It is impossible to reduce poverty and increase wealth. In order to reduce poverty welfare must be increased, giving more people in poverty a chance to get themselves out of poverty. However, in order to raise money for welfare, taxes must be raised. If taxes are raised, money will be taken away from the wealthiest 1 percent who pay 37 percent of the income tax (Moore 1). This, in turn, will detract from the wealth of the nation and simply spread around the wealth. Spreading the wealth sounds a great deal like socialism, and any sign of socialism would be unacceptable in the United States. I cannot think of a way to solve this issue. If I did, I would be a world renowned economist. If the issue is to be solved, I cannot see it being solved any time soon.
Moore, Stephan. "Guess Who Really Pays the Taxes." The American. American Enterprise Institute, Nov.
2007. Web. 23 Oct. 2011. http://www.american.com/archive/2007
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