oldervoter68 Wrote:
Nov 16, 2012 11:20 PM
Three comments Mr/Ms Moderate 1) Total net worth of Forbes 400 (USA Edition) is about $1.5 Trillion, barely enough to cover the deficit, let alone contribute to debt reduction. 2) Letting the top rate expire raises about $80B per year (enough to run the government for about a week-10 days, still leaves budget unbalanced by around $.9 Trillion. 3) Raising capital gains will raise maybe another $80B and will touch some in the lower brackets. Where are going to find the other $700-900 Billion without touching the Middle Class in some manner, whether it be taxes or "entitlement" reform?