A troubling trend has cropped up in our country. According to a recent poll from The Hill, 59 percent of Americans favor raising the tax rate to 70 percent for wealthy Americans, a plan in line with the most radical tax proposals currently in vogue in D.C.
Those who favor such a plan have bought the idea that successful people don’t pay their fair share, and they’re willing to take even more money to expand government programs for the poor and middle classes.
There’s just one problem: tax hikes never just affect the rich, especially not with the kind of big-government proposals being peddled by certain members of Congress.
As Kristin Tate explains, "taxing the rich" ends up hurting folks at lower income levels much more:
Jacking up income taxes harms the economy, leads to higher interest rates, and does not generate additional revenue. In the long run, the working and middle classes suffer far more from such a regime rather than wealthy people with liquid assets.
Raising the highest income tax bracket without sufficient relief will ensure that the rich will simply send their money to where they can keep the most of it, which is often overseas.
What's more, we can’t pay for Medicare for All or the Green New Deal by just raising taxes on wealthy Americans. All Americans -- including poorer Americans -- will have to give more of their hard-earned money to the federal government. The mainstream media doesn’t mention this crucial fact, but taxing the rich will lead to a larger, more invasive federal government for all Americans, no matter their tax bracket.
While some folks have believed the elitist lie, others have decided to fight back. The nationwide Article V movement is gaining steam because it’s the only real, permanent solution to an ever-expanding federal government.
Article V of the Constitution allows the people and the states to call a Convention of States for the purpose of proposing amendments to the U.S. Constitution. These amendments can both force Congress to balance the budget and cap taxation and spending.
This complete package of amendments will ensure that big-government, high-tax proposals never see the light of day, giving the American people more freedom to decide what to do with their money.
Get involved by signing the Convention of States Petition below!