"...In the news this week, Reuters published the results of a poll, in which a whopping 61 percent of Americans sampled said we should increase taxes on the wealthy as the first step toward reducing the deficit.
Following that number, only 20% said to cut defense spending, 4% wanted cuts in Medicare, and 3% said to cut Social Security.
I'm going on record to oppose these results today, and to tell you why, in my opinion, taxing the rich more is not the answer to our out of control deficit.
First, increasing taxes to reduce the deficit is like people thinking they can eliminate their excessive credit card debt if they just earn more money.
The real problem is in the excessive spending, not the amount of income one earns.
Give the U.S. Congress more money from the tax base, and they will just continue to spend more. They have proven this time and time again in the past few decades.
As you can see from the chart below, both political parties are responsible for running up the national deficit. Both Democrats and Republicans alike have conspired together to run up almost 14 trillion dollars in debt."
Bashing the Rcih Will Only Hurt The Poor!
"...I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God."
The Son Of God