Wednesday, July 11, 2012

Maybe we have a spending problem and not a taxing problem.

For anyone in the "lets tax the rich" camp: If you took 100% of the income from people earning over $1million, you'd get $616 billion. That's only 1/3rd of the amount the deficit will increase just this year. And as well all know the gov't has a whole in it's pocket, so they'll spend any tax increase and not put it towards the debt. Maybe we have a spending problem and not a taxing problem.

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