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[–] 3 points 9 months ago (2 children)

If the government has more income, that just means they have more money to give to corporations and wealthy people.

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  • [–] 1 point 9 months ago* (last edited 9 months ago)

    But this doesn't give much more income to the government. Even if $3 Trillion more dollar circulated, disregarding job market dillution and lack of skilled labor, then the GOP defficit adds about a trillion per year and this would only generate about 15% taxes on those wages and other wealth transfers or only 450 billion.

    Also, that 3Tn number makes no sense because each of 4.5M 18 year olds would have to generate $666,666 revenue.

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