Scott Lincicome(@scottlincicome):"Taxing the Rich Can’t Close the Federal Deficit" https://t.co/0m1nnfg6ZK via @CatoInstitute @adamnmichel "Confiscating all income earned over $1M would cover only about 80% of the Congressional Budget Office’s (CBO) projected $24.4T federal deficit over the [10Y] period."

Scott Lincicome

@scottlincicome

VP @CatoInstitute (econ/trade), adjunct @DukeLaw, columnist @TheDispatch & @Bloomberg. CH❤️RTS. You didn't read the article, did you? Go @Rangers.

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Scott Lincicome@scottlincicome

2026.08.26 11:29

"Taxing the Rich Can’t Close the Federal Deficit" via @CatoInstitute @adamnmichel "Confiscating all income earned over $1M would cover only about 80% of the Congressional Budget Office’s (CBO) projected $24.4T federal deficit over the [10Y] period."