There are none so blind as those who refuse to see
.
a very telling statement by a man who purposely ignores what he does not want to see
- the debt the US government has accumulated over its 240 year history is projected to double in the next 9 years, given the status quo
I have yet to see one loonie provide a rational plan for avoiding the debt bomb explosion
Raising taxes is not an option as there is only so much a govt can extract from the economy before doing damage and we are well beyond the point.
The left have taxed the middle class to the brink in Canada , while at same time borrowing a mountain of govt debt
govt spending has to be reined in
Giving a tax break to the wealthy is not giving away borrowed money.
nothing is given buy the government wrt to taxes . The government takes what other people earn
giving away borrowed money is unbelievably stupid and insanely irresponsible when that borrowing is in the name of other people
a child gets born and right after they smack his ass, he assumes a $100,000 in US govt debt- what away to start life
In 2021, the top 5% of earners — people with incomes $252,840 and above — collectively paid over $1.4 trillion in income taxes, or about 66% of the national total. If you include the top 10% — everyone who made at least $169,800 — that figure rises to $1.7 trillion, or 76% of the total.
Three quarters of all income taxes are paid by 10% so its not like they are not paying their "fair share"
The left never has the balls to quantify the "fair share" they banty about
So I will, 75% is way more than their "'fair share''
Or is this a cognitive issue you have.
you cognitive issue allows you to ignore what you do not want to see
charity and foreign aid $ do not get invested into job creating investments,
rich folks money does get invested into job creating investments, provided government does not get in the way
your whole premise is ridiculous
every action has a reaction
wealthy people just structure their affairs to put their money to sleep when the loonies tax target them for an incremental bite over and above the absurd 76%
They earn a risk free rate of return on government bonds or tax preferred municipal bonds (in the US ) with out assuming any investment or operational risk,
And they wait until the loonies get turfed by the electorate before increasing their risk appetite to help the economy grow.