Taxing rich will hurt already employed, at all pay levels
But one consequence of taxing the rich I have yet to hear anyone mention, who will be the consumers if they have less income once their taxes are paid? Who will be building a new home or hiring the local remodeler? Who will be purchasing that new car or new furniture? Who will be dining out every weekend? Or having their hair and nails done, stopping for a latte, or hiring the yard and cleaning help? Who will be able to afford vacationing in Wisconsin or at popular tourist attractions across America?
American tourism already seems down in the U.S., at least from what I have observed. Hearing a foreign language or accent at Yellowstone or Grand Canyon National Parks is the norm. Last fall, my sister and I observed that Disney World would really be hurting if it weren't for the Brazilians spending their dollars at the Kingdom of the Mouse. An American accent was in the minority at all locations.
But it isn't just the business owners' ledger that takes the hit when tourists cut back, its all the employees at these businesses that feel it too. If Disney, the largest employer in the U.S., the National Parks or even Wisconsin Dells, for that matter, experience a downturn, then area hotels don't need as many housekeepers. Restaurants cut hours or move employees to part time. Peripheral tourist attractions such as raft rides or water parks lose business.
If consumers cut back, because they don't have as much disposable income as they used to, the carpet, furniture, clothing, and tech. stores suffer a loss. That loss is passed on to the employees; the management cuts hours, sometimes pay, sometimes benefits, and often terminates employees.
Of course the truly wealthy will still do and buy these things or just move out of the country, but the $200,000 - $250,000 earners, who file their business taxes on their personal tax returns, will be hurting.
And if you think you aren't one of those upper 2% earners, so your paycheck will be untouched, think again: ObamaCare taxes are coming our way in 2013. More than likely the Payroll Tax Cut will expire, resulting in less take home pay.
So if all of us have less money in our pockets, who will be the purchasers? How will that effect your job?
Contact your Representatives and Senators
Find your U.S. Senators by last name
Wisconsin's U.S. Senator Ron Johnson (202) 224-5323
Wisconsin's U.S. Senator Herb Kohl (202) 224-5653
Find your U.S. House of Representatives member by state
House Representative James Sensenbrenner Washington D.C. (202) 225-5101, Brookfield (262) 784-1111
*Class warfare and even the term middle class are Marxist terms
Past Post: Tax the rich? Every job I had was because of richer person!
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