The Left is balanced in their imbalance.
Sanders' universal health care comes in at $32 trillion in government spending over 10 years. Add to that free college, student loan forgiveness, and a guaranteed jobs program and the tab totals $42.5 trillion, according to the Manhattan Institute economist Brian Riedl, formerly a Senate Finance Subcommittee staff member.
The federal government currently collects $44 trillion in tax revenues over 10 years. The current progressive agenda would require doubling that. The 70% tax hike on the rich would raise, at most, $720 billion over 10 years, according to Mark Mazur, a former Treasury Department official now at the centrist Tax Policy Center. That sounds like a lot of money, but $720 billion is a mere sliver of the $42.5 trillion cost of the progressive agenda. There just aren't enough rich taxpayers.
The federal government currently collects $44 trillion in tax revenues over 10 years. The current progressive agenda would require doubling that. The 70% tax hike on the rich would raise, at most, $720 billion over 10 years, according to Mark Mazur, a former Treasury Department official now at the centrist Tax Policy Center. That sounds like a lot of money, but $720 billion is a mere sliver of the $42.5 trillion cost of the progressive agenda. There just aren't enough rich taxpayers.
These people historically have solved technological problems--like global warming--with technologies that don't exist. Now they are going to pay for fixing problems by taxing people who don't exist. A fearful symmetry.
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