- Nov 15, 2006
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All politicizing aside -
The average cost that I am seeing is in the neighborhood of 30 trillion over 3 years (loose average). Let's look at 10 trillion added to our current budget.
I've read the following in regards to funding this (not including: free college, free childcare, loan forgivness).
Solutions offered:
Tax businesses.
Here is the problem - here is the top ten businesses in the US by profit
TOTAL profit is 442.6 billion.
10,000,000,000,000 - 442,600,000,000 = 9,557,400,000,000.00
Tax the top 1% Found here
1,408,888 people paying and average of 538,257.00 come to $758,343,828,216
Let's say we quadruple the taxes - 3,033,375,312,864.00 Take that from the costs
10,000,000,000,000.00
-442,600,000,000.00 Every penny of the top ten businesses
-3,033,375,312,864.00 - charging the top 1% 400% more in taxes
I know this is over simplistic - but the numbers don't add up - the cost is more than the top 1% make and more that the profits of major business.
Thoughts?
The average cost that I am seeing is in the neighborhood of 30 trillion over 3 years (loose average). Let's look at 10 trillion added to our current budget.
I've read the following in regards to funding this (not including: free college, free childcare, loan forgivness).
Solutions offered:
Tax businesses.
Here is the problem - here is the top ten businesses in the US by profit
TOTAL profit is 442.6 billion.
10,000,000,000,000 - 442,600,000,000 = 9,557,400,000,000.00
1,408,888 people paying and average of 538,257.00 come to $758,343,828,216
Let's say we quadruple the taxes - 3,033,375,312,864.00 Take that from the costs
10,000,000,000,000.00
-442,600,000,000.00 Every penny of the top ten businesses
-3,033,375,312,864.00 - charging the top 1% 400% more in taxes
It leaves a shortfall of $6,524,024,687,136
per year
Where does that come from?per year
I know this is over simplistic - but the numbers don't add up - the cost is more than the top 1% make and more that the profits of major business.
Thoughts?