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Scott McMahan
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Solution: Tax all income 100% for a year
MONDAY, JULY 11, 2011
Posted by: Scott McMahan | more..
3,900+ views
I think the government should tax all income from employment, investments, and everything else at a rate of 100% for a year. At the end of this year, the government would still be broke, there would still be a deficit, essential services would still be cut, and so on even though they had all the money they could possibly get.

But ... we'd prove once and for all that even if the government had all the money produced by the country, it would still spend every penny and be in a crisis. Then, any time in the future someone wanted to raise taxes to fix spending problems, people would point to this year and say this wouldn't work.

Category:  News and Politics

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