Saturday, November 9, 2013

The Upper Class

The upper class gets a lot of money hence the name “Upper Class.”  Celebrities, athletes, musicians,  actors/actresses make up 1% of the people in the upper class money in the world but own 99% of the money.  The middle and lower class makes up 99% of the world and own 1% of the money.  That’s really  ridiculous and then on top of that they pay lower taxes than the middle and lower classes.  I believe that people that are making $1.5-5 million dollars a year should pay higher taxes instead of the people that make $25,000-$50,000 a year.  Some people in the middle and lower class doesn't even make  that  in a year.  After you take taxes out of  every paycheck middle and lower class makes about $16,000 a year if that.  When you take taxes from millionaires they are still making money.  It is not like they are going to go into debt or struggle stay alive.
The other most frustrating things about the upper class is that the blow their money on things they don’t really need.  Mr Kanye West for example, spent $350,000 to rent out the San Francisco Giants baseball stadium just to propose to Kim Kardashian.  He then bought her a ring that is $25,500,000.  Floyd Mayweather is a better example.  He goes to clubs and makes “it rain” with $100,000 dollars. Nicki Minaj wasting  $10,000 minimum per operation of plastic surgery.   Victoria Beckham buys  Birkin bags for $9,000 to $150,000.  Nicolas Cage bought a dinosaur skull for $276,000.  Rapper Drake dropped 50K at a strip club in North Carolina.  Lady Gaga paid $60,000 on koi fish imported from Japan.  Singer Trey Songs also pays$35,000 a month for his Hollywood Hills rentals.  Will.I.Am spent $900,000 on a new car he did not need. Pretty much most people that have money waste it on things that aren’t important.  These people  already wasting their money so why not just raise their taxes to 14% instead of 11.8%.


Wealth in the U.S. isn’t distributed to fair  at all.  In 2010 the Top 1% was making  $15,171,600 just in Mean household financial (non-home) wealth.  Where 60th-80th percentile is making $100,700 in Mean household financial (non-home) wealth.  40th-60th percentile and Bottom 40 percent are making $12,000 and lower in  Mean household financial (non-home) wealth.  Doctors, nurses, teachers, cops, and etc don’t make that much money and they actually work really hard.  They deal with serious things but football players, basketball players, actors, and other entertainers run up and down fields or sing or play a part in a movie and still make more money then important people.  What makes these people more important than people saving lives or actually does something beneficial?
I understand that the people who would put this law in effects are rich and famous and don’t want to taxes themselves and the people in the same class.
I understand that celebrities and famous people feel that they shouldn’t pay higher taxes because they would rather spend money on fancy cars, fancy clothes, fancy shoes, and all these fancy non important things.
So this class feels that they “rule the world” and shouldn’t  be the class to pay the higher taxes.  They have most of the money in the world so why wouldn’t you make them pay higher taxes.  They are wasteful and ungrateful people who don’t appreciate money.  I know people in the government that have money and agree with me because its not fair for people who actually do something with their lives and work hard.  

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