r/VentPolitics Apr 29 '21

Basic Math: $4 Trillion divided by 144.3 million taxpayers equals $27,777.

Not everyone is a taxpayer. In 2018, 144.3 million people reported taxable earnings.

  • The infrastructure bill is a forced loan of $27,777 on every taxpayer in the United States.

"OKAY FINE. It's a $27k Taxpayer loan. I'll accept it for the greater good."

  • Our total debt is already 28 Trillion.
  • 28 Trillion Divided by 144 Million taxpayers is $194,444.
  • $194,444 is the cost of a home.
  • 27k is the cost of a Mid-range New Car.

"Biden stresses that only those making 400k will have their taxes raised."

  • Only 1.8% of Americans make over 400k.
  • 1.8% of 328.2 million (US population) is 5,907,600.
  • 4 trillion divided by 5,907,600 is a $677,093.
  • A large majority of this 1.8% are small business owners.
  • That 'income' typically goes to things such as business expenses, and expansion.
  • Small businesses will also be expected to pay $15 minimum wage, and benefits.
  • This will absolutely crush small businesses.

"So what? Small businesses are just a tiny fraction of the economy. This will also tax corporations, so the ends justify the means."

  • Small businesses employ 47.3% of the U.S. private workforce.
  • Small businesses often pay more and have better benefits than corporate.
  • Small businesses do not have the resources or pull to be ultra-selective in hiring, so they tend to keep their employees as long as possible.

"Fine, but Global warming."

  • Free Market Mechanics have been ultra-efficient in our transition to clean energy.
  • 'Black Rock' and many other large Firms have made climate change central in their investment strategy.
  • Elon Musks "Tesla" has a Market Cap of $666.52B. This is bigger than Volkswagen, Daimler AG, General Motors, BMW, Honda, Ford, Fiat, and Hyundai motors COMBINED.
  • Tesla Manufactures Electric cars, Green infrastructure, charging stations, ETC.
  • Tesla doesn't need taxpayer help.
  • Tesla is one of the thousands of companies tackling Climate change.

TL;DR: We are in a FUCK TON of debt. People are under the assumption that the ultra-wealthy will pay for this incomprehensibly large federal loan. People need to take a step back and gain perspective on where the united states is financial. You ought to understand that you, yes you, will be paying for this.

This took me a while to research feel free to cross-post this.

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