How Higher Taxes for The Rich Actually Hurt the Poor

Do the rich actually pay for the higher taxes when they become law? Technically, the answer is yes. But the reality is that those costs are usually just passed on to other people or spending is restricted. Either way, the net effect is often a huge hit on the economy. Millions of small and medium-sized businesses fall into the target zone for higher taxation. If a small business is hit with higher costs due to an increase in fuel prices or raw goods, those increases are usually just passed on to the consumers, and those with less disposable income see their costs rise to sometimes devastating levels. Trickle-Down Taxation If the feed for livestock increases due to demand, that cost increase is eventually added into the price of a gallon of milk or a pound of cheese. When gas prices more than double causing the transportation costs of the milk and cheese to double, those costs are also built into the prices. And when taxes (income taxes, corporate taxes, Obamacare taxes or otherwise) are raised on the businesses that either produce, transport, or sell the milk and cheese those costs will equally show up in the price of the product. Businesses simply dont just absorb increased costs. Higher taxes are treated no differently than other forms of increased costs and are typically trickled down and paid by consumers in the long run. This makes life harder for both the small businesses seeking to survive by keeping costs competitive but being unable to do so and Americans with less money to spend than just a few years earlier. Middle Class and the Poor hit Hardest on Higher Taxes The main argument made by conservatives is that you dont want to raise taxes on anyone - especially in tough economics times - because the burden of those costs eventually is spread out and hurt lower income Americans. As seen above, higher taxes are simply just passed on to consumers. And when you have many people and businesses involved in the production, transportation, and distribution of products, and they are all paying higher costs, the added costs built into the selling prices quickly begin to add up for the end consumer. So the question is who is most likely to be harmed by increased taxes on the rich? Ironically, it may be the income brackets that continue to demand those higher taxes on others. Taxed More, Spending Less Higher taxes have other consequences that can also impact the lower and mid-range income brackets more than the wealthier people those taxes are supposedly aimed at. Its simple, really: When people have less money, they spend less money. Thats less money spent on personal services, products, and luxury items. Anyone who has a job in sectors that sell expensive cars, boats, houses, or other sometimes luxurious items (in other words, anyone in manufacturing, retail, and construction industries) should want to have a large pool of people looking to buy. Sure its fun to say that so-and-so doesnt need another jet. But if I make jet parts, work as a mechanic, own an airport hangar or am a pilot looking for a job I want there to be as many jets purchased by as many people as possible. Higher taxes on investments also means fewer dollars spent investing as the reward starts to be less worth the risk. After all, why take the chance at losing already-taxed money when any returns on that investment are taxed at even higher rates? The purpose of low capital gains taxes is to encourage people to invest. Higher taxes means less investing. And that would hurt new or struggling businesses seeking financial backing. And taxing charitable donations at normal income rates would also reduce the amount of charitable giving. And who benefits the most from charitable giving? Lets just say not the rich who would simply just be forced to donate less. Liberals: Punish The Rich out of Fairness Its generally accepted that raising taxes on the rich would do little to reduce deficits, close funding gaps, or help the economy. When asked about the potential negatives of raising taxes on anyone, President Obama usually just answers that the matter is about fairness. Then what follows are lies about how the wealthy pay less than fast food workers or secretaries. For instance, Mitt Romneys effective tax rate of about 14% puts him at a tax rate higher than 97% of the population, according to the Tax Foundation. (Nearly half of Americans pay a 0% income tax rate). Its just fair to tax people who have a lot more money than everybody else. Warren Buffett said that it would raise the morale of the middle class to have the rich pay more, also using the false argument that people like Mitt Romney pay less than most middle-class Americans. In reality, a taxpayer would have to make well over $200,000 in regular income to match the Romney or Buffett tax rates. (Thats even taking into account the millions upon millions both guys give to charity, another reason for the low-for-millionaires-but-higher-than-most effective tax rate.) Its also unfortunate to think that any individuals morale would be raised simply because the government takes more and more from someone else. But perhaps that defines the difference between a ​liberal and a conservative.

Advantages Of College Tuition - 1693 Words

There have been arguments when discussing the price of attending college. The main argument that we have is whether college tuition is too expensive or not. Over the last few decades the college tuition rates have increased drastically, but is a rate increase necessarily a good or bad thing. I personally believe that the cost to attend college is too expensive especially for low and middle-income families. There are many reasons why tuition could be considered too expensive they include, rise of tuition, little financial aid, and lack of college savings to name a few. The first reason why college tuition is considered too expensive is the continuing rise of tuition itself. Between the years 1973 to 2008 tuition for a four-year increased†¦show more content†¦Weston believes that tuition only rise for rankings and paying for improvements in dining halls and staff payment. Later in the article, the amount of paying for college attendance has increased 14.1% for public and 6% fo r private. (1). With what has been seen from the past to present that tuition for college has increased and most likely will continue to do so as long as students pay to attend. Since the increase many students have went and have graduated from college, but for some they graduate with a debt to pay back as well. There are some families who simple cannot pay all at once and have to settle for loans which will lead to having a debt over there head for several years after graduating. Another reason that college tuition is considered too expensive is the little financial aid that is offered to students. In 2014 an order was signed by President Obama, created to help students and families with college debt. Obama explained, â€Å"You’ve got middle-class families who can’t build up enough savings, don’t qualify for support, feel like nobodies looking out for them.† A week later the company Starbucks decided that is student employees work about 20 hours and meet college requirements, Starbucks will pay for part of their tuition freshman and sophomore year. The payment will increase to full when they become junior and seniors. Designed to help and support employees, from failing or collecting debt.Show MoreRelatedAdvantages Of College Tuition764 Words   |  4 Pagesof financing college education either by the government or by college students. With a government funded college system, students would not be enabled to pay for tuition, providing additional benefits. Overall, our country should allow free college tuition to ensure the creation of a well-educated workforce, equalized opportunities, and decreased financial obligations for students. To begin, permitting colleges to remove tuition will result in a well-educated workforce. Free tuition would advertiseRead MoreU.s. Securities And Exchange Commission1523 Words   |  7 PagesThis program evaluation contains the overall progress of the 529 plans and the benefits. The objective of the 529 plans by the Government of United States of America is to provide advantages to the college savers in availing the tax rebates and tax reductions. The educational system is benefiting from these plans and the document provides the analysis of the factors that play their part in the providing the benefit to the sector and the overall economy. According to the U.S. Securities and ExchangeRead MoreFree College Should Not Be Banned Essay1433 Words   |  6 Pagesthat the cost of going into a university or a college has become very expensive and would want their government to provide free college tuitions much like the governments in Norway, Sweden, Germany and many other counties in Europe. Furthermore, with the increase in concern of the topic many people have wondered why doesn’t the United States or most importantly, all counties provide free college tuition and that is because in order to provide free college there has to be a change in the economic structureRead MoreBenefits Of Going Into The Workforce944 Words   |  4 PagesWhen one chooses to go to college, they are investing in their future career. Once a young adult leaves high school they have a choice to either go to college or to go into the workforce. When deciding which path they will take, they must look at both the benefits and disadvantages. The ad vantage to going straight into the workforce is being able to immediately start their profession of choice and do not have to pay off expensive college loans. The disadvantage to going straight into the workforceRead MoreShould College Tuition Be Free?1115 Words   |  5 Pagestoday’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. UltimatelyRead MoreFree College Is A Great Dream1352 Words   |  6 PagesFree college is a great dream, but not feasible. A higher education benefits not only the individual, but our country and economy as a whole. Higher tuition fees could affect students’ decision to not go to college, the government should pass a bill that limits some of the unnecessary fees that colleges charge students. The government should pay for the college education of its citizens because it is no longer an option to rely on scholarships to pay for college, they are becoming harder to get andRead MoreA Poor Solution For America s Shortcoming1625 Words   |  7 PagesA major issue in today’s society is the debate over free community college tuition. Even though some say free community college tuition would be one step closer to saving Americas crumbling lower class, community college tuition should not be completely free. An education from a community college is already very affordable even for those who are from low-income families. On top of being affordable, free community college tuition as it stands today is easily exploitable by those who don’t need itRead MoreCommunity College Or University?871 Words   |  4 Pages Community College or University Going to a community college, rather than a university, is a much more sufficient choice for high school graduates. Community colleges like Rockingham Community College (RCC), have increased benefits for the undergraduate students compared to that of a university. Attending RCC is a superior choice for most students because it is less expensive than a university, it has smaller, more flexible classes, and it is also usually closer to home and work. ThereRead MoreCollege Athletes Should Not Be Paid1203 Words   |  5 Pages College athletes receive many benefits while playing for the school of their choice. The endorsements for playing a division 1 college sport is obscene. The college athletes receive many compensations for playing a college sport including free tuition, textbooks, housing, and meal plans. Therefore college athletes should not be paid a salary for playing a sport. These college athletes are in a sense already receiving payment for their commitment to the team, due to the high tuition rate in collegesRead MoreShould College Tuition Be Paid?884 Words   |  4 PagesIn America college tuition has quadrupled in the last 35 years. College administrators like to tell the story that baby boomers paid their college tuition from the money they made during summer break. A few years later colleges decided to raise tuition price because people wanted to get a college degree. Colleges were seeing that people wanted to go to college they decided to raise the prices and make business out of it. In Germany, however college tuition is free, and by doing this Germany gets

Bite Me A Love Story Chapter 2 Free Essays

2. Test 1. The Countess Abigail Von Normal is: A. We will write a custom essay sample on Bite Me: A Love Story Chapter 2 or any similar topic only for you Order Now Emergency Backup Mistress of the Bay Area Dark. B. A Gothic hottie consumed by the banal hopelessness of existence. C. Not perky, but dark, complex, and trs mysterious. D. All the above, and possibly more. 2. The vampire Flood and his nosferatu maker, the Countess Jody, were imprisoned in a bronze shell in the pose from Rodin’s The Kiss because: A. Their love is eternal and their mingled souls will live on in romantic embrace to the end of time. B. Foo and I were pretty sure that the Countess would go FOAKES (Freak Out and Kill Everything in Sight) when she found out our plan to turn the Animals back to human. C. We just like to look at our friends, naked and bronzed, because it gets us all hot. D. I can’t believe you picked â€Å"c.† You should get a big â€Å"L† tattooed on your forehead to save people time in figuring out what a ginormous loser you are! You wish that Foo and I needed pervy preludes to stimulate our orgasmic, toe-curling soul-sex. Trust me, the sun weeps that it cannot achieve the blistering hotness of our nookie. 3. Despite myths perpetrated by jealous day dwellers, the nosferatu are only vulnerable to the effects of: A. Garlic. (Right, because pizza and the breath of vegans will quell their ancient power.) B. Crosses and holy water. (Oh right, because creatures of darkest evil are total bitches of the baby Jebus.) C. Silver. (Uh-huh, and aluminum, because that makes sense.) D. Sunlight. 4. My and Foo’s greatest challenge as minions is to protect our dark masters, the Countess and Lord Flood, from: A. Cops, specifically Inspector Rivera and his clueless Gay Bear partner Cavuto. B. The most crusty old vampire and his mysterious fashion-vamp posse. C. The Animals, slacker wastee night crew from the Marina Safeway. D. All of the above and whatnot. 5. Our best chance of defeating Chet, the huge shaved vampire cat, is: A. Mouse ninjas. B. A big hug while wearing my most fly UV-LED leather jacket, fashioned for my protection by my aforementioned muffin master, Foo. C. A saucer of tuna blood laced with sedatives and kitty-butt flavor. (I observed in his former mortal form, that Chet loves kitty-butt flavor.) D. Make a vampire Rottweiler to rock Chet’s worldview. E. Either â€Å"a† or â€Å"c,† but definitely not â€Å"d† wouldn’t â€Å"a† be trs cool? Mouse ninjas! Answers: 1: D, 2: B, 3: D, 4: D, 5: E Give yourself one point for every right answer. Score: 5. You rock my stripy socks. 4. Loser! 3. Trs Loser! 2. Such a Loser that Losers pity you. 0-1. Spare us your contagious loserness. Next bridge you pass? Over you go. How to cite Bite Me: A Love Story Chapter 2, Essay examples

United Healthcare Medicare Complete Choice Plan

Question: Desceibe about united healthcare medicare complete choice plan. Answer: This assignment aims to find a health insurance plan together with what it offers. The health insurance plan of United healthcare will be discussed. It is an operating division of UnitedHealth Group and is the leading single carrier of health in the USA (Healthcare, 2016). It is a well-known leader in the industry of health and welfare and strives to enhance the quality and efficiency of healthcare for all the citizens of the United States. For this assignment, we have selected United Healthcare Complete Choice Plan, which is as follows: United Healthcare Medicare Complete Choice Plan United Healthcare Medicare Complete Choice Plan covers receiving of care by the individuals through its network comprising of local doctors and hospitals. The care can be received through its network but generally at a high co-insurance or co-pay. In this plan, for seeing the specialists no referrals are required. It also includes the prescription for the coverage of drugs (healthcare, 2016). It insures the clients or customers get reimbursements of expenses or cashless treatment, if in case, the client falls ill. It offers a contract between an organization offering insurance and the one that considers the incurred expenses while availing the treatment. Nonetheless, the insurance company would reimburse for the treatment if the clients medical condition were covered by a health insurance policy. This health insurance plan also covers the lowest premium and it compares of its policies instantaneously. It offers family mediclaim plan at a reasonable incremental expense. It also offers other benefits like cashless hospitalization along with a variety of other services (healthcare, 2016). References Healthcare, U. (2016). Health Insurance Plans for Individuals Families, Employers, Medicare | UnitedHealthcare. Uhc.com. Retrieved 5 September 2016, from https://www.uhc.com/ Healthcare, U. (2016). Our Medicare Plan Types | UnitedHealthcare. Uhcmedicaresolutions.com. Retrieved 5 September 2016, from https://www.uhcmedicaresolutions.com/health-plans.html?zipcode=11030