If the US government raised the taxes on the wealthiest Americans, there would be very little impact to our countries economy and economic growth. Taxes should not be raised because we will simply be bringing the poorest American citizens up to the middle class, and the wealthiest citizens back down. By raising the taxes, we will be limiting the number of people that can afford to by products produced in the United States. This would cause our country to continue in our recession because no jobs would be added. These products would not be purchased because items that are produced in America more frequently have a much higher starting value than those produced in other parts of the world including China, India, and Japan
Since Walmart began to sell products from over seas, there have been 7 million manufacturing jobs lost in the United States. As Walmart continues its search for low prices, it will continue to put even more people out of jobs. By raising the taxes, we will only be supporting these large companies and the countries that manufacture their products. The manufacturing buildings that sell their products in national/global stores, are located in places in the world where they can get away with having cheap laborers, and have poor working conditions.
If our government follows through with their current plans to raise the taxes, our country will simply be lengthening the duration of our recession. It is a necessity to create more jobs in America. Raising our taxes is only going to create these jobs in other globally noted regions. It is important that we begin making our own American-made products which will create more jobs in our manufacturing sector. This will then help our overall economy because our government will not carry the burden of supporting the lower class. As this happens, our economy will see major economic growth. At one point, we will cease to experience major, never-ending recessions.
The American Dream is not currently achieved in society as it has in previous decades. People who came to the "New World", came for prosperity, independence, and a new beginning. They came to do better than their parents had. Our job force has slowly transferred from a time of manufacturing industries to the current reliance on government and service jobs. If you work in the manufacturing industries, as did our parents and grand parents, you will have a consistent salary. As our global populations increase, more products are needed. Many of the countries that we trade with, take advantage of the amount that we consume. The United States needs to capitalize on the fact that we consume more than any other country in the world. One way that we could create jobs for the people to follow in our footsteps, is by expanding our manufacturing sector to the level that they were in previous decades. By raising our taxes, we will only be increasing the number of people not accomplishing the American Dream.
