
With all the liberals lining up to give free this and free that, ever wonder how this will all get paid for. They say that they will raise taxes on the rich end of the story. Will there be enough to pay for all this stuff?
Let’s look at the rough metrics of these offerings and put it all in perspective. These politicians are saying that Medicare for All, for example, will cost approximately 45 trillion dollars over a 10 year period. This is almost next to impossible to achieve.
With approximately 1.7 trillion dollars in circulation, how in the world will the Government be able to come up with enough tax income to pay for such an extraordinary expense. It can’t happen!
When you couple Medicare for all and then education for all, the need for dollars becomes even greater. Again, there is not enough money in circulation to pay for these offerings. Many economists will tell you that they can get velocity on the dollars in circulation so the tax base increases. You can’t tax enough to come up with enough money to pay for all the promises... Read The Article click here
