I don't see why a shift from 23% to 34% should produce a qualitatively different result.
The annual US federal budget is around $7 trillion. The remaining Gates fortune is around $100B. So the feds are chewing through about 70 Gates fortunes per year. And that doesn't even account for state and local spending.
The idea that the system is crumbling because all the money is ending up in the pockets of billionaires does not pass the sniff test.
The annual US federal budget is around $7 trillion. The remaining Gates fortune is around $100B. So the feds are chewing through about 70 Gates fortunes per year. And that doesn't even account for state and local spending.
The idea that the system is crumbling because all the money is ending up in the pockets of billionaires does not pass the sniff test.