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Jan 09 2019

Why Looting the Rich Won’t Finance Dem Policies

The Green New Deal championed by radical Democrats like Alexandria Ocasio-Cortez would cost many trillions of dollars. She proposes to pay for it by looting the rich. One problem with raising taxes on the rich is that the rich are already paying an outrageously unjust “fair share” of taxes.

– The top one percent of households pay 39.4 percent of federal income taxes and 26.2 percent of total federal taxes.

– The top 20 percent of households pay 88.1 percent of federal income taxes and 69.5 percent of total federal taxes.

The rich will soon be tapped out — unless by “the rich,” Democrats mean anyone who isn’t poor.

The middle class is where the money is. That’s where they will do ever more of their looting as they continue to grow Big Government.

On tips from 1-Bodhisattva and Stormfax.




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