How Increasingly Taxing The 1% And Corporations Can Hurt The Economy

How Increasingly Taxing The 1% And Corporations Can Hurt The Economy

It’s a beloved narrative: The wealthy need to pay their fair share. But just how much of what an individual or corporation earns from their labor is the government justifiably entitled to take? Opinions vary, but the current administration has focused on raising the amount the nation’s wealthiest pay in taxes. The target of recent proposals are those in the top 1% income bracket as well as corporations. But when taking a closer look at the numbers and how they play out when taxes are increased or decreased on top earners, I believe it becomes less straightforward than, “Tax those who make more even more, and everyone wins.”

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Julio Gonzalez

Julio Gonzalez

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