- Apr 5, 2010
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The top 10% have 90% of the wealth. I find it hard to believe that raising taxes on them won't solve our problems.
When the rich paid their fair share, we had balanced budgets.
So how is bringing in 80 billion a year, for 10 years, going to help to balance our budget?
We are borrowing over a trillion each year.
We borrow 1.4 trillion each year. That comes out to about 28 billion per week.
That means that an extra 80 billion a year would pay for less than three weeks.
It is not going to balance the budget.
The Dem's are doing what they always do. Let's raise the Taxes and deal with the cuts later.
Then they never deal with the cuts.
How does it work? The power of perception. If we're working towards solving the problem, people feel better and spend more, creating more jobs, putting less demand on social services and generating more in tax revenue to further lower the deficit. Why do supposed free market conservatives have to be reminded of this on a daily basis?
The only perception I get is of progressives envy of people with more than them, and proposing solutions that dont fix the problem.