“We have looted the future to bribe the present. You can do that for a little while, but eventually it catches up to you.” Mark Steyn, appearance on CSPAN-2 BookTV, 02/05/2012
America’s national debt currently exceeds $17 trillion — with a T — not including tens of trillions in unfunded entitlement liabilities. You may have heard that this is because the country has “a revenue problem,” namely that The Rich don’t pay their Fair Share.
Why not put this to the test by doubling income taxes on America’s largest employers and taking 100% of their CEOs’ pay?
Nobody likes a fiscal extremist, so instead of trying to wipe out the entire national debt at once let’s start with a single year’s red ink: the $1.3 trillion deficit politicians in Washington, DC racked up in fiscal year 2011.
For more information, simply click any industry you’d like to soak. Track your progress below, and hit the “Show Results” button at any time to see the impact of your progressive policies!
Armchair tax collectors are welcome to insist 2011 is an unfair example because it was a big year for Big Government and a bad year for Big Business, but the recession that began in late 2007 ended in June 2009 according to the National Bureau of Economic Research.