General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTo the Republicans always asking "Where will we get the money?" whenever social programs
are proposed, may I recommend ""Sutton's Law"? Not an actual statute, the "law" was named after lifelong bank robber Willie Sutton who, when asked why he robbed banks replied "BECAUSE THAT'S WHERE THE MONEY IS".
So, if a senator or representative was searching for a source of tax revenue to pay for things like Corona virus testing, PPEs, economic stimulus payments, etc., it would make one whole hell of a lot more sense to raise taxes on hundreds of billionaires who already have all the private jets they need or on millions of working class families struggling to pay the rent, put food on the table and shoes on their kids.
Willie may have been a crook, but he never robbed poor people.
PSPS
(13,620 posts)If that were confiscated and taxed at 90%, that would bring in $1.8 trillion in revenue. That amounts to $5,500 for every living person in the entire country. Imagine what could be done with that.
Tax the right people (there is no excuse for any individual to have a $billion or more in assets) and corporations rather than giving them tax cuts or turning a blind eye to their evasions. Trim some of the incredibly bloated military budget, and bother to apportion more of it to take care of veterans.
Bam - tons of money, right there
Voltaire2
(13,210 posts)only about stuff that would actually benefit everyone.
And it is not limited to Republicans. The aversion to spending on social programs spills across party lines. Luckily most of our party is not stuck in the post-reagan rut.