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Open original source ↗The reason she says “could pay for” instead of “will pay for” is crucially important to understand.
The programs Sen Warren talks about are important and helpful. But in no way can Sen Warren guarantee that the money the government collects can be sent directly to these programs let alone that those programs will spend it wisely and won’t waste it.
In other words, this can buy votes from the people grifting from the leaky bucket or idealists who want to tithe and think they are part of some greater good but it won’t actually solve any real problems.
Until there is some form of closed-loop accountability and auditing of government programs, even those that support big government need to be intellectually honest enough to admit this is all theater and sending good money after bad fixes nothing and is more destructive than helpful.
Quoted context
These are the quoted author’s words.
The Ultra-Millionaire Tax Act would generate over $6 trillion over the next decade—without raising taxes on 99.85% of American households. This wealth tax for millionaires and billionaires could pay for universal child care, free community college, Medicare expansion, and more.
ewarren ↗