Posted on 01/30/2016 9:13:32 AM PST by John Semmens
An analysis undertaken by the Tax Foundation estimates that the tax increases promised by Democratic presidential candidate Sen. Bernie Sanders (S-Vt) will cut economic growth by more than 9% and result in 6 million fewer full-time jobs.
"Sanders' plan would significantly increase marginal tax rates on capital and labor income, which would result in a substantial reduction of the size of the U.S. economy in the long run," authors Alan Cole and Scott Greenberg asserted.
Sanders' campaign manager Jeff Weaver pooh-poohed the report quoting economist John Maynard Keynes' observation that "in the long run we are all dead. At 74 years old Bernie hasn't the time to ponder the long run. The important thing is to take care of people now and let later generations fend for themselves."
"I know that the politically correct stance is to worry about our children and grandchildren," Weaver said. "But think about it. In the next generation most of the work will be done by robots. So most people won't need to have jobs. A better way of looking at Bernie's tax plan is that it will liberate 6 million Americans from wage-slavery. Instead of having to get up every morning, fight traffic, and punch a time-clock, six million more people can sleep late, secure in the knowledge that the government will provide for their needs."
Cole called Weaver's grasp of economics "stunning in its ignorance. By penalizing work and investment, Sanders' plan would deter the kind of innovation that is necessary to boost the average person's standard of living. His 'siren song' of 'free stuff' will engender sloth and ensure that poverty becomes more widespread."
In other avant-garde news, the New York City Council has legalized public urination. The disproportionate representation of minorities among those cited for what was previously illegal inspired the change. City Council Speaker Melissa Mark-Viverito declared that "insisting that natural body functions be conducted behind closed doors imposes white standards and white tyranny on minorities."
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://www.gopbriefingroom.com/index.php?topic=193324.0
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