Title: Conservative Arguments Against Progressive Taxes | Pocketsense
Headings: Conservative Arguments Against Progressive Taxes
Conservative Arguments Against Progressive Taxes
Hurting Job Creators
Punishing Success
Class Warfare
Inequality
Writer Bio

Content: Conservative Arguments Against Progressive Taxes | Pocketsense
Conservative Arguments Against Progressive Taxes
•••
Jupiterimages/Photos.com/Getty Images
By: Gregory Hamel
Updated December 12, 2019
Share It
Share
Tweet
Post
Email
Print
Related
6 Tips to Save Using the Most Popular Food Delivery Apps
Learn More →
Government agencies rely on taxes for the financial resources they need to provide a wide range of services and benefits, from building roads and parks to funding welfare programs and national defense. Some taxes, such as the federal income tax, are progressive in nature, meaning you pay a higher percentage of your income as you make more money. Progressive tax systems tend to be unpopular among financial conservatives for a variety of philosophical and economic reasons. Hurting Job Creators
Conservatives believe the wealthy are vital to the economy because they create the businesses and make the investments necessary to create jobs. Taxing wealthy people at high rates leaves them with less cash left over to put into their businesses and other investments, so they create fewer jobs. Fewer jobs means there are fewer workers earning income that the government can collect taxes from, which ultimately reduces tax revenue. A common conservative argument is that reducing taxes will increase hiring and economic growth, creating more income that the government can tax, which makes up for the revenue lost by lowering tax rates in the first place. Punishing Success
Since progressive tax systems make you pay more as you earn more, conservatives argue that such systems punish success, which leads to undesirable consequences. For instance, conservatives argue that progressive taxes create a disincentive to work hard, which hurts productivity and makes people more likely to rely on government assistance.