The rich have so much money that even if they lost most of it, they would be richer than a lot of American citizens. If the wealthiest people gave a small percentage of their money to the government, it could benefit local communities, schools, and hospitals. People believe that the rich should keep their money because if it gets taken away, they would have less economic incentive to make quality products. However, it's more like the richer people get, the less incentive to make quality products they have. An example of this is Elon Musk and Tesla. Before 2020, Teslas were considered the cars of the future, but as Elon Musk got richer, he shifted his attention to how he could get control in the federal government to regulate his own taxes. Currently, since Tesla has received decreased funding, there are better cars made by alternative companies here and in other places such as China.
Here are the top political news stories for today.
Be the first to reply to this agreement.
Join in on more popular conversations.