https://issuesinsights.com/2021/09/15/who-pays-for-dems-plan-to-spend-trillions-to-stimulate-economy-hint-not-the-rich/
“Promises of utopia through ever-expanding government paid for by the rich, a perennial socialist ideal, never work out. In the end, average Americans, not the rich, always pick up the tab.”
The increasingly far-left Democrats and President Joe Biden seem dead set on pushing through another massive “stimulus” package of $3.5 trillion. Given the chance, they’ll make it even bigger. To pass it, they’re promising that someone called the “rich” will pay for it all. Don’t believe it.
It’s only “fair,” they say, to make “wealthy Americans” and corporations pay for all the things you want and need, especially upgraded infrastructure, improved health care, and better schools.
The best example of this mindset was this week’s viral photo of Rep. Alexandria Ocasio-Cortez in a designer dress emblazoned with “Tax The Rich” while attending a $30,000-a-plate fundraiser (above). The irony, apparently, is lost on Democrats.
The Dems’ plan, on paper at least, claims to collect about $2.9 trillion from the wealthy and corporations, mainly by raising tax rates on high-income families from 37% to 39.6%, corporate tax rates from 21% to 26.5%, and by jacking up the capital-gains tax rate from 20% to 25%.
Another $900 billion or so will come from the vague category of “taxpayer compliance,” which seems to indicate a more aggressive IRS, and from letting Medicare directly “negotiate” – that is, extort – steep cuts in drug prices by pharmaceutical companies.