From the 2 minute capitalist

http://www.2minutecapitalist.com/menu.html



Lesson 1: Taxing the Rich Hurts the Poor
Taxing the rich almost never hurts the rich. It always hurts the people who are trying to get rich. Have you
ever known anyone who turned down a raise, a promotion, or more work hours? It is often for the same
reason: they don't want to want to work more or take more responsibility for the same pay, sometimes less pay.
That is what can happen when moving into a higher income bracket means moving into a higher tax bracket.
You don't just pay more in taxes, you pay a higher tax rate. The steeper the tax ladder, the steeper the climb
to success.

The rich are usually the people least affected by taxes on the rich. They have lawyers and lobbyists and
loop-holes to get around their taxes. It makes sense that some politicians who want to tax the rich are often
the same ones who never had to climb that ladder, and who don't pay income tax. The Kennedys,
Rockerfellers, Gores and Chafees inherited their money. John Kerry and John McCain married theirs.
The fairest system for all Americans is this: You pay the same amount per dollar, no matter how many dollars
you make. That is called a flat tax, and it flattens your climb to the top.