It will have no revenue. Higher Taxes discourages companies to invest in America... Higher Taxes will reduce my income and spending wallet.. Thus causing America to spend less..
RDG013 good point....the more $ coming in to tax on those that want to get ahead the more he can spend and give away, reduce the tax burden on those that want to succeed & get ahead in life the better chance they will keep it here.
No wonder Countries such as Turks & Caicos, Belize, Panama, Switzerland, Bahamas, Bermuda, British Virgin Islands, Cayman Islands & Monaco (just to name a few) have lax tax laws, they have found that those who want to succeed & work harder will keep their $ in the Country & are willing to spend MORE there. Actions speak for themselves.
But no our current President & many Congresscritters want our $ to be divided amongst the populace, Socialism just does not work.
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