It will work at first until they run out of other peoples money.
This is insanity. They are talking about sucking another $1.6 Trillion out of the private sector through increased taxes, without doing anything to cut spending. When the new taxes run out the deficit will be even larger and they’ll be asking for yet another tax increase on “the rich”. Only next time, there will be far fewer “rich” to fleece. They have the golden goose on the chopping block and are about to lower the axe. Going to war with the producers in America is national suicide.