Taxing the Rich Will Not Make You Prosper

Rick Santelli of CNBC takes to a white board to illustrate how under the Buffet rule, collecting more money from the rich will not solve our debt cirsis. “We cannot collect enough taxes to catch up with the spending,” he declares in  exasperation. He points out that his kids’ opportunities are affected more by the staggering debt we are burdening them with than by the number of “millionaires and billionaires.”

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