They aren’t taking it from the taxpayer. They are simply incurring magic money debt from the Fed. There is zero chance of us ever paying it back.
Our national income is 3.7 trillion a year. We spend 4.7 trillion a year, so we borrow a minimum of 1.1 trillion a year just to break even. With this plan we will be closing in on 34 trillion in debt. (and that doesn’t even include unfunded liabilities like SS other entitlements)
So that is roughly like a waitress making 37,000 a year, and running up credit cards by another 10,000 a year just to keep food on the table. And she has close to 500,000 in debt.
Time to turn your back on the government and focus 100% for prepping for economic collapse, and the resulting despotism and world without rule of law. We aren’t taxing our way out of this.
Worse, her 500,000 debt wasn’t spent on long-life, income-generating assets. It was blown on fancy dinners, lots of shoes, lots of booze, vacation trips to tropical islands and $25,000 designer dresses. She incurred that debt and has NOTHING to show for it.
Actually, GNP in 2020 was $21.6 trillion, not $3.7 trillion. I agree that taxing as a solution is horrible. No one ever talks about reducing spending anymore, mainly because there are so many people eating at the public trough.