Sanders releases list of how to pay for his proposals

[Tamorlane]

Sen. Bernie Sanders (I-Vt.) on Monday night released a list of how he plans to pay for his proposals.

The presidential candidate announced during a CNN town hall Monday night that he planned to distinguish himself from President Trump and the promises the Trump campaign made in 2016 by posting to his website a detailed proposal on how to raise money for his plans.

The list published Monday details how the senator plans to pay for his big ticket promises like Medicare for All and the Green New Deal, in addition to smaller plans like Housing for All.

https://thehill.com/homenews/campaig...-his-proposals

The money would come from making the fossil fuel industry pay for “their pollution,” garnering profit from the wholesale of energy, decreasing defense spending, getting new income tax revenue and saving federal and state safety net spending from the jobs created in the plan and enforcing higher taxes on large corporations.

For the Medicare for All plan, 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, getting rid of health tax expenditures and increasing the top marginal income tax to 52 percent on incomes over $10 million.

He also would 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.

Sanders said an extension social security benefits for low-income senior citizens and people with disabilities would be paid for by having the top 1.8 percent pay the same rate into Social Security as working families.

Sanders proposed getting rid of medical debt by implementing an income inequality tax on large corporations that pay CEOs at least 50 times more than average workers.

[chaunce54]

I sure hope poor people don't like owning and operating motor vehicles.

[leafs43]

Damn, why couldn't he unveil this after securing the nomination?

Not even the joke that is the current democrat would want this. Sounds like Bootyplug and Bloomer going to pick up some votes.

[badreligion]

Translation- Tax the hell out of the rich and then act confused when there are no more rich people to tax.

[Cleveland33]

Translation- Tax the hell out of the everyone and then act confused when there still isn't enough money.

Fixed

[Sakeoe]

So tax everything and everyone while reducing incentive to work and remove the military?

And there are Americans voting for this platform?

[ButWhoWasNoodz]

So tax everything and everyone while reducing incentive to work and remove the military?

And there are Americans voting for this platform?

But he's so honest and free of corruption!

[jackamo2887]

The problem is the working class thinks "Hur dur it's only rich folks getting taxed"

Until suddenly it's them getting taxed and democrats will do what democrats do.. "it's the previous republican administrations fault"

BRB paying for Healthcare for everyone and illegal immigrations off taxes and suing people.

[JoshSP1985]

But he's so honest and free of corruption!

He's such a hero for the working man while working to destroy jobs.

[taf1968]

LOL . . . what a train wreck.

[Postmort3m]

So gas going to $6 a gallon........ I guess it doesn’t matter when you’re a lifelong government employee

[chaunce54]

he's such a hero for the working man while working to destroy lives.

ftfy

[jeffl1980]

So tax everything and everyone while reducing incentive to work and remove the military?

And there are Americans voting for this platform?

The majority of those voting for Bernie are making under 30k a year. They barely pay taxes now.

[Procta]

not so fast Bernie bro, there are only so many idiots you will fool on this one

[leafs43]

I am still not understanding the math.

So if we tax everyone and everything at 100%, we couldn't pay for Bernie's proposals. But somehow if we tax a fraction of a fraction of a fraction of some "rich people" it will pay for the proposals.


This must be the math they taught English Majors because it only makes sense in fiction.

[taf1968]

I am still not understanding the math.

So if we tax everyone and everything at 100%, we couldn't pay for Bernie's proposals. But somehow if we tax a fraction of a fraction of a fraction of some "rich people" it will pay for the proposals.


This must be the math they taught English Majors because it only makes sense in fiction.

Shhhh . . . no maths now. Only Sanders voter pixie dust economics.

[JoshSP1985]

I am still not understanding the math.

The green new deal alone nearly costs as much as total cumulative federal debt amassed over the last 100 years. No big deal should be easy to fund.

[dabbmw2002]

Does dopey Bernie Sanders realize that gas has a relatively inelastic demand that the gas companies will just transfer to the consumer? Poor people will be the ones who will struggle the most with $3.50 to $4.00 a gallon gas.

Then what?

Price controls? Then production drops and we have gas shortages and congratulation! You are on your way to Venezuela!

Do these *******s ever learn?

[Venom08]

Is Bernie the worst and most dangerous person in this country? I'd say so.

[chaunce54]

The green new deal alone nearly costs as much as total cumulative federal debt amassed over the last 100 years. No big deal should be easy to fund.

Even if we tax "the rich" at 100% of WHAT THEY HAVE, not even what they earn, it wouldn't be enough lol.

[chaunce54]

Does dopey Bernie Sanders realize that gas has a relatively inelastic demand that the gas companies will just transfer to the consumer? Poor people will be the ones who will struggle the most with $3.50 to $4.00 a gallon gas.

Then what?

Price controls? Then production drops and we have gas shortages and congratulation! You are on your way to Venezuela!

Do these *******s ever learn?

There is a reason poor people are poor. They aren't too bright and will vote for this never realizing they will be worse off for it...

[JoshSP1985]

Even if we tax "the rich" at 100% of WHAT THEY HAVE, not even what they earn, it wouldn't be enough lol.

Anyone have cliffs on what exactly makes the "green new deal" so expensive, where is the money going?

[Tamorlane]

Does dopey Bernie Sanders realize that gas has a relatively inelastic demand that the gas companies will just transfer to the consumer? Poor people will be the ones who will struggle the most with $3.50 to $4.00 a gallon gas.

Then what?

Price controls? Then production drops and we have gas shortages and congratulation! You are on your way to Venezuela!

Do these *******s ever learn?

So cutting into a fraction of their billions of profits means they have to offload that cost to the consumer? I don't know if that's how it would play out, considering there is still competition and some I bet would be willing to offset the increased costs without inflating gas prices.

Those largely responsible, who willingly knew what they were doing should be held accountable. And we're going to hold them accountable.

[chaunce54]

Anyone have cliffs on what exactly makes the "green new deal" so expensive, where is the money going?

It might not be exclusively the GND, but ALL of the spending that Democrats have been proposing can never be paid for by simply taxing the rich.

[Cleveland33]

So cutting into a fraction of their billions of profits means they have to offload that cost to the consumer? I don't know if that's how it would play out, considering there is still competition and some I bet would be willing to offset the increased costs without inflating gas prices.

Those largely responsible, who willingly knew what they were doing should be held accountable. And we're going to hold them accountable.

and there it is - let's limit success

[Techriding101]

So cutting into a fraction of their billions of profits means they have to offload that cost to the consumer? I don't know if that's how it would play out, considering there is still competition and some I bet would be willing to offset the increased costs without inflating gas prices.

Those largely responsible, who willingly knew what they were doing should be held accountable. And we're going to hold them accountable.

lol we?

Communist

Imagine telling people who live in a different country than you that they should pay more taxes...because

[leafs43]

Socialists always think the people who tried it in the past were too stupid and they are more intelligent.

And they end up falling into the same pitfalls of a broke country, massive poverty, crumbling infrastructure, because economics doesn't run on feelz.

[Procta]

So cutting into a fraction of their billions of profits means they have to offload that cost to the consumer? I don't know if that's how it would play out, considering there is still competition and some I bet would be willing to offset the increased costs without inflating gas prices.

Those largely responsible, who willingly knew what they were doing should be held accountable. And we're going to hold them accountable.

accountable for what exactly

[Tamorlane]

Socialists always think the people who tried it in the past were too stupid and they are more intelligent.

And they end up falling into the same pitfalls of a broke country, massive poverty, crumbling infrastructure, because economics doesn't run on feelz.

Actually the Scandanavian countries and Canada are doing very well. They're considered some of the best countries in the world. They aren't "socialist", but they're definitely what someone like you would call socialist and they closely resemble what Sanders is fighting for.

[Tamorlane]

accountable for what exactly

Accountable for knowingly contributing to global warming, hiding their own research and then maliciously spreading disinformation so that they could continue harming the environment for short-term profits.

Exxon Knew about Climate Change almost 40 years ago
https://www.scientificamerican.com/a...-40-years-ago/