President Barack Obama, in his first weekly radio address since Congressional elections, said he is willing to work with resurgent Republicans but feels the country can't afford giving tax breaks to the wealthy.
Mr. President, it is not your money. It is not your job to "improve" the economy. Why is that you think the middle class is more deserving of their money than the wealthy? You want to save this country? You love this country? You want this country to be prosperous again? Get out of our way!
1) The economic argument
The Historical Lessons of Lower Tax Rates
Does Increasing Tax Rates Increase Revenue?
IMF Concludes Lower Tax Rates Can Yield More Tax Revenue
2) The moral argument:
The root of production is man’s mind; the mind is an attribute of the individual and it does not work under orders, controls and compulsion, as centuries of stagnation have demonstrated. Progress cannot be planned by government, and it cannot be restricted or retarded; it can only be stopped, as every statist government has demonstrated. -- Ayn Rand
We have a right to ever single dollar we make. We have earned it! If you would stop giving away our money to people who could not earn it, you would see the economy grow. You would see people being charitable. You would see the poorest people in this country living like kings.
Life is not fair. Some people are smarter, work harder, save more money, and enjoy learning more. They deserve to be rewarded for these virtues. Leave these people free to make the world better.
Don't steal our money, and then sell yourself as some sort of moral agent for change.
Whether rich, middle-class, or poor, in a free country we each earn our money and it is ours by right. An argument can be made for taxing in order to pay for the police, the military, and our courts, because these are things that we need the government for. To protect our lives, liberties, and property. But there is no moral argument for taking from those who produce and give to those who do not.