| ▲ | jack_h 5 days ago | |||||||||||||||||||||||||||||||
The economic projections I’ve seen have shown taxing the rich will increase tax revenue by around 1.5% of GDP. We’re slated to borrow 7.3%. That math doesn’t work. To be fair, the republican math with cuts (assuming no tax cuts) also doesn’t work. Neither side is serious about this issue. | ||||||||||||||||||||||||||||||||
| ▲ | PaulDavisThe1st 5 days ago | parent | next [-] | |||||||||||||||||||||||||||||||
How can there possibly be an answer to "how much will tax revenue increase if we tax the rich" without specifying how much we tax the rich, and how we define the rich? | ||||||||||||||||||||||||||||||||
| ▲ | 9283409232 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||
Taxing billionaires is just one of many necessary steps but it is the most important and vital step in my opinion. There are fundamental problems with how the US is run down to the local level but it starts with taxing billionaires and getting money out of politics. | ||||||||||||||||||||||||||||||||
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| ▲ | mola 5 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||
You can tax the rich, and then cut less of the good stuff. Or you can cut taxes and decimate everything. Guess what the billionaire class chose. | ||||||||||||||||||||||||||||||||
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