Tag Archives: Tax the rich

Simple question

It is impossible to raise the tax high enough on the “rich” to pay off the debt. Take all their money and it would not make much of a dent in the debt. It’s not rocket surgery, there is not enough money in the GDP to pay off the debt:

Debt as of 07/31/12=15,933,234,637,493.00, GDP as of 2011=15,094,000,000,000.

I know most of you are capable of doing the math, so tell me how taxing the “rich” is going to pay off the debt?

 

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