His dad died in prison for tax evasion. We need to raise the tax on the elites to get back to 70% for awhile, to pay off the debt, they got rich off the backs of the middle income, low income man, they can pay down the debt.
Do you have ANY idea how long that would take? Let's look at this logically.
1. There isn't enough income among the wealthy to close the Obama deficit even if they were taxed at 100%. That right there eliminates your pipe dream of paying off the debt by jacking up tax rates.
2. If that wasn't enough for you, let's look at what rich people do when you jack up their tax rates. That's right, their income disappears, gets moved around, reclassified and you don't get anywhere near what you thought you would get.
3. To add insult to injury, what do you think Congress would do with a bunch of new revenue? Do you think they would:
A. Keep spending where it is and use the new revenue to pay down the debt? HAHAHAHAHAHAHA!!!!
B. Increase spending slightly on infrastructure needs that Obama neglected, cut spending on pet projects and narrow the Obama deficit? HAHAHAHAHAHAHA!!!!
C. Go nuts and increase spending even more than the new (projected, not real) revenue and widen the Obama deficit? Yeah, that one.