~The basic idea of taxation. (OPINION). US.

Personally, I see taxation as Reagan did in his years as president of the United States.

As it stands the rich are being taxed 33-35% of their earnings each year. The even richer upwards of 40-44% of their earnings.

The basics of Reaganomics is the trickle effect. Seeing as it worked in his time, it will work in ours as-well. The trickle effect as always starts with the rich and ends with the poor. Lowering tax rates for the rich will then provide them with more money to invest.

Now I am not saying that all rich people will invest their money into building companies, but, most do. To start you have fairly rich person making roughly 10-20 million a year. That is a lot of doe, what do you think he will do with it. Spend it on something pointless like a car, which is very unlikely. Rich people tend to love money and want to make more so they will invest in starting a company or invest in stock shares in a company. In turn the trickle effect comes into play. The starting of that company or the investment of stock shares into another company will then make it more money. Thus, creating more jobs for the poor people of the world.

Basically, the people of the United States would be better of going by the guidelines of Reaganomics. Reaganomics WIKI: http://en.wikipedia.org/wiki/Reaganomics

Discuss.