Sunday, April 7, 2019

On the Fact that Taxing Income of Over $10,000,000 a Year at 70% Would Only Garner $291,000,000,000 In Revenue Over 10 Years (and Probably Less than that Due to the Deleterious Effects that Such a Confiscatory Rate Would Have On the Economy but for the Sake of Argument We'll Go with it) - https://taxfoundation.org/70-tax-proposal/

Yeah, that's a lot of cash, but unfortunately it would only pay for approximately 0.9% of the left's Medicare for All plan which tallies in at $32,000,000,000,000 (according to the Mercatus Center which if anything lowballed it) over those same 10 years. Clearly, they're going to have to raise additional revenue (not just for Medicare but for free college tuition, the Green New Deal, their Universal Basic Income plan, etc.) and if I had to guess I'd wager that they'll either stick it to middle-class or fire up the printing press and institute yet another Ponzi scheme...….Or put it on the credit card. They could do that as well (with all of these strategies inevitably leading to an economic collapse, in case you were interested). LOTS OF OPTIONS!!

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