Economics
We have many economic problems and one of the main ones are taxes. We have decided to lower taxes on the middle and lower classes, increase minimum wage and raise taxes on the wealthier classes. With the lowering of taxes and raising minimum wage people in lower classes will be able to live off of minimum wage and pay for essential things such as health care and education. Having money to do these things affects the people and the economy a lot. With more people being able to live off of minimum wage there could be more people pursuing the opportunity to make smaller businesses. With smaller businesses there won’t be so many money hungry companies paying for few employees and not providing pay raises or good insurance policies for the workers. Smaller businesses are more willing to hire more people to better their company and increase the chance they have at becoming bigger whereas most bigger companies would rather keep their money instead of paying more employees. As a company gets bigger it could start getting stingy with its money and refuse to hire more people that will require pay raises. Raising the taxes on wealthier people and lowering taxes on the middle and lower class will be more helpful to the lower classes because the wealthier class has money to spend on things that aren’t that important where lower classes struggle to pay for things like food and health care. Some lower class citizens can’t afford college to continue their education which affects the economy in a negative way because when people do not have degrees they are not as likely to be hired, and then they are stuck in a minimum wage job which is not a wage that it suitable to live on with all of the basic necessities like healthcare and sufficient amounts of food. With less taxes on the lower class there will be more opportunities for them to obtain the proper education they need. Other essential things that the lower class might not always be able to pay for are things like health care. Healthcare isn’t very cheap, so it makes it difficult for the middle and lower classes to balance their taxes and more personal needs on a minimum wage. Not many people realize the problems that the lower classes face and do not always make an attempt in fixing them.
We also believe that big companies should not get any large tax breaks because we need money to help the working class create more jobs for the people, cutting taxes on big businesses would only help the companies make more money for themselves. Realistically the main goal of a company is to make money, if they get tax breaks more likely than not it will not create more jobs, but give the people in charge of the company more money. Giving big companies control over the economy and creation of jobs is a dangerous gamble because the jobs and resources would not trickle down to the people like we would hope they would, that would be a best case scenario. Worst case scenario we cut the taxes on the big companies and they create no jobs and keep all the money they bring in, and we would still need to get the tax money that would originally have come from the companies, which means we would have to tax the people, and if no new jobs are being created then they will not be able to afford the increase in their own taxes, and if we cut taxes for everybody the economy would crash because we need tax money to keep everything like schools and other public facilities up and running.
We also believe that big companies should not get any large tax breaks because we need money to help the working class create more jobs for the people, cutting taxes on big businesses would only help the companies make more money for themselves. Realistically the main goal of a company is to make money, if they get tax breaks more likely than not it will not create more jobs, but give the people in charge of the company more money. Giving big companies control over the economy and creation of jobs is a dangerous gamble because the jobs and resources would not trickle down to the people like we would hope they would, that would be a best case scenario. Worst case scenario we cut the taxes on the big companies and they create no jobs and keep all the money they bring in, and we would still need to get the tax money that would originally have come from the companies, which means we would have to tax the people, and if no new jobs are being created then they will not be able to afford the increase in their own taxes, and if we cut taxes for everybody the economy would crash because we need tax money to keep everything like schools and other public facilities up and running.