Just an observation...but the general argument here is that by taxing the rich...you will shift the newly found tax revenue to the needy.
No study...by any university or country...has ever shown that this occurs. I would welcome anyone who has noted such a survey or analysis....but to this day, newly created tax revenue...just falls into a bucket and becomes part of the old bucket of spending money.
So, my suggestion is simple. The next time you have some dimwits suggest taxing the rich...agree with them. But there’s this deal. You note what the new tax will create...a finite number. And you then want the government to just plain write out a check to every American over 21 who makes less than $20,000 a year.
You create a fancy tax on the rich worth $40 billion? Fine, every single penny falls from the gov’t’s pocket to a check....all within weeks, not years. No fancy programs, no statues, no bridges, no loans to Brazil, no solar panels....just plain write the stupid check out and dump the money onto the broke American.
Expectation? The congressman will be a bit worried...this wasn’t the method of disbursement or reallocation. All of this money needed to shuffle into programs....not a check. The resting spot of the money? That’s the curious thing...by using the check method...within two months...all of this newly created rich-tax revenue....has been pumped back into the real economy. Companies, businesses, and real America benefit. The poor guy bought some new tires, or a new used car....doesn’t matter...it was something that someone created and sold on the US market.
Odds of this happening? Zero. The wealth tax folks can’t allow you to screw up the billions-on-programs strategy that they’ve created.
You make a great point
Libtards say they want to raise taxes to “help the poor” but all that happens is that the government gets the money- and the government is not poor.
I think you’ve started off in a great place in your argument; getting the liberal/progressive to pin in their good intentions into a solid dollar amount.
But, like all liberal Utopian fantasies, there are loads of unintended consequences with your scenario. Just like college tuition shot up in price when the Clinton-era, $1,000 college credits were available, (prices shot up by a thousand dollars a year, one might have discovered), with all the newly handed out money out in the low-wage earners hands, all those tires that cost $500 per set would magically inflate (oh man, pun not intended!) to $750.
So in the end, in the interest of assisting the little guy, all that actually happened was that the price for my tires increased - and I didn’t get any freemoney (SIC) because I earned $25,000 last year. (a fictional amount, but arbitrarily chosen just above the threshold you defined)