He also recommended a “Carbon Tax” scheme, increased gasoline taxes, Cap and Trade with a carbon tax, and increased income taxes. Volker also recommended defense cuts.
"The problem with socialism is that eventually they run out of other peoples money."
If all these taxes were passed, why work? I'd advise my kids not to. They might as well play for awhile and live off all the taxes their parents have already paid. That way, our family breaks even. In the end, the government gets nothing from us.