We’ve all seen the signs from those oh- so- pleasant people in the Occupy movement. “Tax The Rich” “The 1% don’t pay their fair share”! etc, etc, ad nauseum. Well try this explanation on for size. If the richest corporations and citizens were to be taxed 100% on their world wide profit, we could finance the proposed spending for 1 year. Then what?
Watch this video for a much better explanation, this is worth your time: