Posted on 03/29/2016 1:24:29 PM PDT by Starman417
OK, perhaps not exactly, but the actual effects of his proposals that he's been hiding are what I think we need. The Bookworm pulls apart his argument in detail. In fact, she has a site dedicated to countering the false promises that Bernie is feeding his supporters.
As to his tax plan:
To fund his proposed 18 trillion dollars in new spending, Bernie is going to tax everybody and tax them hard. This is not a Republican viewpoint. This comes from Vox, a internet media outlet known for its strong Progressive orientation.Matthews even provides a handy chart to show how everybody's tax rate increases - you can see how you'd be affected here.Writing at Vox, Dylan Matthews took a look at the Tax Code if Bernie is allowed to go forward with his plans to socialize medicine; make college free for everyone, although he’s already conceded that college graduates aren’t getting jobs as matters stand now; revamp America’s infrastructure, something Obama promised but failed to do; have the government create jobs for young people, a ridiculous scheme that Milton Friedman destroys with a single question about spoons; expanding Social Security, a program that is already going broke and suck vast amounts of money out of the federal budget; and a whole bunch of other, smaller programs.
Faithful readers know that my economics lean toward the proven success of the Hayek-insppired school of thought, so why am I getting behind Bernie's plan?
Ace provides a great follow-up to what Kevin D. Williamson wrote about Republicans' unwillingness to have the tough talk that America needs to hear on federal spending. First, here is part of Williamson's piece, which is worthy of a "Read the whole thing."
Every Republican tax-reform plan should be rooted in this reality: If you are going to have federal spending that is 21 percent of GDP, then you can have a.) taxes that are 21 percent of GDP; b.) deficits. There is no c.And Ace goes on to make the point:If, on the other hand, you have a credible program for reducing spending to 17 or 18 percent of GDP, which is where taxes have been coming in, please do share it.
The problem with the Growth Fairy model of balancing budgets is that while economic growth would certainly reduce federal spending as a share of GDP if spending were kept constant, there is zero evidence that the government of these United States has the will or the inclination to enact serious spending controls when times are good (Uncork the champagne!) or when times are bad (Wicked austerity! We must have stimulus!).
The problem has grown so immense that we've decided to declare it officially a Non-Problem. (It will decide to re-assert itself as a Really Big Problem in a short period of time.)So I no longer believe in the "starve the beast" theory, because the "starve the beast" theory relies upon Americans understanding the mid-to-longer term trajectory of their spending choices, which they plainly do not.
Since Americans are not capable of understanding the mid-to-longer term trajectory of their spending choices, it seems to me the only way to impose budget discipline and spending rollback is to offer Americans an immediate, as opposed to future, confrontation with reality: that is, if Americans wish to have so much government, they should be forced to pay for the level of government they are choosing, and not defer that payment (as they apparently will choose, every single time) into the future, to be imposed upon their children.
But, instead, they must be forced to reckon with the level of government they are choosing now by paying the full freight and cost of that government now.
That is to say: I believe that rolling back spending is only possible when Americans are made to feel the costs of the government they're choosing, and that will only happen when they're forced to actually pay for it.
If Americans want 21% of GDP to be wasted on government, then we should make them pay 21% of their GDP to pay for this clumsy, murderous Goliath.
And when they grow tired of paying 21% of GDP for this level of gold-plated, clay-footed government, perhaps they will see the sweet reason of reducing government expenditures down to, say, 19% of GDP, or, dare we dream, 18%.
I don't see any other way, frankly. And removing ever-more people from the tax rolls altogether -- making lower income people not even pay a small amount of tax -- accelerates the growth of government, as we create a larger and larger class for whom Big Government has tangible inducements and no visible drawbacks.
(Excerpt) Read more at floppingaces.net ...
No, I don't see that retarded blog on the excerpt list.
Just post that amateur trash right here for all to see.
Why is it the posturing punditry in the press are so profoundly ignorant? The "Growth fairy" model is the only one that produced balanced Federal budgets in the last 50 years.
“Americans want American levels of taxes and European levels of government.” It’s one of the rare points where we’re in total agreement. I think that passing budget after budget where we essentially pass tax increases on future generations is cowardly or ignorant at best, and absolutely malevolent at worst...
read the whole thing. it was good. the last part, above, was on the money.
I love this!!
No, they won’t. They never will. Like the Soviets who were imprisioned by Stalin in the Gulags who continued to praise him, the type of people who support Bernie Sanders will support him and socialism until they die.
It will always be “Oh, he was fought every step of the way” or “Oh, he had the right idea, but couldn’t put it into action...”
It will never, ever, ever be someone like that saying: “I guess you can’t just pull wealth from nothing...someone has to create it.”
Never. But...I DO love that graphic!!!!!
It’s called “Marxism”.
Karl Marx was going to DESTROY the middle class.
His central idea was to use taxes to do it.
But you can’t explain this to Sanders supporters (who are largely middle class.)
This nation is DOOMED.
Even if Sanders doesn’t win this time, him and his acolytes will be back.
We will see Venezuela North America in our lifetimes.
You probably shouldn’t have voted for it, but look at the upshot - you got to act like you were the smartest person in the room for a couple minutes. :)
Because you’re an idiot?
The last three words of the 24th amendment ALLOWED NON TAX PAYERS TO VOTE. It was the worst mistake this nation has ever made. Those three words are what is killing us now.
We will either repeal that, or we will collapse. I am betting on Collapse, then it gets repealed by reality anyway.
No, he makes a very good point. You aren't going to fix things until people are hurting very badly, and mad enough to kill people over it. Then things will get fixed.
It's exactly the same approach I urged they take with Obamacare. Slam the entire thing down on the American Public immediately, without letting them ease into it, or prepare for the pain. No deferrals, immediate costs, and then watch the Democrats scream after people want to cut off their heads.
The American people deserve pain, and lots of it. They need to get it, because if they keep letting themselves be lulled into this fantasy belief that they can get a free lunch, it's going to be worse for them when things collapse.
I tend to think you are correct. Agenda 21 is making great headway on the west coast - land ownership is racist and socially unjust, you see.
The problem with your logic is that you assume that a strong enough dose of liberalism will jar the public and they will realize the error of their ways and become conservatives. Ha ha ha. You are talking about an electorate that voted in Obama twice.
This country is so huge that it can absorb failures like Obama and liberal policies for a long time. The chickens come home to roost but that is WAY down the road.
Okay, that does make sense... Lol
“Why I Support Bernie Sanders Tax Plan”
Because you’re a MORON?
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