aid632007
05-26-2011, 02:46 PM
Is it really fair to raise taxes on the Rich/Wealthy when the fact is that there are many rags to riches stories many immigrants and their families came to America and worked their way up the ladder there are small businesses who have become big/large businesses getting Richer is the American Dream.
Frequently Asked Questions about Capitalism
If you don't see your question here and you have a question you would like us to answer, please ask. We'll pick from the best questions we receive and put them on our website.
Question: Under capitalism, what will happen to those who are born without the wealth and opportunities enjoyed by others? Doesn't capitalism make the rich richer and the poor poorer?
Answer: Quite the opposite. Capitalism is the one system that leaves everyone free to rise by his own efforts. The history of capitalism provides countless instances of people who improved their lives through work and ability. There are the millions of immigrants who came to America and worked their way up to the middle class—or higher. One of the great historical examples was Andrew Carnegie, who rose from a penniless sweeper at a steel mill to revolutionize the steel industry and make one of the largest fortunes of his day. It is no coincidence that 19th century America—the most purely capitalist era in the nation's history—brought us the phrase "from rags to riches."
http://www.capitalismcenter.org/philosophy/FAQ/
Frequently Asked Questions about Capitalism
If you don't see your question here and you have a question you would like us to answer, please ask. We'll pick from the best questions we receive and put them on our website.
Question: Under capitalism, what will happen to those who are born without the wealth and opportunities enjoyed by others? Doesn't capitalism make the rich richer and the poor poorer?
Answer: Quite the opposite. Capitalism is the one system that leaves everyone free to rise by his own efforts. The history of capitalism provides countless instances of people who improved their lives through work and ability. There are the millions of immigrants who came to America and worked their way up to the middle class—or higher. One of the great historical examples was Andrew Carnegie, who rose from a penniless sweeper at a steel mill to revolutionize the steel industry and make one of the largest fortunes of his day. It is no coincidence that 19th century America—the most purely capitalist era in the nation's history—brought us the phrase "from rags to riches."
http://www.capitalismcenter.org/philosophy/FAQ/