The only way the government raises money is to raise taxes. In plain speak: debt forgiveness. In one fell swoop, trillions of dollars of existing college loan debt will disappear.
You read that right: OTHER PEOPLE’S MONEY WILL WIPE OUT TRILLIONS of DOLLARS of COLLEGE LOANS.
In order to accomplish this grand gesture of forgiveness, Democrats and especially those of the socialist stripe have floated ideas such as a …
… PERMANENT 28% CORPORATE TAX, …
… a CARBON TAX (amount yet to be determined), …
… a VALUE ADDED TAX on all luxury item purchases, …
… and an across-the-board 15% INCOME TAX HIKE.
WHAT EXACTLY is the COST of SOCIALISM?
SIMPLE.
The American taxpayer will be MANDATED BY LAW to RETURN ALMOST HALF of HIS ANNUAL SALARY to the GOVERNMENT, …
… in EXCHANGE FOR FREE STUFF.
THAT is the SOCIALIST ECONOMIC SYSTEM.