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I share various data and factors I think we should consider when it comes to raising taxes. I discuss Biden's 2025 tax proposal and projected impact on our economy. Then, I share my thoughts. --- Follow-up Videos: How to Become Financially Independent: • How to Become Financially Independent Asset Allocation Explained [Modern Portfolio Theory]: • Asset Allocation Explained [Modern Portfol... Three-Fund Portfolio [The BEST Portfolio!]: • Three-Fund Portfolio [The BEST Portfolio!] -- Outline 00:00 Intro 00:57 Current Tax, Spending, and Debt Levels 03:18 Who is paying the taxes and how they are being spent? 07:49 Purpose of taxes and what is fair 09:23 Overview of Biden’s tax proposal 14:27 Government Waste 19:38 Different factors I think we should consider 23:50 My Opinion --- Disclaimer: I am not a financial advisor. My videos are for educational purposes and are my opinions. You should seek advice from a professional advisor or perform your own research. There is no guarantee you will be successful following my opinions.