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Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (43994)

1/3/2015 6:43:30 PM

From: DMaA

Read Replies (1) | Respond to of 125626

Even the French socialists had to admit that is folly. French? Hell even the IRS thinks you're nuts:

MILLIONAIRES’ INCOME VS. BUDGET DEFICIT
A recent IRS report proved that if government confiscated the entire annual earnings from the so-called rich, it would not provide enough money to pay the annual budget deficit:
? People with annual incomes over $1 million earned a total of $727 billion in 2009.
? People with incomes of $10 million per year or more earned a total of $240 billion in 2009.

The $727 billion from those millionaires would not be enough to cover the 2011 U.S. budget deficit which is estimated to reach $1.5 Trillion. It would not have been enough to cover any of Obama’s deficits which ran up to .pdf]$1.3 Trillion in 2010 and $1.4 Trillion in 2009.

https://factreal.wordpress.com/2011/08/11/irs-taxing-all-rich-people-not-enough-to-pay-u-s-deficit/

Even the democrats think you're suggestion is stupid or they would have done it.