The rich are not paying their fair share
8 April 2025
In the United States, the wealthy are not paying their fair share in taxes and should be taxed more, not less. This is my perspective as a small business owner of 50 years. Here's why:
First, the federal government spends a significant portion of its budget protecting the wealth of the rich, primarily through the Departments of Defense, State and Justice, which work to limit the threats of war and crime. While everyone benefits from security, the wealthy enjoy far greater protection, as their assets are more at risk. Therefore, they should contribute more in taxes because they receive a disproportionate amount of protection.
Second, the federal government prioritizes maintaining and developing a strong economy, which disproportionately benefits the rich. While a strong economy benefits everyone to some degree, it is the wealthy who gain the most, as evidenced by economic data. This is another reason they should pay more, as they enjoy a greater share of the benefits.
Third, federal programs that create societal stability primarily protect the rich. The wealthy are able to live without fear of constant threats to their property because of government initiatives. If the public perceives that the government exists mainly to serve the interests of billionaires, it could lead to unrest or even violence. For the stability that ensures the protection of their wealth and safety, the rich should pay more in taxes.
In fact, it’s in the best interest of the wealthy to support policies and taxes that help the middle and lower classes. While higher taxes might affect me personally, as a competent business owner, I should be able to adapt to changing tax rates and continue to succeed.
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