What an economic illiterate.
The correct answer here is to turn the tables and ask Wallace how he is going to pay for the 98% of taxpayers who make less than $250,000 which is 3 billion--over ten years--(the real cost to the budget which will all have to be borrowed which is what the regime wants-- more spending to destroy capitalism) over ten years.
The other 2%--those who make over $250,000 and (actually create jobs which means you don't have to pay for what they do) costs 700 billion just to be accurate.