Reply to Harris tax plan - raising taxes on high earners

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[quote=Anonymous][quote=Anonymous][b]The problem with "tax the rich" is that there aren't enough rich people.[/b]  If we accept that we need to balance the budget, tax revenue needs to increase among all income groups, significant spending cuts need to be made (including to Medicare, Social Security, and the military), and inflation will have to continue.  This is going to be painful.

The sooner that we start on all of this, the less painful it will be in the long term.

Or we can just continue to ignore the problem and hope it goes away, which is what is likely to happen.  I have zero reason to believe that Harris, Trump, or anyone in Congress actually has the appetite to do any of these things, especially making meaningful spending cuts.  The future is scary.[/quote]

That actually isn’t a problem at all. It’s not the number of people, it’s the assets they possess.

And the future is not scary at all. We’re just going to confiscate much of those assets and redistribute them more broadly for the health of the nation. [/quote]

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