Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat tax rich people like himself.
Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a onetime net worth tax on individuals and trusts worth 10 million or more.
By Trumps calculations, his proposed 14.25 percent levy on such net worth would raise 5.7 trillion and wipe out the debt in one full swoop.
via Trump proposes massive onetime tax on the rich – CNN.
No telling what happened between that Donald and the one who is clearly experiencing too much space travel (I mean, where else would you keep his ego?).
This is net worth, meaning they have it as assets, etc… So, let’s do this. shoot.
Joel L. Watts holds a Masters of Arts from United Theological Seminary with a focus in literary and rhetorical criticism of the New Testament. His interests include exploring the role of mimesis in human civilization, specifically in the study of religion and media, as well as science fiction and the way in which it has allowed mythology to be explored in light of scientific discoveries of the past century. He is the author of Mimetic Criticism of the Gospel of Mark: Introduction and Commentary (Wipf and Stock, 2013) and a co-editor and contributor to From Fear to Faith: Stories of Hitting Spiritual Walls (Energion, 2013).
Website: → Unsettled Christianity
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I’m just glad our liar president insisted on the balanced approach. $62b in tax increases, $2b in cuts. The government spends $2b a year on toilet paper. This cliff deal solved 6% of this year’s deficit. Taxes are not the problem.
if only that 2b would wipe away all the um, …. in Congress
No plan will work until spending is cut or taxes are raised on all citizens. There are not enough rich to fix the problem. In 5 years we would accumulate the debt that Trump’s idea would pay off.
I say, allow Ron Paul to lead foreign policy for a year or two. No more wars, out of most of foreign countries. A well regulated militia.
Do Trump’s plan.
Bam. Fixed.
You are thank you.
no plan is possible with out real budget cuts, and we haven’t even had a budget proposed in years. Trumps plan, like himself, is a joke.
Less overseas wars, more Canadian oil, that’s what I say.
Ostrich Watts, eliminating the defense budget only would cut the the annual deficit to $400 billion. The problem is that the voters do not want to pay for their goodies. If you vote for goodies, then the middle class must pay more. People need to figure out that if they buy their own goodies, they would be better off.
http://www.washingtontimes.com/blog/inside-politics/2013/jan/1/deficit-fiscal-cliff-bill-actually-spends-330-bill/
that’s where we raise taxes on the rich to Eisenhower level rates…