It will also promote the domestic oil production industry, help balance the federal budget and reduce the trade deficit. So for those reasons I am in favor of an oil import tariff. It would be a GREAT thing.
Maybe offsetting income tax reduction would be a good thing too.
tax capital gains at the same rates of income from wages, enact the For the 99.8% Act, reform the corporate tax system and use money from the tax on the extremely wealthy.
The Vermont progressive's plans for College for All and removing student debt would be funded by a tax on Wall Street speculation, according to the list. Housing for All and universal childcare and pre-K would be funded by the wealth tax on the 0.1 percent, or those making more than $32 million.
Meaning weakening the country at a time of increasing military threats, and punishing the industry that has greatly helped the economy, and reducing taxable income while increasing taxes on those who pay the most taxes, thereby hurting the economy, weakening the rich to supposedly strengthen the poor, thereby reducing taxable income while increasing taxes on those who pay the most taxes, and thereby supposedly strengthen the poor by weakening the rich, and punishing financial profit, while fostering indolence and dependence upon the State.
Meaning punishing capitalism to slide towards state control of industry and communism.
They would NOT pay.
WE would pay.
At the pump.
...making the fossil fuel industry pay for “their pollution,”...
Just where do you think the "fossil fuel industry" gets their money from? If you make them pay, they are going to pass on the added expense to their customers - that's us folks.
...garnering profit from the wholesale of energy...
That's lib-speak for increased taxation of the energy industry. Guess what happens when their costs go up? They are going to pass on the added expense to their customers - that's us folks.
...decreasing defense spending...
Ah yes, the "peace dividend" because nation-state and state-like actors such as China, North Korea, Iran, ISIS, etc. are all preparing to sit around the camp fire singing kumbya. Only problem is, the campsites they've picked out are all in neighboring countries and regions that they'd like to take over or at least subvert to their will. It's a dangerous world.
...getting new income tax revenue...
Ah, well at least here buried in the midst of the BS is a shred of honesty. Right there folks, they want to come for more of our money.
...saving federal and state safety net spending from the jobs created...
Oh, you mean like those created by President Trump's policies that have resulted in record low unemployment rates, increasing labor force participation rates, and reduce food stamp and other assistance program use?
...enforcing higher taxes on large corporations....
Oh, so it's not just fossil fuel companies and the energy industry in general, and individuals who will feel an increased tax bite - it is nearly every company. We all know the devil is in the details and I'm sure the tax fairy would visit her hell upon not just multi-billion dollar a year companies but all the way down to mom & pop outfits. Guess what happens when their costs go up? They are going to pass on the added expense to their customers - that's us folks.
...Sanders said he plans to create a 4 percent income-based premium while exempting the first $29,000 in income for a family of four, requiring employers to pay a 7.5 percent income-based premium...
Short version: more government taxation (by any other name, just as odious) and you know the story, who ultimately pays for that?
...increasing the top marginal income tax to 52 percent...
Really starting to sound like a broken record here - more taxes, paid for by...you guessed it, us!
...He also would tax capital gains at the same rates...
More taxes, money out of our pockets.
...enact the For the 99.8% Act...
Yet more taxes, more money out of our pockets.
...reform the corporate tax system...
If you're "reforming" to increase government revenue then basically you're saying you're going to increase corporate taxes. Guess what happens when their costs go up? They are going to pass on the added expense to their customers - that's us folks.
...use money from the tax on the extremely wealthy...
Again, the devil is in the details. Just who do you think an avowed communist considers "extremely wealthy?" If you have a computer or smart phone and you're reading this, compared to our beloved comrades throughout the world you/me/we are "extremely wealthy" and guess what, more taxes...
What it really comes down to, when you filter out all the BS is fundamentally two different systems for society.
Capitalism, for all it's warts and inequities both actual and merely perceived works. You have options. Maybe not a lot, maybe not the ones you want. Hey, none of us are likely to be living in Malibu, dating a supermodel, and driving a Ferrari. But with a job and a little money in our pocket our choices and our destiny are our own.
Socialism, communism, marxism, democratic socialism, fascism... Whatever name you want to give it, however you want to organize and enforce it, sucks. Sure, they sound wonderful at first, or on the surface - we'll take care of you! Look at all these great services and things we can do for you! You won't have to worry about X, Y, or Z! Anyone remember that scene from "The Avengers" where Loki is addressing the kneeling crowd, telling them something to the effect of he's there to free them from freedom? Yeah, Sanders and his ilk are Loki. They don't want to provide all these great things to us 'cause they like us or care about us. They want power and control. Everything we make, or nearly everything we make - taken as taxes, managed by the government, then services provided. Services as deemed sufficient by the government. It is literally turning over virtually all your freedom and power to the government. No thank you. In fact hell no.
All of the people who were threatened with high taxes, millionaires and billionaires will leave and safe guard their money THE MIDDLE CLASS once again who the socialist and rats call rich will foot the bill
He’ll fund his agenda by putting hundreds of thousands of insurance company employees out of work, growing government, imposing artificial and prohibitive price controls on the energy industry, destroying the stock market and by extension the retirement accounts and accumulated savings of many Americans, and soaking the rich to the point where all but the most disinterested or elderly abandon America. He’s promising all of this and his supporters believe not only that their time is now, they will not have a lot of patience for anyone delaying the plans.
So among other necessities, he wants gasoline to be $10/gallon? I wonder if anyone on the stage at the next debate will ask him about that.........I suspect it will be crickets.
So, let’s see...
Establishes the judiciary branch as a tax authority, bypassing the requirement that all budgetary bills start in the House by making a pitstop at the judiciary lawsuit bar...
Raises prices on everything since corporations don’t invent money, as well as reducing jobs.
Raising income taxes for anyone not getting freebies - oh, by the way, if you’re an illegal, come get your freebies, no need to prove any income since that might expose illegal employment too.
Yep, seems like the normal liberal ideology, give away other people’s money and create even more dependent people by crashing the economy.
We joke about Venezuela being some kind of warning. Liberals view it as a roadmap to electability.
Multiply his numbers by 2 or 3 to get the real taxes.
LOL. We already know. Make the “rich” pay their “fair share”. If the “rich” just paid “a little more”, everything would be paid for!!!!
This is so scary, his plan would devastate the economy. Massive unemployment and famine conditions would be the results.
There goes any future raises you'd hoped to get to help pay for the OTHER things Bernie wants to GIVE AWAY!
I just wonder what types of WEAPONS will be used to do this???
That's an awful lot of loot to spread around!
Are you ready for $8.00 per gallon gas?
Not mentioned in the blurb above Comrade Bernie plans to get additional monies from slashing the military which we don’t need unless we have to bomb North Korea, Iran, Israel, or China. Russia is our friend
So he plans on paying for it by forcing others to pay for it. Like employers. Because general workers don’t get if it comes out of the company’s bottom line it’s coming off your top line.
Well we do know the black market would definitely grow. Remember, the black market in the USSR?
Actually the black market is HUGE under our current system.
2 words for Crazy Bernie: Laffer Curve.
Fredo is smaaat.