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Reply to "How can we reduce the national debt by $1 trillion?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Tax the super rich. No one should have enough money to buy a president anyway. Solves two problems. [/quote] Cato, 2023 ran the math. If Congress confiscated every dollar earned by individuals and businesses past their first $500,000, it would still be about $200 billion short of covering the cost of next year’s projected $1.7 trillion deficit—unrealistically assuming no behavioral or other economic effects from taxing 100 percent of earnings.[/quote] So just keep allowing the felon to not pay zero taxes while serving taxpayers?[/quote] What’s confusing you? The math does not add up to fix the deficit by taking the rich even if you take it all. [/quote]
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