Originally Posted by samcol

I haven't seen any numbers that show taxation can even touch the national debt. If you took the entire net worth of US billionaires it would be about 1.3 trillion. That would put a small dent in the debt and that's not even taxes that's taking everything they have.

The budget deficits every year exceeds 1 trillion dollars. That's a trillion dollars to the already 14.5 trillion dollar national debt every year. Show me evidence this can be touched realistically by taxation. I don't see it.

Taxation shouldn't even be on the table until the politicians can hit their yearly budget. Then you can come back to me and argue there should be more taxes to pay down the debt.