Hi Bill, good points. I agree what makes this effective is the very low tax rate applied. If they jack it up down the road that would be bad. Also I think people would be more excited about these type of ideas if they announced what they plan on doing with the money. If they said they would use this money to build a better health care system or repair and upgrade infrastructure Across the county, that would be much better than it going to “general government revenue”

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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