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Reply #15: Not to throw cold water on this but..... [View All]

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NAZLib Donating Member (15 posts) Send PM | Profile | Ignore Thu Aug-11-11 02:19 AM
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15. Not to throw cold water on this but.....
The numbers don't add up. There are only around 300,000 - 400,000 people making over a Million/yr for a grand total of maybe 400-600B in earnings. Now consider that they already pay on average around 40% of their income in Fed, State, Local taxes and that only leaves 200-300B in total if you take every last nickel. Of course if you take everything they'll just move or quit working so how much could you actually get? Maybe 50B? 100B? I don't know but it is going to take some serious new math to get 200B out of them.

The other problem is that most of those jobs are just "make work" and don't actually produce anything of lasting value. I'd suggest that if we're going to spend significant $$$ we spend it on retraining the unemployed and help them get out from under the mortgages they cannot afford so they can move to wherever the jobs are.
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