Friday, April 29, 2011

Budget Math - The Middle Class Will Be Taxed

Bill Whittle has excellent videos.  They are just excellent.  Here he explains how simple math shows that we cannot simply "tax the rich" out of our deficit.  He goes on to explain that even if you taxed individuals making more than $250K per year at 100% and take all the profits of the Fortune 500 companies in the US there would not be enough money to cover one year's worth of government spending at current rates.  Bottom line: class envy will not save us.

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