Musings of Captain Justice a/k/a Gil Jones

stimulus

Power Line – Is the stimulus bill unconstitutional?

As the top 2% makes less money, which is now occurring, then the 80% slice of tax generation will decline. What would be done then — raise taxes? A bit of math will demonstrate that once the top tier is earning substantially less income, then even at a 100% tax rate the federal budget will not be funded. Exactly where that cross-over point is, I don’t claim to know. But what I do know is that we’re headed that direction — a direction which is a recipe for disaster.

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