Actually, if the government confiscated all the income and property of the rich, we'd still be running deficits.
What we need to do is cut the expenditures and expenses of the federal government ~
Chambless is engaging in brain ausfahrten ~ he imagines you can collect enough taxes to reduce debt.
Actually, if the government confiscated all the income and property of the rich, we’d still be running deficits.
What we need to do is cut the expenditures and expenses of the federal government ~
The anticipated “revenue” from increasing the taxes on rich is around $80 billion. Obama spends $1.5 TRILLION PER YEAR MORE than what comes in as tax revenue to the federal government.
Math apparently is too difficult for Obutts to understand that taxing the rich does not mean balancing the books.