Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
Saying "tax the rich" scores points, but there just aren't enough rich. Middle-income earners, far more numerous, make the majority of total income and bear the majority of the tax burden. Taxing the top 1% of earners at 100% would yield one trillion dollars (assuming they continued working). To get close to 3.8 trillion, you have to tax everyone making over $100,000, including joint filers, at 100%, and again assume they will continue working to earn at that level when they can't keep a dime of their income. That thousand per month in "free money" will definitely come in handy.