Forbes estimates that the 400 wealthiest Americans have a total net worth of $1.53 trillion. Lets say that they earn 8% on their wealth, or $122 billion a year.
Lets say they pay a 25% tax rate, or $30 billion a year.
Lets say we increase that rate to 40%, or $49 billion a year
That would be an increase of $19 billion in additional funds going to the U.S. Treasury to close our $1.3 trillion dollar deficit.
Even if you confiscated all of their wealth, we would only pay the deficit for ONE year. So, The Soak The Rich Campaign, is only a facade for power. They will need to tax everyone of us, to close the gaping debt addiction that has befallen our country.
The Great American Mantra
They Will Have To Pry My Free Stuff From My Cold Dead Hands.