When taxes are raised, those with the means to do so will act to offset the losses. This is the same reason why hiking the minimum wage only engenders higher prices and more lost jobs. Of course, Biden also remains supportive of taking the federal minimum wage to $15 per hour.
The almighty government is rarely the answer. Conservatives continue to warn about this; however, Biden and his leftist allies will do as they please so long as they remain in power.
Over the years, some conservatives have advocating for abolishing the IRS, rather than granting the institution more power and more funding.
