"The bill just for the Green New Deal, forgiving $1.5 trillion in student debt, and Medicare For All tops $100 trillion. No proposal for financing the cost has passed the laugh test. Most are variations of the “make the rich pay their fair share” cliché, meaning various tax-hikes that would stop the current record-setting economic boom in its tracks. The reality is, the top 10% of earners just don’t have enough money. We could confiscate outright all the wealth of America’s 707 billionaires, $3 trillion, and still not be able even to fund the federal government’s FY 2020 budget estimate of $4.7 trillion.
Nor can those evil corporations that create jobs and wealth be tapped for more funds. The Fortune 500 wealthiest companies are worth $22.6 trillion, just about enough to cover the fed’s total debt of $22.7 trillion rising as we speak. And of course, then the economy would implode. Nor can raising the corporate tax rate generate the money socialists need to fund their proposals. After all, Trump’s reduction of corporate rates has contributed to economic growth, more jobs, higher tax revenues, and wage-gains for workers. Why would voters want to throw that all away to achieve some vague idea of “social justice”?"
These candidates all went to public school. Did they flunk math?
Posts
No comments:
Post a Comment