Thank you for providing the link. Basically, the national debt isn’t just the government’s concern. When the government goes into the red, they use your money, taxpayers’ money, to handle the mounting costs, which are already prohibitive. Indeed, one of the most talked about debatable issue has been the mounting of national debt, and a popular sentiment on how to fix it is to begin taxing the rich at a higher rate. A majority of Americans support that idea including the students, according to various polls. Politico.com says most polls reveal that 50 to 70 percent of respondents usually are in favor of raising taxes on the wealthy. However, the wealthy make up a tiny part of the American populace. To add, America's Aug. 2 debt ceiling deal released $2.4 trillion in spending cuts but tax hikes apparently were not kosher, despite what some claim is a desperate need. According to The Economist magazine, this is as the common American citizen - a large voting constituency - fears the poor being brought near their own economic level, a “last-place aversion”. Check this out:
Why average Americans fear redistribution of wealth. Just click the link for the details.
Originally Posted by barbiegriffin
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