Raising taxes is not the answer.
Now, let’s say someone is making $60,000 a year. They pay under only 1-5 thousand and that is 5% of their income if the paid $3,000 in taxes. Someone who makes $2,000,000 pays 40% in tax revenues, and they will pay $800,000. Now, someone who makes money off capital gains pays about a 15% tax rate. So let’s say they made $10,000,000 in capital gains. They pay $1,500,000 in taxes.
Now that leaves them with $8,500,000, but that isn’t including other taxes. Also almost all top 1% give huge sums of money to charity, hospitals, grants, foundations, and some of them start their own foundations like Bill Gates. He and his wife started the Bill and Melinda Foundation. Also, if we tax the 1% in a way that France does, the 1% will flee the nation and go to a third world country, or a nation where they will be be able to keep their money.
Falling off a ‘fiscal cliff’ : US politicians are debating tax rises and spending cuts but are the doomsday scenarios being evoked credible? A rather interesting article from Al-Jazeera: http://www.aljazeera.com/programmes/insidestoryamericas/2012/11/201211276956215111.html
The main issue with your writing, and there are a few, is that you are very one sided. I understand that your personal beliefs may conflict with the opposite side’s views, but in leaving out the valid (and non-valid) points made by other parties and people with other beliefs you are detrimenting your own writing because you are stating your views, and you are unable to question the ideas of others and prove your own through this.
To Lauren: It’s a student-run newspaper, what do you expect?
To James: I understand that, I don’t expect it to be perfect, but just because it is a student newspaper doesn’t mean that improvement isn’t necessary. Believe it or not I am a student too. I am a ninth grader at another high school, and I was just voicing my opinion on the writing.