All that text book answer would be true if we weren’t closing in on 30 trillion in debt with one trillion in interest payments every year into perpetuity we have to get our fiscal house in order, I’m not optimistic
We do need more free enterprise, we need less government spending but we also need more revenue and that means more taxes from the very wealthy
If we keep going we will have nothing left but poverty and the wealthy and that leads to social unrest
BTW, I’ve read Atlas Shrugged 3 times
Surely you are aware that if you confiscated 100 percent of the wealth of the top 5 percent of the wealthy you could run the govt for a couple months,then poof,no more money?
increasing taxes on a segment of the population to pay for increased spending is never the answer,but it is definitely the reason we are here,now.
raising taxes on the rich is a rat ploy,as well as numerous rinos. Any tax raised on ANYONE is merely a tax on the average consumer who ends up paying for the increase. Raise my taxes,i raise my fees to compensate.every business does this.so who ends up supporting the increase?same argument goes for min wage,and forced tips,andother fees placed on the wealthy or business owner. It gets paased on as increased cost,every effin time. Yet people still clamor for raising tax on the rich,yeah those geys,screw them,not us,right? Better get a second job,to pay for that tax hike on the rich that you support.