Santorum: The Wealthy Don’t Need to Pay Taxes

Rick Santorum is not saying that rich people should not pay taxes, but that they don’t have to. His argument is that they can find loopholes to avoid the taxes. He’s right, but that is the problem. It isn’t an argument that taxes shouldn’t be increased on the very wealthy, but an argument for tax reform.

“Well, higher-income people don’t have to pay taxes if they don’t want to because they can move their money somewhere else, they can move their investments. They can stop investing. They can stop working. They don’t need to work. They’re higher-income people,” said Santorum.”

Santorum goes onto argue that lower taxes increase revenue. If the rich can avoid higher taxes, why not avoid lower ones too? However, it doesn’t quite work the way Santorum is stating. Wealthy people aren’t going to stop working or investing if they have to pay 5% or 10% more in taxes. They still will turn a good profit on an investment while sitting on their money barely keeps abreast with inflation.

The argument that Santorum unintentionally makes is that the tax system is badly broken if the 1% can avoid taxes. Civilization isn’t supposed to operate with the super-wealthy making their own rules while the rest of the population has to live under a different set.

This entry was posted in Rick Santorum. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>