this post was submitted on 07 Jun 2024
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It's not about only billionaires paying, it's about them not being a magical money source. A higher rate might feel better, but it's not solving government revenue problems.
It will not suddenly balance the budget but it is funding that will either reduce the deficit, or reduce the burden on poorer people. We can't fix decades of poor decisions with one good decision, it's simply a good decision we can make now that will help.