Title: Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation - Soapboxie
Headings: Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation
Why the Rich Should Be Taxed More: Moral Argument for Progressive Taxation
Moral Justification for a Progressive Tax
Taxes on the Rich
Community, Exchange, and Wealth Creation
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Taxes on the Rich
The main reason the rich should be taxed at a higher rate is simple: They have utilized the system more. The two main factors that lead to wealth creation are (1) personal effort and (2) the socioeconomic system. Both are essential. A person can work extremely hard and try their best to start a business or get a good job. But if that person is illiterate and has received no formal education, and if they live in a country with no electricity, rampant crime, and no paved roads, bridges, trains, or airports, no matter how hard they work, it will be almost impossible for them to amass significant wealth. On the other hand, an individual who benefits from a peaceful, modern, well-run society, but does not work at all, will also fail to amass significant wealth. So both individual hard work and the larger socio-economic environment are essential for personal wealth. A high-earning individual has not only worked hard but has also benefited a great deal from the larger system. The community's infrastructure, security, and human capital (education and skills) are the background factors that have made their wealth possible.