Government Spending

Taxing the Rich Isn't Enough to Pay for Democrats' Welfare State. They'll Need To Soak the Middle Class Too.

There simply aren't enough rich people to finance all the new spending.

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Democrats are ready to raise taxes. They want more revenue, in part to fund an out-of-this-world amount of new spending. Some simply want to soak the rich, as Rep. Alexandria Ocasio-Cortez (D–N.Y.) plainly signaled at the Met Gala by wearing a white dress with "TAX THE RICH" scrawled across it in red paint. While the public may be more receptive to the idea because of concerns over high budget deficits, let's not be naive—many voters believe that these tax hikes won't hit them. There's so much wrong about this assumption.

Writing for The Dispatch, the Manhattan Institute's Brian Riedl documents President Joe Biden's spending plan, which would expand federal government spending by $11 trillion over the next decade. This spending would help fund a cradle-to-grave new world in which government is omnipresent in our lives. The spending would increase family assistance by $550 billion. Another $700 billion would be wasted on counterproductive "Buy America" provisions. Expansion of the Affordable Care Act would cost another $1.4 trillion; some $2 trillion would go to a Green New Deal; K-12 schools would get more money. All of this is on top of the $6.6 trillion spent on COVID-19 relief.

Biden would partially pay for this $11 trillion with $3.6 trillion from higher taxes. As Riedl explains, "it would represent the largest permanent tax increase since World War II." Even if the president got the revenue he hopes to collect with these tax hikes—which won't happen once people start moving their capital around to avoid the oppressive tax burden—it would only cover a third of the new spending. Meanwhile, the House Democrats have their own $2.2 trillion tax plan, which covers even less of the new spending.

Many Americans may not care if they believe the spending could benefit them and other people will shoulder the tax bill, but that's wishful thinking. They may not be the ones cutting a bigger check to the IRS, but many of them will shoulder some of the economic burden of the tax hikes through lower wages and higher prices.

Also, while many taxpayers may end up with more money in their pockets for a while, that won't last. There simply aren't enough rich people to pay for all the new spending. Collectively, the rich don't even have enough wealth to pay for the kind of cradle-to-grave government that Democrats dream of. It's only a matter of time before the politicians selling the dream of cost-free big government realize they need to raise taxes on ordinary Americans.

Just look at my native country of France for how it will be done. Pre-COVID-19, France's revenue per GDP was 45.4 percent. It wasn't simply raised on the backs of the rich. In fact, France raises most of its revenue through the Value Added Tax, social insurance, property tax, and payroll. Those taxes are regressive as they consume a larger share of low- and middle-income earners' income and have fewer effects on high-income earners. Add to these some 214 taxes and duties, along with an extremely high gasoline tax, and you end up with an oppressively burdensome tax system for everyone, even the poor.

By contrast, and contrary to Ocasio-Cortez's belief, the U.S. federal income tax is unusually progressive because it raises most of its revenue from the income tax, which some 61 percent of households don't pay. In other words, the bulk of federal taxes is already paid by higher income taxpayers, leaving other income groups particularly vulnerable to future higher taxes.

Don't think I'm saying that if the Democrats get it wrong, the Republicans must get it right. They don't. GOPers say they prefer lower taxes, but they do nothing to restrain spending. I saw evidence of this during the presidencies of Donald Trump and George W. Bush. My colleague Matt Mitchell, along with our former colleague Andrea O'Sullivan, wrote a great paper documenting what's wrong with this approach. They explain, "Cutting taxes allows policymakers to give voters something they want, while appearing to rein in the size of government. But this is a temporary illusion unless the tax cuts are combined with necessary reductions in spending—a far more difficult but also the more important task."

With few exceptions, nobody seems ready to tell the American people how far taxes will have to rise to satisfy Washington's gluttony for spending. Unfortunately, that's a lesson they will learn the hard way, and perhaps sooner than later.

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NEXT: The $700 Billion Gimmick at the Center of Biden's Tax Plan

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  1. Here is something I wrote up a couple of years ago.

    I added up the Forbes 400 on 30 Jan 2019. It came to $2.891T. Not even three trillion dollars, not even one year of the Federal budget, or three years’ deficit, even if you could confiscate all of it.

    And if you did confiscate all of it, it’s not Scrooge McDuck swimming pools full of gold and jewelry, or even cash, or sitting in bank accounts. It’s assets, investments: mostly stocks, bonds, businesses; some mansions, yachts, biz jets, Ferraris, and other toys. All has to be sold to be cash to pay down the national debt or even eliminate the budget debt for a measly three years. $3T is peanuts and won’t even put a dent in all the single-payer schemes.

    Wealth has no exact value. Prices are unknown until sold, and drop with the first sale. But anyone who could afford to buy, wouldn’t, because they also are selling. Prices and valuations would drop like rocks, socialists would scream about sweetheart deals at fake prices, and next the government would take those assets directly: socialist nationalization by the back door.

    Chris Edwards of the Cato Institute took a more detailed look at what makes up wealth: https://www.cato.org/blog/top-wealth-business-assets

    1. Yeah, this is my favorite part about socialists. Most of them don’t understand this. The ones that do spread this bullshit because they know that most socialists don’t understand this.

      1. Socialism is just feudalism that lies.

        1. Time to bring back a feudal style base tax rate for everyone. Everyone regardless of income has to come up with their share, probably $10k-20k per year. Can’t pay, go to jail. Additional penaltaxes for refusing to work.

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          2. Fuck you, cut spending. If you’re going to dream, make it the right dream.

            1. Sorry, failed sarcasm.

              1. Or my sarcasm detector wasn’t built for that style of sarcasm.

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              2. There is enough failed sarcasmic below.

      2. Mansions is a great thing to think about.

        If you make everyone who owns a mansion sell it to give the gov’t taxes… who will there be to sell it to?

        The implications of stock profile monopoly money is far more obtuse. If Elon Musk were do divest from Tesla right now, all of it, you’d get a tiny fraction of what his theoretical net worth is. When someone sells a massive chunk of a company all at once, prices plummet.

        Make Bill Gates sell all his farmland and who will be there to buy it? Probably foreign interests, Chinese especially if modern trends hold. Because all the other billionaires will have to sell theirs too so we can confiscate their ill gotten gains. So China gets it cheap!

        Wealth != money.

        1. Yep. That’s the whole conundrum about a wealth tax. To pay taxes on wealth, one must sell the wealth to convert it to money. But who’s going to buy the wealth if they know it’s just going to be taxed away?

        2. “Make Bill Gates sell all his farmland and who will be there to buy it? Probably foreign interests, Chinese especially if modern trends hold.”

          Democrats see this as a feature, not a bug.

      3. My favorite part about socialists is their usefulness as fertilizer.

    2. Yes- to get all these rich people, you are going force them to kill the cow that produces the milk you buy. So, sure, you have money, but no milk.

    3. “I added up the Forbes 400 on 30 Jan 2019. It came to $2.891T. Not even three trillion dollars, not even one year of the Federal budget, or three years’ deficit, even if you could confiscate all of it.”

      Besides which, those rich folks have tax attorneys twice as smart as the average congress-critter who will make sure all that wealth/money remains un-taxed.
      How do we know they are twice as smart? Simple: If the average congress-critter were anywhere near as smart as those guys, they would be doing what those guys do and making what those guys make.

    4. All has to be sold to the Forbes 401-1000.

      And then we confiscate it from them next year.

  2. What middle class?

  3. It’s as if no one saw this coming ….

    1. Well, honestly, you can’t blame people for not understanding. It’s not like the MSM was honest about it.

      There used to be independent, libertarian magazines that would have offered this critique prior to the election.

      Too bad we don’t have those anymore.

      1. No shit. A true independent, libertarian magazine would have supported trade wars, xenophobia, “Buy Murkin” laws, attacks on media and all of that because true, independent libertarians follow a cult of personality around Trump. Fuck Reason for having principles. Dicks. They got Biden elected.

        1. Yes, that’s exactly what I said.

          1. From what I’ve seen Reason has been pretty consistently libertarian. Their criticisms of Trump were based upon his non-libertarian policies which Trump followers naturally interpreted to be support for Biden because they’re drooling idiots.

            So what’s your point?

            1. They criticized the things they didn’t like about Trump.
              And ignored the things they liked.

              1. Other than a little deregulation and bringing troops home, which Reason gave him credit for, what libertarian things did he do that were notable?

                Seriously. He did some libertarian things by pure accident, but was otherwise a populist old-school Democrat.

                1. And Biden is better? Enumerate the ways, o wise one. Even just one.

                  1. I’ve never praised Biden. Not once. So you’re asking the wrong guy.

                    1. But, as JesseAz will no doubt point out, when I was a cook I would grab the crappiest steak out of the bin when someone ordered MW or W, which proves that I’m a terrible person.

                    2. No you don’t praise Biden. Whenever Biden shits up the place you march in.
                      Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump.

                    3. No Fats, I mock those like you who say “Weezen woted fo Widen weecuz day ate Twump!”

                    4. I’ll point out uou call anyone saying fuck biden to be a conservative.

                      sarcasmic
                      September.15.2021 at 5:51 pm
                      Flag Comment Mute User
                      He’s a bird, singing to his potential conservative mates. Give him a break. Saying “Fuck Joe Biden” on these comments is his only chance of getting laid.

                      And sorry for pointing out you are a shitty cook.

                    5. Oh! Em! Gee! JesseAz you’re so desperate to make me a bad person! It’s flattering and creepy. You spend way too much time thinking about me. Thinking about what I think, about how to counter anything I say because you can’t agree with me on anything, even the weather, on general principle.

                      It’s so petty. And funny.

                      Keep it up. At this point I’m starting to enjoy the attention.

                    6. A day on Reason wouldn’t be complete without JesseAz dredging up some irrelevant comment and claiming it proves something.

                    7. “…JesseAz you’re so desperate to make me a bad person!…”

                      Not required: You’re a fucking piece of shit all on your own.

                  2. Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump.

                    1. “He’s everywhere”

                      And as a TDS-addled lefty pile of shit, you see him everywhere.
                      Fuck off and die. Slowly and painfully as you deserve.

            2. The point, which has been pointed out to you numerous times, is that anyone who thought Trump was so evil that they should vote for Biden instead of a Libertarian was a damned fool. If you throw away your Libertarian vote in favor of the lesser of two evil statists, then Biden was the wrong choice.

              Or in other words that might get through that willful blindness of yours, if they had stuck to their libertarian principles, no one would be complaining they supported either Biden or Trump. But they didn’t. They got down in the mud to help the worse statist defeat the lesser statist,

              One of the Volokh conspirators said he would vote for Biden because Trump spent too much. That’s basically what a lot of Reason writers did, but they didn’t confess so directly.

              There is no government policy which is better under Biden than Trump. Some are no worse. Some are much worse. All this was predicted and expected by a lot of people before the election. It is only a surprise to dimwits like you who hate Trump’s mean tweets.

              1. I saw a lot of criticism of Trump. Ture. Mostly because he was the fucking president at the time and doing some damn non-libertarian things. What were they supposed to do? Ignore his attacks on immigrants? Ignore his attacks on media? Ignore his trade wars? Suck it up because hurr durr Democrat always worse hurr durr? Come on.

                1. They published their intended votes. Have you turned a blind eye to how many were voting for Biden?

                  1. https://reason.com/2020/10/12/how-will-reason-staffers-vote-in-2020/

                    Jo, Jo, Jo, Jo, Joe, Jo, don’t vote, Jo, don’t vote, staying at home, don’t vote, Donald, Joe, Jo, Joe or no haven’t decided, Jo, not voting, Jo, Jo, Jo, and not voting.

                    Hardly a Reason mandate for the Democrat as those in these comments insist.

                    1. That’s what? A dozen for the Libertarian, a half dozen disaffected or disgusted (count me into that group), three for Joe and one for Donald.

                      That’s 18 FU’s, 3 D’s and 1 R.

                      Who is turning a blind eye?

                  2. Notice how facts are ignored when they don’t support the narrative.

                    1. 3:1 Joe:Donald, and you say that doesn’t matter? You might have a point if it were reversed, but the staff who voted “pragamatically” are TDS idiots.

                      Vote purely, or vote for the lesser of two evils. Three of them couldn’t even manage that.

                    2. 3:1 Joe:Donald, and you say that doesn’t matter?

                      When you consider we’re talking about 30ish votes, no.

        2. Oh Look! An article about democrats raising taxes and who marches in?
          Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump.

          1. Daily reminder that sarcasmic is a troll, and blaming Trump gets him the attention he’s so desperate for.

            sarcasmic
            August.12.2021 at 4:45 pm
            Flag Comment Mute Use

            I only show up to watch the clowns duke it out, while tossing in this or that provocation. Bread and circuses. This is a circus.

            sarcasmic
            September.10.2021 at 12:14 pm

            I stir shit up. So what.

            sarcasmic is my lolcow, so I’ll never mute him. But for people who are tired of bullshit, they probably should mute him because bullshit’s all he has to offer.

            1. Cute. How’s about this one, where you accidentally show an example of Tulpa spoofing me by putting a space in my name?

              https://reason.com/2020/10/04/the-case-against-trump-donald-trump-is-an-enemy-of-freedom/#comment-8500159

              And then deny it. Too funny.

              1. I have seen absolutely no evidence of a “Tulpa” anywhere in this comment board.

                Do you often see “Tulpa”? Is “Tulpa” in the room now?

                1. Only honest and/or intelligent people, when highlighting and name and seeing spaces, see that some impersonation is going on.

                  Obviously it’s invisible to you. That’s like saying grass is green.

                  1. Only honest and/or intelligent people, when highlighting and name and seeing spaces, see that some impersonation is going on.

                    Do you ever read the shit you write out loud? You sound like a completely crazy person.

                    1. He sounds exactly like Sqrlsy with that line. His characters are starting to blend.

                    2. He is going full sqrsly.

                  2. I invite everyone to try out sarcasmic’s hair-spaces theory for themselves, because IT – DOESN’T – WORK, with any nick besides your own.

                    1. Because they fixed it.

                    2. Yes, sarcasmic demanded that Reason reprogram their comments system so they got right on it.

                      Who do you think you’re fooling.

                    3. Yes, sarcasmic demanded that Reason reprogram their comments system so they got right on it.

                      Who do you think you’re fooling.

                      The fix was literally one line of code.

            2. “Daily reminder that sarcasmic is a troll,..”

              Would that he be such instead of a TDS-addled pile of lefty shit who could only make the world a better place by fucking off and dying.
              It really takes a strangely warped personality to continue showing up where you are so completely despised and continue to lie about your positions.
              sarc in a nutshell…

              1. Ahhhh yes. No day at Reason is complete without the senile old man yelling “Lefty shit! Lefty shit” whenever a shadow crosses with window.

                1. Nor any day complete without a senile steaming pile of lefty shit forever whining about being victimized!
                  Hint, asshole: If two people say you’re a pile of shit, they might be wrong.
                  When the world says you’re a pile of shit, well, you’re a pile of shit.

            1. “He’s everywhere”

              And as a TDS-addled lefty pile of shit, you see him everywhere.
              Fuck off and die. Slowly and painfully as you deserve.

        3. “No shit. A true independent, libertarian magazine would have supported trade wars, xenophobia, “Buy Murkin” laws, attacks on media and all of that because true, independent libertarians follow a cult of personality around Trump. Fuck Reason for having principles. Dicks. They got Biden elected.”

          Fuck you with a running rusty chainsaw, you dishonest, drunken pathetic excuse for a human.
          Fuck off and die.

  4. Y’all voted for this.
    Fuck Joe Biden

    1. The Reason candidate
      Libertarian moment!

  5. This is what happens when you say mean things about Trump not being a libertarian. Who cares about trade wars and xenophobia and protectionism and increased regulation of the media and all that stuff? True libertarians abandon all of their principles and back Trump 100%! You were mean to Trump! You made this happen! Waaaahhh!!

    Oh, wait. Don’t look at me! beat me to it.

    1. Double your meds

    2. More honestly, who cares about your continued lying, steaming pile of lefty shit?
      Is your mom impressed with your strawmen when she brings you lunch? Are all of your family members TDS-addled pieces of shit like you?
      Fuck off and die.

      1. When are you and Nardz going on a murder spree? I’ll make sure to lock my front door that day.

        1. Your daughter is going to be the one who kills you.

          1. I’m much more afraid of you, Nardz. Because I honestly believe you are fully capable of murdering people simple because of how you figure they voted.

            1. I have zero doubt that with the trajectory you’re on, you’ll die shooting up a Walmart or robbing a liquor store.

              1. Why would I do that?

                I’m not the one saying that we’re in a new civil war.

                I’m not the one saying that killing political enemies is self defense.

                I’m not the one calling for people to kill themselves.

                I’m not the one saying peoples’ throats should be slit.

                That’s you, Nardz and Sevo.

                1. You’re such a dickless little faggot, and by faggot I mean a dude who sucks dicks out of envy for the one he doesn’t have.

                  1. You project a lot.

                    1. Faggot learned a new word.

                2. You’re the one who’s threatening other commenters (Go on, ask me for a cite. Please), You’re the one who’s gone through a messy divorce and is alienated from his kid, and you’re the one who’s obviously had a major psychic break over the last six months.

                  1. Mmm hm. Considering that you still refuse to believe I was impersonated despite accidentally proving it, I’m afraid I must conclude you’re both dishonest and stupid. So say whatever you want. I really don’t care.

                    1. There’s no way you were impersonated on Sunday. That lunacy was all you.

                    2. A guy who calls himself sarcasmic acted like a lunatic? Whoah! Stop the presses!

                    3. Lol. You’re the gift that keeps on giving.

                  2. I can provide a cite too lol.

                  3. Easy enough to tell if he was impersonated or not. Mute him *here*, right now, where he’s claiming to have been impersonated.

                    Then go to the thread you’re referencing, and see if you can still see that comment or not.

                    If you can, it’s not the same account, and this hair space thesis has some legs. Hairy legs. If you can’t… it was posted by the same account. I just about guarantee the comment database doesn’t give a fuck about anyone’s handle, it uses a numeric userid field to track things.

                    Post the link to the comment in question here. I’m curious myself.

          2. Seriously, I could see you taking a shot at every Subaru that drives because only dirty Biden-voters could ever drive one.

            Get help.

            1. You must relish being the snobby, leftish-contrarian in your trailer park.

              1. The projection is strong in this one….

              2. As expected. Sarc doesn’t know what ‘projection’ is.

          3. +1

        2. “When are you and Nardz going on a murder spree?”

          When are you, steaming pile of lefty shit, going to post without a strawman?
          And show me one cited where I proposed murder, asshole.

        3. “When are you and Nardz going on a murder spree?”

          When you find I ever suggested I might do so, you lying pile of lefty shit.

    3. Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump.

        1. “He’s everywhere”

          And as a TDS-addled lefty pile of shit, you see him everywhere.
          Fuck off and die. Slowly and painfully as you deserve.

  6. “With few exceptions, nobody seems ready to tell the American people how far taxes will have to rise to satisfy Washington’s gluttony for spending. Unfortunately, that’s a lesson they will learn the hard way, and perhaps sooner than later.”

    Maybe you guys could’ve spent less time on Orange Man Bad, and more time on Biden’s Economic Plan Will Fucking Destroy You.

    Do you guys collect your b$25k per employee too?

  7. The rich and powerful classes yelling “tax the rich!” is such an obvious scam that you’d think that even college-educated people would see through it.

    1. Considering how many people go to college these days, and the level and type of education they get, no. I wouldn’t think that.

      I’ve gotten really pessimistic, I swear.

    2. You know they don’t even teach cursive anymore? They go from printing to typing. They’re creating a generation that won’t be able to read handwriting unless they teach themselves.

    3. Almost by definition, The Rich are the people who can pass their costs on to others. Only poor people pay taxes, but don’t tell them that, they might realize why their real income hasn’t risen since the Seventies. Hint: Other people’s taxes ate your paycheck.

  8. Meh Californians get taxed the most and they continue to vote for Santa Claus so I’m not sure anyone else much cares. Best if we split up and go our separate ways. You and the batshit insane left can have Biden and his merry band of psychos.

  9. They’ll Need To Soak the Middle Class Too.

    Feature, not bug. Dems want an aristocracy and a servant class. Wiping out the middle is necessary for them.

  10. They Are Coming For Your Retirement Accounts.

    1. All well and good. I spent mine already – – – – – – – – – –

    2. That’s something people should be concerned about.

    3. As Obama said, no one needs over 3 million in their retirement account. (unless maybe you live somewhere crazy expensive, like Martha’s Vineyard.)

  11. The establishment is using this tax-the-rich bit as sop and as a distraction. There’s no way their going to actually harm their interests.

    What libertarians should be examining is the massive government meditated transfer of wealth over the last year to the 1%, and the elimination of their competitors.
    Then we should be looking at the $500 billion R&D reward that the Democrats are giving to big tech.

    1. How can wealth be transferred from the poor to the rich, when the poor by definition don’t have any wealth to take?

      1. What the hell are you on about?

        1. libertarians should be examining is the massive government meditated transfer of wealth over the last year to the 1%

          Where did that wealth come from that was siphoned off and transferred to the 1%? The poor? They don’t have wealth to siphon. You’re talking typical Tony-like anti-capitalist nonsense.

          1. The working classes, the middle classes, the petit bourgeoisie, small businesses and middle sized companies.

            There’s more than just the ultra-rich and the Lumpenproletariat in this world, you dosey tool.

            And somehow you’re trying to still insinuate that the massive shuttering of small and medium businesses by government was the hand of the free market?

            Seriously, you amaze me with how extraordinarily stupid you are.
            The retard’s internet is that way, sarcasmic. ===>

        2. He was hacked again. And stop being mean to Joe!!!

      2. Poor have *no* wealth, by definition? That’s what you are going with?

        sigh.

        1. ML is using Tony logic.

          Not taking is giving, and not giving is stealing.

          Think about it . Tax breaks, as in not-taking, must equal stealing from the poor. After all, that money that would have been taken from the rich would have been given to the poor, so by not taking from the rich you’re actually stealing from the poor!

          Likewise any cut in programs for the poor is stealing from the poor and giving to the rich!

          Not that I’m surprised that a Canadian has gone full socialist.

          1. Over/under on sarcasmic IQ: 73.5

            Place your bets

            1. I’d place bets on you being arrested for murder in the next year, but that would be crass.

              1. Breaking your daughter’s piggy bank to place a bet is fucked up, you worthless pederast.

                1. Really? You have to project your stealing from children onto me? Dude….

                  1. Pathetic response.

                    1. Every story you tell about me is a story about yourself.

                      So please.

                      More.

                    2. Every story you tell about me is a story about yourself.

                      So please.

                      More.

                      Gayest pickup line ever.

                    3. You used that? Did it work?

                    4. You used that? Did it work?

                      Why do you want to know? So you can use it?

                    5. Sarcasmic has dreamt of people on this site masrturbating multiple times. It is creepy.

                    6. He has literally come onto Tulpa multiple times, most recently inviting him to hook up at a Ministry concert. The curious might wonder to themselves why a 60 year old boomer would be hanging around with a bunch of edgy middle schoolers. But then anybody who knows sarcasmic knows exactly why.

            2. He is wedged firmly in the middle of the bell curve. It’s like those memes you often see. There are geniuses and retards smarter than him.

          2. Shutting down small businesses while giving Walmart an exemption to stay open is not a tax break. Kicking blue-collar laborers to the curb by fiat while relatively wealthier white collar work-at-home folks ordered door dash is not tax breaks.

            We have seen the government directly put the thumbs on the scales over the past year (18 months now) and that has quite definitely shipped wealth to the top 1%.

      3. One million people have two apples each. They are all forced to give one of their apples to one person.

        That one person now has one million apples, while everyone else from whom he took an apple only has one apple left.

        I’ll let that marinate in your syphilitic child raping brain.

        1. That’s not how an economy works. I’ll let that marinate in your zero-sum brain.

          1. Explain how an economy works to me the way you would to your terrified five year old daughter.

            ::opens bag of popcorn::

            1. The things you project onto me are really sick. You’re really fucked up.

              1. Faggot learned a new word …

                1. Says the Colonel who wishes he had a gay neighbor.

                  1. Homophobe.

                    1. LOL I’m not the repressed homosexual throwing the word “faggot” around.

                    2. LOL I’m not the repressed homosexual throwing the word “faggot” around.

                      You don’t have to convince me. I know you are a proud and open homosexual.

                    3. Too funny. The fact that you think calling me homosexual is an insult says volumes. I’m literally loling right now.

                      Calling me a homosexual is like calling me a citizen of Mars. It’s absurd and untrue.

                      All you are doing is projecting your own insecurities onto me.

                    4. Calling me a homosexual is like calling me a citizen of Mars. It’s absurd and untrue.

                      Being gay is …. like being an alien from another planet, in your mind? Lay off the homophobia, will ya?

                  1. sarcasmic vindicates himself from accusations of pederasty by linking to a clip from a 22 year old movie about a fat middle aged boomer trying to fuck a high school girl.

                    Well done, sarcasmic.

              2. No, you fucking your daughter is really fucked up. You being a self-confessed alcoholic, drug addict, homeless welfare case who lost custody of his children in an acrimonious divorce for which he refuses to take any responsibility because he is a pathetic loser who cannot face his own failures is also really fucked up. The fact that you’re also clinically retarded is just an accident of genetics. We don’t fault you for that, we only pity you.

      4. Screetch misunderstands and then doubles down, again and again, until he becomes a gibbering lunatic.

        Not a long trip for him of course.

        1. He thought he was going to score a point but never thought it through.
          He remembered there were kings, and he remembered there were beggars, but he forgot everyone else.

          I blame the booze.

          1. No, he genuinely is that stupid. You know the elementary examples they provide in entry-level economic texts, like demonstrating the concept of comparative advantage with a theoretical example of countries who produce only bushels of apples and bushels of wheat? Well that’s as far as he’s ever gotten, and he thinks those are literal, real-world models of economics.

  12. As long as there are printing presses, there is no need to tax the middle class.
    I have it directly from that champion of logic and reason, Joe Biden.

  13. Deficit spending is how you tax the middle class, with their blessing. Inflation and wage stagnation is the hidden mechanism.

  14. They’re only going to tax The Rich. Of course, The Rich will come to mean anyone who still has any money left.

  15. Pork is expensive, and when you are spending someone else’s money only the best pork will do.

  16. I’ve said it a thousand times. We have a huge problem in America because our young are being taught by liberal arts majors who have no clue how much they don’t actually know. Teachers spew socialist foolishness out of their complete ignorance and young people don’t know enough to understand their teachers don’t know what they’re talking about. Anyone with a business background sees the folly of the dreams of the progressive fringe.
    If these progressive ideologues took the time to learn something they’d know the working class’ tax burden is why they ride bikes in Denmark. With over 60% of their paycheck going to income and SS taxes, and with gas prices 3-4 times what we pay in the States, they ride bikes because they can’t afford to own and drive a car.
    Also, their economies can’t create jobs like ours does and many college graduates remain under employed years after getting free tuition.
    Oh, and when the government runs healthcare government bureaucrats decide who gets treatment and who doesn’t. For example, when Italy was getting overwhelmed by Covid in March/April 2020 their healthcare system decided anyone over 60 wouldn’t be put on a respirator, and be left to die. At a sixty years old!?! But hey, it’s free!!!!

  17. No worries, according to this dumb cunt all we need are another 100,000 Afghan immigrants 80% of whom are on welfare and we’ll have literally TRILLIONS of dollars.

  18. Of coarse, they’ll have to soak the “middle class”.

    The universal welfare state relies on “Swedish” levels of taxation.

    The beg problem is that even the Swedes got tired of “Swedish levels of taxation”.

    Today Swedish welfare is much more parsimonious than anything the Biden Admin is offering.

  19. National debt: 28.7 trillion dollars
    FY2022 budget: 6.0 trillion dollars (not counting the pending stuff)
    FY2022 projected revenues: 4.2 trillion dollars
    FY2022 projected deficit: 1.8 trillion dollars
    New national debt after FY2022: 30.5 trillion dollars or so

    2021 GDP projection: 22.7 trillion dollars

    The national debt will be around 134% of GDP next year.
    But it’s worse than that, because GDP includes government spending (GDP = C + I +G + (X – M)) where G = government spending, so the national debt will actually be 182% of the productive part of the economy.
    And the national debt will be 7.3 times total federal revenues.

    So think of it like you make 100K a year, but you owe 730K. The fastest way out isn’t to borrow another 43K.

    1. Or as perhaps the best presidential candidate of my lifetime once said:

      “When you find yourself in the hole, stop digging.”

  20. Work Harder SLAVES! The Nazi-Regime needs MORE of your labors!

  21. “GOPers say they prefer lower taxes, but they do nothing to restrain spending. I saw evidence of this during the presidencies of Donald Trump and George W. Bush.”

    And Ronald W. Reagan.

    1. I saw evidence of this during the presidencies of Obama and Biden which made the GOP look like a conservative spender in comparison.

      But don’t let the actual numbers get in the way of painting a partisan hack deceitful narrative.

  22. I believe that is the reason math education is so poor in public schools. Anyone functional in math would know the tax the rich scheme can never work.

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