this idea. Under a capitalist system, one becomes "rich" through the process of hard work, and raising taxes on this group signals that this hard work is not being appreciated. In addition, the demonized top 1% of Americans pay 22% of all revenue,<ref>[http://www.csmonitor.com/USA/2011/0415/Taxes-and-the-rich-How-much-do-they-pay-now Taxes and the rich: How much do they pay now?], [[Christian Science Monitor]]</ref> while the bottom 50% of Americans pay nothing in income tax, clearly indicating that those who are wealthy already pay a "fair" share of revenue. The richest Americans are also known to be in control of job creating industries; taking too much from this group will yield job losses, which ends up hurting the average American. | + | At the first glance, the idea of "taxing the rich and giving to the poor" appears "fair". However, there are many problems with this idea. Under a capitalist system, one becomes "rich" through the process of hard work, and raising taxes on this group signals that this hard work is not being appreciated. In addition, the demonized top 1% of Americans pay 22% of all revenue,<ref>[https://www.csmonitor.com/USA/2011/0415/Taxes-and-the-rich-How-much-do-they-pay-now Taxes and the rich: How much do they pay now?], [[Christian Science Monitor]]</ref> while the bottom 50% of Americans pay nothing in income tax, clearly indicating that those who are wealthy already pay a "fair" share of revenue. The richest Americans are also known to be in control of job creating industries; taking too much from this group will yield job losses, which ends up hurting the average American. |