It will help BALANCE THE BUDGET!
No it won't. They'll simply spend it.
As has been pointed out to you before, we could balance the budget right now by simply not increasing the budgets of federal programs for one year. No cuts.
In fact, we could balance the budget in a few years if we only increased the annual budget at the rate of inflation. But congress doesn't work like that. You give them money, they'll find a way to waste it.
Now sure, you don't care if they spend our money wisely, you barely pay any taxes. But as someone who paid over a MILLION dollars last year in taxes, I care quite a bit how it's used and the suggestion that I should pay more makes me incredulous.
What some people fail to understand is that the wealth of this country is overwhelmingly created by "the rich". Our government merely slows down the rate in which our (all of us) standard of living improves by looting capital from the productive to distribute to the unproductive.
The government certainly needs to tax, and at a progressive rate IMO, but we are overtaxed for what we get. We need taxes to provide a strong and fair legal system. A law enforcement branch. A military that can provide international stability. And a reasonable social insurance system.
But our government is way beyond that. We have politicians wanting to provide medical insurance to everyone regardless of means. Our government squanders money on wasteful social programs, inefficient educational programs, and coerced retirement programs not to mention the myraid of wasteful pork projects (like subsidizing ethanol which drives up food prices).
People who want to raise taxes in my experience are overwhelmingly people who simply want to feel good about themselves -- they're compassionate. But people like me are the ones who end up having to pay for other people's compassion and ultimately, when I have to pay, so does everyone else indirectly.
