Forget taxing the rich. Hillary and her Progressives will need to tax the middle class to do what they are planning to do. Freebies don’t come cheap.
If you confiscated every cent of those worth $1,000,000.00+ you would have $3,700,000,000,000.00.
In fiscal year 2015, the federal budget is $3.8 trillion.
The combined wealth of America’s 537 billionaires ($2.2 trillion), would not be enough to fund the nation’s budget for even a single year, and then what do you do?
Most of our budget is spent on welfare and subsidized healthcare while we have open borders.
Having a debt ceiling is a joke. Congress simply keeps raising it.