What the Sigma

America Needs 18000 From Every Household


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The US just crossed 100% debt-to-GDP and the math to stabilize it by 2036 requires an extra 18,000 dollars per household per year in new taxes, not just from the rich but from everyone. Even if you ran Bernie Sanders' full tax agenda—77% estate tax, 8% wealth tax, 50% income tax on earners above 200k—you only close about half the gap because the wealthy income base is too small relative to the hole. The only fixes that actually work are a 12-point income tax hike across all brackets, an 11.5-point payroll tax increase, or a 30% VAT, and Washington won't touch any of them, which means the bond market eventually becomes the disciplinarian instead.
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What the SigmaBy Grep News | Chad Stacks