Issues 2020: Taxing the ‘Rich’ Won’t Pay for Politicians’ Promises

By Brian Riedl:

Politicians claim that agendas costing approximately $40 trillion over 10 years can be financed mostly by taxing wealthy families and corporations. Essentially, they promise a European-style welfare state without Europe’s burdensome taxes on middle- and lower-income earners. This is not possible.

Read more: Manhattan Institute