Former President Barack Obama recently stunned the nation with an announcement about the future.
He wants to see the wealthiest people pay even more taxes to foot the bill for the proposed infrastructure bill despite the fact they already pay a far higher percentage of their income to the government.
“I think the ‘Build Back America Program,’ the package is something that America desperately needs,” said Obama, who is estimated to be worth more than $70 million. “You’re talking about us stepping up and spending money on providing childcare tax credits, making those permanent to help families, who for a long time have needed help when it comes to things like childcare. You’re looking at making our infrastructure function more efficiently and effectively. You’re talking about rebuilding a lot of buildings, roads, bridges, ports so that they are fortified against climate change. And also, that we start investing in the kinds of energy efficiency that’s going to be required to battle climate change.”
Obama then tried to justify the price of the bill:
It’s got a headline price tag of $3.5 trillion, but that is not a single year. This is spread out over a number of years. Most importantly, it’s paid for by asking the wealthiest of Americans, who have benefited incredibly over the last several decades — and even in the midst of a pandemic, saw their wealth and assets rise enormously — asking them to pay a few percentage points more in taxes in order to make sure that we have an economy that’s fair for everybody.
To read more about this absurd suggestion, click here.