We need our successful and innovators to be a successful society.
The American dream is all about getting ahead and living the good life. Sure, I want them to pay their taxes and pay their workers better, but to say why do we need the rich is kind of like saying why do we need successful people?
Looking at Haiti or Zimbabwe we can see two systems that have very few successful people and a lot of people that just don't care. I don't want that for America. Think good and hard Op.
The fight needs to be about regulations and a hybrid system of capitalism.
Mathew,
There has been many surveys and I know some very successful self made $100m+ guys... And money is not what drives them in the morning.. A lot of them have developed a very interesting working environment for them to thrive... I noticed myself when I started to grow my own company, as soon as you get into a comfort lifestyle you are driven more by the challenge rather than greed.
Some complain about tax, some don't... I know a lifelong Republican who loved Clinton because he created an environment to do more business...
So can rich pay more? Off course they can and probably should... Empirical data used with the Laffer Curve strongly indicates that 70% taxation doesn't affect major earners. There is a large distance between 20% and 70%... I would think 55% would be far fairer...