The CNN site has bar graphs of the new spending and taxes. Here are the 10-year numbers.
new spending:
Medicare for All $27T
Green New Deal $16.3T
Free college at public universities $2.2T
Free child care & pre-K $1.5T
Housing for all $2.5T
Eliminate Medical debt $0.081T
Expand social security $0.275T
new taxes:
7.5% payroll tax paid by employers $5.2T
Income-based premiums $4T
Raise top tax rate on income over $10m $0.7T
Eliminate employer health care tax benefits $3T
Undo Trump corporate tax cuts $1T
Raise capital gains tax rates $2.5T
Cap state and local tax deductions $0.4T
Raise estate tax to 2009 level $0.336T
Fossil fuel taxes, fees and lawsuits $3.085T
Nationalize electricity production $6.4T
Cut defense spending $1.215T
Income tax on 20 million jobs created $2.3T
Make corporations pay more in taxes $2T
Undo Trump corporate tax cuts $2T
Reduced need for safety net $1.31T
Tax on Wall Street speculation $2.4T
Wealth tax on fortunes over $32 million $4.35T
Tax on CEOs $0.15T
Apply payroll tax to wages above $250,000 $1.7T
Ask not for whom the bell tolls, it tolls for thee.
Good post, and when you roll up all of his plans the economy of our country would be reduced to rubble as the grand total of his plans exceed the total wealth of this country
But of course Comrade Bernie knows best
Indeed, best to destroy our country and he leads us into Hell
Who?
NOT multi millionaire bernard
CNN doesn’t want Bernie because the DNC doesn’t want Bernie
I don’t care which loser they put up, Trump is going to take that person down like he did Hillary
Easy. The “rich” will pay for it when they pay their “fair share” of taxes.
Gimme gimme gimme and make the rich pay for it. Its the new American Way.
NOT Bernie Sanders.
ML/NJ
Who will pay?
No one. Because it will never happen.
cnn is on board per its marching orders.
Nobody because he will never be president.
I think we should be more concerned about the BernSandevirus than the Coronavirus.
Talk about societal upheaval...
Everyone will pay except the ruling elite.
At the beginning, taxes on work will be raised sharply. If you are productive, you will be forced to pay a lot. This will remove the incentive to work, and the people at the lower end of the scale (democrat voters) will stop working and collect money from the government.
They will take a chunk of accumulated wealth. This will be called a tax. It’s not a tax. It’s confiscation. Every year they will skim off a percentage. Probably 8%. After 12 years, they’ve taken it all, effectively.
They will initiate a tax on financial transactions. All electronic transfers and payments will be taxed. A small amount at first, and after the infrastructure is set up, the amount will be raised.
Inflation will break out. Anyone with savings will effectively lose them. The ruling elite and folks on welfare will not be hurt, as the politicians will raise the amount for inflation.
The country will be ruined financially, because hard work and drive, American qualities, will be disincentivized. The USA will have the economy of Zimbabwe or Venezuela.
In the ensuing disruption of the social order, the left will initiate a revolution, without calling it that, and push the USA into marxism.
Sanders is a Communist.
Communists don’t believe in money per se. They want to get rid of it altogether - rather than “paying”, one just takes what’s needed (never mind knock-down drag-out fights over what constitutes “need”, or why anyone would produce anything of value only to have it taken).
Bernie has made it very clear he has no interest in discussing “cost” of anything - a position only held to by Communists. When pressed, he resorts to hysterical flailing (both verbal and physical), quickly ended by giving just enough of a response to end the discussion under the circumstance.
Who will pay? To Bernie: everyone, with everything.
Millennials meed to be constantly reminded that THEY will pay tor it all, with every Form 1040, every year, for the rest of their working lives.
We the people will pay. As if socialism doesn’t cost us enough already.
“Medicare for All at the bargain basement price of $27 trillion”
You and I might get sick because of Bernie, but most of America won’t.
You’re paying now (and so are your employers) when the feckless get sick.
Berniecare is supposed to add dental benefits and universal custodial care. Those will cost more, lots more.
Let’s say ole Bernie wins the election. Anyone want to predict when Soros stops taking his phone calls. At the risk of being crass, I recall an old antonym, PDQ and I believe that would be how fast Bern would be cut loose to drift.
“Green New Deal $16.3T”
Bernie isn’t the only one of the Democratic contenders that is “green”.
As far as I know, only Bloomberg is less crazy on the subject. And Bloomberg’s less radical plans might get passed more easily by Congress.
And many of you have the misfortune of living in ‘rat-run states that think that changes in the USA can counteract the effect of CO2 production in China.