Quote:
Originally Posted by MS Fowler
Yet, consider that if we confiscated ALL the wealth of the top 10% we still would not balance the budget.
It is a spending issue.
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Non sequitur.
Just because taking all of the wealth of the top 10% would not balance the budget does not mean that it is a spending issue. It is a spending and revenue issue.
Besides, nobody is talking about taking all of the wealth of anybody. What is being proposed is returning the top marginal rates to where they were in the 1990s, which, by the way, was the last time we balanced the budget. Imagine that.
EDIT: By the way, are your numbers correct? They don't look right to me.