Respuesta :
So, I’m just going to give you the facts & you can write it out for your assignment! Hope this helps!
Debate question: Should wealthy people pay higher taxes than the poor?
For:
- Reason 1: A wealth tax would help reduce wealth inequality, which is at historically high levels.
Support- The “share of income and wealth held by affluent families have reached historically high levels” -- -- the top 1% of families own a greater share of the nation's wealth (38.6%) than the bottom 90% of families combined (22.8%). Federal Reserve - Survey of Consumer Finances
- Reason 2: A wealth tax will increase tax revenue to the federal government and allow funds to be redistributed.
Support: A study from UC Berkeley suggests that a wealth tax could raise $2.75 trillion in tax revenues over a ten-year period. This tax revenue could be redistributed to lower income individuals and promote greater wealth equality. UC Berkeley & Brookings Institution.
- Reason 3: A wealth tax would create a more level playing field for smaller players in politics and business.
Support: Accumulation of massive wealth may influence the political process via lobbying and campaign financing. Brookings Institution
Against:
- Reason 1: A wealth tax punishes success and will hurt the economy by discouraging business investments.
Support: Roughly 80% of millionaires in the U.S. earned their wealth instead of inheriting it. A wealth tax unfairly punishes success of individuals who, on average, work more hours than lower-wage earners. Cato Institute
- Reason 2: We should learn from Europe that a wealth tax will likely miss its main objective of raising more tax revenue.
Support: A recent study demonstrated that a wealth tax is easy to avoid. In Switzerland, which has the highest tax rate, top earning Swiss families appear less wealthy as they’ve found ways to hide wealth in response to high taxes. A 1% wealth tax lowers reported wealth by 34.5%. National Bureau of Economic Research
- Reason 3: A wealth tax may be deemed unconstitutional and be an ineffective means to curb wealthy individual’s influence.
Support: A wealth tax will likely be challenged as unconstitutional according to Article I, Section 9, which creates restraints on “direct taxes” levied by the federal government. American Enterprise Institute
Anyways, hope this helps you!
Debate question: Should wealthy people pay higher taxes than the poor?
For:
- Reason 1: A wealth tax would help reduce wealth inequality, which is at historically high levels.
Support- The “share of income and wealth held by affluent families have reached historically high levels” -- -- the top 1% of families own a greater share of the nation's wealth (38.6%) than the bottom 90% of families combined (22.8%). Federal Reserve - Survey of Consumer Finances
- Reason 2: A wealth tax will increase tax revenue to the federal government and allow funds to be redistributed.
Support: A study from UC Berkeley suggests that a wealth tax could raise $2.75 trillion in tax revenues over a ten-year period. This tax revenue could be redistributed to lower income individuals and promote greater wealth equality. UC Berkeley & Brookings Institution.
- Reason 3: A wealth tax would create a more level playing field for smaller players in politics and business.
Support: Accumulation of massive wealth may influence the political process via lobbying and campaign financing. Brookings Institution
Against:
- Reason 1: A wealth tax punishes success and will hurt the economy by discouraging business investments.
Support: Roughly 80% of millionaires in the U.S. earned their wealth instead of inheriting it. A wealth tax unfairly punishes success of individuals who, on average, work more hours than lower-wage earners. Cato Institute
- Reason 2: We should learn from Europe that a wealth tax will likely miss its main objective of raising more tax revenue.
Support: A recent study demonstrated that a wealth tax is easy to avoid. In Switzerland, which has the highest tax rate, top earning Swiss families appear less wealthy as they’ve found ways to hide wealth in response to high taxes. A 1% wealth tax lowers reported wealth by 34.5%. National Bureau of Economic Research
- Reason 3: A wealth tax may be deemed unconstitutional and be an ineffective means to curb wealthy individual’s influence.
Support: A wealth tax will likely be challenged as unconstitutional according to Article I, Section 9, which creates restraints on “direct taxes” levied by the federal government. American Enterprise Institute
Anyways, hope this helps you!
Banter question is should well off individuals pay higher assessments than poor people.
What is context of debate?
An abundance assessment would assist with diminishing abundance imbalance, which is at generally undeniable levels.
The portion of pay and abundance held by well-to-do families have arrived at generally significant levels the top 1% of families own a more noteworthy portion of the country's riches (38.6%) than the base 90% of families consolidated (22.8%). Central bank - Survey of Consumer Finances.
An abundance duty will increment charge income to the national government and permit assets to be rearranged.
A review from UC Berkeley proposes that an abundance expense could bring $2.75 trillion up in charge incomes north of a ten-year time span.
This expense income could be reallocated to bring down pay people and advance more prominent abundance correspondence. UC Berkeley and Brookings Institution.
An abundance duty would make a more level battleground for more modest players in legislative issues and business.
Accumulation of gigantic abundance might impact the political interaction by means of campaigning and mission funding. Brookings Institution.
For more information about debate, refer the following link:
https://brainly.com/question/16078335
#SPJ2
