The rich should pay more taxes?

image from itmakessenseblog.comWhen I hear people suggesting the rich should pay more taxes I shudder because usually it is nothing more than class warfare with an objective to continue to divide people.

Tax the rich is such a broad statement, leaving out so many details, it borders on criminal. How is rich defined? What's wrong with success? How is poverty eradicated? Should governance be about "equalising outcomes" to the detriment of everyone?

How does a group of people sitting in the Boardroom at the Ministry of Finance or in Parliament know the personal circumstances of each individual in The Bahamas and how their money is allocated that they can simply decree they should pay more taxes?

An individual or couple might be saving to open a business, or paying college fees for their children, supporting their family members or simply saving for retirement in the hope they will not be a burden on other taxpayers. The list of possibilities is endless.

Of course, existing tax laws should be enforced, but if they are only laws for some people, as we know they are, then they should be removed from the books. While they're at it, don't forget to stop the giveaways and close the loopholes.

I also find it insulting that government can continue to spend far more than it earns, often on dubious things, and then sit back and with a stroke of a pen take more money from the taxpayers. Besides, if the parliamentarians and others that think they should pay more then simply write a cheque to The Bahamas Government.

A country needs everyone to succeed – rich, poor, middle class etc. Destroying one group based on the rhetoric that you are helping another is dangerous territory.

We should be above sound bite politics.

I weep for my country.

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