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You expect me to believe people who have an AGI over $250,000 pay 28% of that income toward payroll taxes? Those charts are another Internet joke. That said, there will be substantial tax increases no matter who is elected.
Either; (1) both assets and income will be taxed by recession or inflation or, (2.) just income by legislation -- pick your poison -- either way there will be winners and losers.
Trump, Hillary and Sanders are all promising some form of taxpayer supported universal healthcare -- so that is really a done deal platform proposal.
Free college is not exactly free -- Sanders' proposal is for tuition only at state supported schools. If you want to go to Yale or Harvard it is full price. Students should have to qualify for free college with acceptable SAT or other exam scores regardless of race or income.
Excessive capital gains taxes are not a good idea. That capital has already been taxed once and should not be taxed again. An equities (all assets) transfer tax of less than 5% would be a much better way to raise money. It would be a flat tax on all transfers from dollar 1.
Somehow, we have to pay for both infrastructure improvements as well as retire a lot of our debt to become solvent again.
$0.12 is what $1 buys today compared to $1 of value in 1960. Inflation has not worked.
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