How Do You Cover A $2 Trillion Dollar Deficit?
Surcharge the top 20% of taxpayers $100,000 or cut 10,000,000 government workers?
Once you put a $2 Trillion dollar deficit in perspective, it is a very very large number.....and with tax receipts declining, it is on track to get even larger.
The problem is many of the top 20% of taxpayers don't have $100K to tax. Would could tax the top 10% $200K, but the same problem exists. Same with the top 5% $400K.
Anyone think this may be an issue that few seem to want to discuss right now?
How does our nation bridge a $2 Trillion dollar deficit when tax receipts are declining?
If we simply print, will money be worthless?