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The “Tax the Rich” Delusion of the Democratic Left

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,757
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"Just pay for it"..... lmfao....

https://www.thedailybeast.com/the-tax-the-rich-delusion-of-the-democratic-left

The Democrats’ incoming House majority—and its Senate caucus of presidential wannabes—are about to face fiscal reality.

When confronted with how to pay for their extraordinarily expensive policy agenda, the answer of liberal lawmakers, analysts, and advocates is nearly always the same: tax the rich.

How to close the $12 trillion baseline budget deficit over the next decade (a figure that already assumes the 2017 tax cuts expire)? Tax the rich.

How to pay for the $42 trillion Democratic socialist agenda that includes single-payer health care ($32 trillion), a federal jobs guarantee ($6.8 trillion), student loan forgiveness ($1.4 trillion), free public college ($800 billion), and infrastructure ($1 trillion)? Easy. Tax the rich.

How to offset Sen. Kamala Harris’ proposed $3 trillion tax cut for middle- and lower-income families? Tax the rich.
 
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