You have it backwards. If the revenue is not "enough", then cut spending. Eliminate the entire welfare state, and 10% will be plenty to finance the government's legitimate functions as laid out in the Constitution.
“You have it backwards. If the revenue is not “enough”, then cut spending.”
You are preaching to the choir. The numbers make it painfully clear that federal spending is out of control. I fear that nothing short of a constitutional convention will solve this problem. I’m not optimistic.
So not only are you raising taxes on close to half the people, and a lot of businesses, you're stripping Social Security and Medicare from people who are getting it? Yeah, I'd say your plan has a great chance of passing. </sarcasm>
All well and good, but as Devil's advocate, welfare would have to be replaced by charity. How much of charity is due to the tax advantages of giving? Let's consider all the unintended consequences before jumping aboard.