Essay: With Increased Taxes
With the increased taxes, the unemployed will obviously encounter decreased standards of living as their income is reduced. They will have less disposable income and less purchasing power. Taxes on businesses may also lead to laying off some employees. This can lead to a negative multiplier effect. The unemployed individuals will not be able to spend, as they need to. Local businesses may suffer due to the job losses reducing the sales and purchases as well.
Taxing the poor exacerbates poverty further. Taxes may appear fair and justified but may have punitive effects on the poor exacerbating the initial conditions that pushed them into periphery areas. Taxation policies have a strong correlation with variables such as infant mortality, early mortality, obesity, crime, and high teen pregnancies. Offering a uniform federal insurance policy might eliminate many of the imminent differences (Hutchinson 45).
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