There Are Two Little Problems With “Taxing the Rich” to Pay for “Free Everything”
29th April 2019
Here are the two little problems with “taxing the rich” to pay for trillions of dollars in new freebies:
1. Taxing the super-rich won’t really move the needle much when the federal government spends $4.7 trillion annually.
2. Trying to double the taxes they pay from 35% to 70% will only push them to increase their their spending on political adjustments that cost a fraction of the proposed taxes they will pay if they do nothing.