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because this Hausers law shows that the U.S. government doesn't have a revenue problem, it's collecting proportionately the same amount of money as it has been.
by foolfoolz 8y ago
because this Hausers law shows that the U.S. government doesn't have a revenue problem, it's collecting proportionately the same amount of money as it has been. there' a spending problem: we keep finding more and more ways to spend money.
this whole green new deal proposal is "lets go spend billions more dollars on XYZ" a lot of the mental pushback is what are you going to stop spending on today to pay for it? the answer: "nothing, we're just going to raise taxes"
i believe opposition to this is less about can the 1% afford the taxes or not, and more for principled spending
- hopler 8y agoWhat's wrong with investing taxes in growing the GDP? Why does the funding of current projects affect you level of support for different projects? That's sunk cost fallacy.
- phishfi 8y agoWhere's the proof that this would increase the GDP?
- phishfi 8y agoPlus, this idea that 70% off the top 1% is still nowhere near enough to pay for any of this. The numbers I've read suggest that taxing 70% of the $10mil+ earners would amount to around $80bil in revenue, assuming no changes to those earners' incomes as a result of the increased taxes... That's nearly nothing compared to this GND proposal.