Tax the rich! Not so fast.

D

DirkDigler

There are certainly holes in the logic but if nothing else the video puts things in perspective.

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Quote from peilthetraveler:

Good video! If liberals don't get it after this, then they will still be liberals. :D
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LOL. How profound.

If they didn't already know there isn't enough money to pay for this liberal democrat crap then they can't tie their shoes either.
 
Quote from PocketChange:

hmm GDP 14T and we're spending 3.7T...

VAT of 30% should cover it.
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A mere 30% huh, well damn what's the hold up?
 
Quote from PocketChange:

hmm GDP 14T and we're spending 3.7T...

VAT of 30% should cover it.
More...

Yeah increase the price of everything 30%. We will never notice.


(Also VAT is a consumption tax and consumption expenditures are just under 10T of our 14T gdp, so you better increase that VAT to 37%)
 
Quote from peilthetraveler:

Yeah increase the price of everything 30%. We will never notice.


(Also VAT is a consumption tax and consumption expenditures are just under 10T of our 14T gdp, so you better increase that VAT to 37%)
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Current income taxes account for about 8% of GDP so to sustain the democrat's spending habits we would just need another 29% VAT on top of all the other taxes we pay including income tax.

Not bad. Except the economy would come to a screeching hault because of the 29% increase in prices and tax revenues would plumet along with incomes. But Democrats don't worry about that. They are irrational.
 
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