More Millionaires Than Anywhere Else
Why are we looking at the fact that the United States has the most millionaires as a good thing? While I agree it's great that the American Dream is alive and well, shouldn't we be worried about what makes this country work? It's not the rich millionaires that make this country go. It's not the super-powerful investors that make this country go. It's not even the rich politicians sitting in their fancy offices that make this country go. What actually makes this country go?
The middle class.
We seen to forget that our country's Democracy works as a result of our large middle class. Look at countries where Democracy does not work: Egypt, Iraq, and China. Do you know why Democracy doesn't work in these countries? Democracy in these countries does not work because there is a lack of a middle class. Our middle class here in America still prospers...for now.
Tax cuts for the rich are supposed spur on business and trade. Tax cuts for major corporations are supposed to be incentives for those businesses to stay in America rather than outsourcing to other countries where it's cheaper to do business. Our general population is becoming more specialized in its education, jobs, and consuming of products. These occurrences are great at first overview, but let's take a look at what effect this has on the rest of the country and primarily the middle class.
Tax cuts for the rich that spur on business and trade are putting more of a burden on the middle class. The upper class now has to pay less on their taxes, and this means that the middle class is left to pick up the rest of the tab. Major corporations now have to pay less on their taxes, and, once again, the middle class is left to pick up the rest of the tab. More and more people are earning advanced degrees, getting more specialized jobs, and purchasing more personalized products and services, and, once again, the middle class is left in the dust as a result.
The gap between rich and poor continues to widen, and the middle class continues to get stretched thin to try and fill that gap. When you take something and stretch it far enough, eventually it will break.
Works Cited:
