re: President* Biden: We have a simple choice to make!

The really stupid thing about this is they aren't going to spend any more or less money based on taxes. They just turn on the printer anyway. Let's say they raise taxes by $500 Billion, they will spend $4 Trillion anyway. Oh, and of course raising those taxes are just raising the rates not the actual revenue. When you raise taxes you get less revenue because people will get creative in ways to avoid paying them in terms of how they position their revenue and investments.

It's also not like the uber wealthy care about income taxes anyway, all their money is in assets and is taxed as capital gains if it is taxed at all. All this does is really, really hammer the upper middle class that are trying to save for retirement/send kids to college/etc. Folks making $100k or less will pay very little taxes and have no clue what it is like for someone who makes $200k to pay a huge portion of that additional money in taxes. If taxes don't affect you personally it's very easy to raise it on others.

Idiots.