> I'm not sure how much money you think lives up at the top, but redistributing it is not sustainable, and it's certainly not enough to magically pull everyone out of poverty indefinitely.
People just do not understand this. You could take away every penny from every billionaire in this country. If you sold everything they had, you would not have enough money to fund the federal government for even one year. And now the money is gone; you can no longer collect tax from the ex-wealthy.
Nevertheless, "just tax the rich" is treated as the solution to all problems. I guess people hear all the talk about the "top one tenth of one percent" and they imagine literally bottomless bank accounts.
People just do not understand this. You could take away every penny from every billionaire in this country. If you sold everything they had, you would not have enough money to fund the federal government for even one year. And now the money is gone; you can no longer collect tax from the ex-wealthy.
Nevertheless, "just tax the rich" is treated as the solution to all problems. I guess people hear all the talk about the "top one tenth of one percent" and they imagine literally bottomless bank accounts.