Open Up (Your Wallet) and Say "Ahhhh!"
WASHINGTON (Reuters) - Democratic U.S. presidential candidate John Edwards on Sunday said that he would raise taxes, chiefly on the wealthy, to pay for expanded healthcare coverage under a plan costing $90 billion to $120 billion a year to be unveiled on Monday.
Disclaimer: Actual results may vary, depending largely on one's definition of "chiefly".
"We'll have to raise taxes. The only way you can pay for a healthcare plan that cost anywhere from $90 to $120 billion is there has to be a revenue source," Edwards said on NBC's Meet the Press news program.
$120 billion a year in new and exciting confiscatory tax schemes? Well, shit! Where do I sign up?
And, that preliminary estimate of the annual cost of his latest socialism-induced fantasy does not yet reflect the "If a liberal politician tells you his latest big government-based "solution" will cost x amount of dollars to implement, you can rest assured the final bill will come in somewhere between 10x and 100x" adjustment.
Not on my watch, pretty boy!