There could be a 10% wealth tax on all who have net worths of over $1 mil or over $1 thou and it might pay for it all one year but it could only be done once, and the expense continues year after year.
Well, there you have it. These plans are simply unaffordable. If you could somehow levy an accumulated wealth tax and still not pay for everything long term, then by definition, these plans are unaffordable.
I do worry about inflation long term. What if the government prints more money and puts in circulation, to try to pay for accumulated liabilities such as Social Security?
How far away are we from becoming Greece, is another discussion I wish we would have in political campaigns.
Candidate Obama was shocked that the national debt had reached about $9 trillion when Bush 43 was president. But President Obama and Dem. candidates for pres. now have nothing to say about a debt which is officially about $18 trillion and counting.