[Milton Miteybad]

“$1 billion a year in new tax revenue” amounts to about 2.4 hours of federal government spending. Where are we going to get the revenue for the remaining 364 days, 19.6 hours?

That's one of the reasons this is such a stupid idea. First, it contemplates gathering an extra $1 billion, which is a laughably paltry sum when compared to current levels of federal overspending. Second, the extra $1 billion is largely imaginary...this measure will realize far less than that, making it an even more futile move.

[almcbean]

I also just realized that my math is bad. should be 21.6

[dmcnash]

The point is not to raise revenue, the point it to punish the rich.