Block, SkipCaptcha, Automoderated users, edit
2,947
edits
Changes
Jump to navigation
Jump to search
Line 16:
Line 16: − − ==Occupy Wall St.== − The Occupy Wall Street movement is, at its heart, a class warfare advocacy movement. Most of it's participants are younger, less educated, and unemployed people who hate the very idea of capitalism. This group of socialists is bent, as their name suggests, on dismantling Wall Street and redistributing its wealth. −
Undo revision 1010411 by Cactusjack (talk)undo vandalism
==Why is class warfare problematic?==
==Why is class warfare problematic?==
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</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>http://www.csmonitor.com/USA/2011/0415/Taxes-and-the-rich-How-much-do-they-pay-now</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.
==References==
==References==
{{reflist|2}}
{{reflist|2}}