Whatever we spend the “Buffett Rule” money on, we’d better do it fast.
April 10, 2012
Tonight, President Obama’s official Twitter account asked its followers what they think revenue from his proposed tax on upper-income Americans — the Buffett Rule — could fund.
Huh. What could we buy? The “Buffett Rule” is supposed to bring in about $47 billion over 10 years, right?
Hey, $4.7 billion is nothing to sneeze at. It’s a lot of money. We could buy a lot of stuff! In fact, with that amount of money, we could finance the entire federal government for…
…not quite 12 full hours.
That’s right, folks: the entire revenue generated by the “Buffett Rule” would fund the government for half a day.
But, y’know, that half a day would come around once every year.
Totally worth it.
One Comment
Comments are closed.
It could fund some of the bureaucrats, their offices, and hardware that it takes to collect it.