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Running Head: WHY SHOULD THE RICH PAY HIGHER TAXES 1 Why Should the Rich Pay Higher Taxes Name Institution Affiliation Date Debates regarding taxes on wealthy Americans have been in existence for many years. In fact, it majorly featured in the 2016 general election campaigns where the fiscal, moral, and economic implications of raising taxes on high earners were discussed. Besides, wealthier Americans do not support the suggestion of paying higher taxes stating that they pay most of the income tax. However, various reasons exist concerning why the rich should be taxed more. Therefore, this essay presents an argument about why the rich should be taxed more due to economic growth and income disparity. According to Scheve and Stasavage (2016), for the rich to pay higher taxes, it makes an economic sense. The authors argued that making the rich pay for projects and programs (national defense and infrastructure) that helps the middle class as well as the poor makes common sense economically. In other words, funds allocated to programs including food stamps, affordable health care, Pell grants, and Earned Income Tax Credit or offered to the middle class and
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  • Fall '17
  • jane
  • Taxation in the United States, higher taxes

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