We were talking about unsustainable costs. I and many others have asked the question — how is this to be funded? Both the House and Senate have been struggling with this Herculean task. And now we have new headlines.
House formulating plans for a surtax on the wealthiest of Americans. Well it’s only 2.5% of the population. And it does hold true to the President’s pledge not to tax the middle class. And one could argue that the wealthiest of Americans have already benefited mightily from the Bush tax cut years. Whatever that was.
But … this is an unwise long term solution. It has a nice ring to it. A Robin Hood approach. Let’s all sharpen our pitchforks.