Deficit Facts 101 — Tax the Rich

Our Government spent over $10B per day ($3.82T total) in 2011 for 365 days. About 207 days ($2.17 T) were paid for by tax income, and 158 days ($1.65T) were paid for by deficit borrowing or printing money. Don’t be conned by political rhetoric, media sound bites, and negative ads — know the facts!! http://ow.ly/8SPog and http://ow.ly/8SRTG

Let’s tax and/or take away the assets of the rich to cover the deficit. Lets start by thinking big and move down. Which of the following would you choose?

  1. Let’s take ALL income from every household making above $250K/yr. This would pay for 141 deficit days, but kills any entrepreneurial sprits.

Deficit Facts 101 — Tax Big Corporations

Our Government spent over $10B per day ($3.82T total) in 2011 for 365 days. About 207 days ($2.17 T) were paid for by tax income, and 158 days ($1.65T) were paid for by deficit borrowing or printing money. Don’t be conned by political rhetoric, media sound bites, and negative ads — know the facts!! http://ow.ly/8SPog

Let’s tax big corporations to cover the deficit. Would you like to see any of the following implemented?

  1. Let’s take all profits totaling $34B from ExxonMobil & Wal-Mart, our two largest corporations. This would pay for 3.4 deficit days —a drop in the bucket!

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