Tony Robbins: Taxing the rich won’t cut it
Last year, Bill Whittle, using research by IowaHawk, proved dispositively that it is not possible to cover our deficit or debt by taxing the rich (see below). It cannot be done even by taking absolutely every penny they have, nor every penny of every fortune 500 company. There simply isn’t enough money there to cover our astronomical spending.
Now, motivational trainer Tony Robbins updates the numbers for 2012, and adds in a little perspective on just how big the numbers are. Robbins is an independent, a point that he takes pains to make several times, so his style is a little different . . . but the numbers are just as inescapable.
People are starting to get this, slowly but surely.
Watch Tony Robbins discuss the $15 trillion U.S. national debt — how big is it really? And what can we do about the enormous federal budget deficit?
Is America really broke? Michael Moore (and others) tells us that there are oceans of cash being hoarded by the wealthy. But Iowahawk (iowahawk.typepad.com) did a little addition, and armed with these statistics Bill and the ‘Hawk blow a hole in the “hoarding” lie big enough to fit a documentary filmmaker through.