Kevin Bae

Non-Social in a Socially Networked World

We’ll pay for that $1.9 trillion handout… in 10 YEARS

Here’s a lesson in how to redistribute $1.9 trillion dollars and say its in balance. Pass a tax bill that, in theory, pays for the redistribution from tax increases OVER 10 YEARS.

The planned increases reportedly include: raising the corporate tax from 21 percent to 28 percent; increasing the income tax rate on people making more than $400,000; expanding the estate tax; paring back tax preferences on pass-through businesses such as limited-liability companies; and setting up a higher capital gains tax rate for individuals making at least $1 million…

As Bloomberg notes, an independent analysis of the Biden campaign’s tax plan conducted by the Tax Policy Center found that it would raise around $2.1 trillion over 10 years.

The Hill

Like this can’t be repealed if the government flips to republican control again.

Here’s an idea. Cut government at all levels and return the savings to the people. The only redistribution we need is from government to the people Stop taking so much of our money in the first place.

Image by Piyapong Saydaung from Pixabay
Image by Clker-Free-Vector-Images from Pixabay
Image by Clker-Free-Vector-Images from Pixabay