Bernie Sanders released a fact-sheet Monday evening explaining how he will pay for all those freebies. He will raise taxes and sue — massively, among other methods. That should cause disruption and misery throughout the nation.
The senator from Vermont is trying to get ahead of complaints that he has unrealistic economic plans. This follows his eyebrow-raising CBS News interview in which he stood up for Castro’s Cuba and appeared to have no idea how he will pay for his grand programs.
His fact-sheet highlights his reliance on conjecture to cover costs. For example, he claims his Green New Deal will create “20 million new jobs,” thus ensuring $2.3 trillion in “new income tax revenue.” What jobs? He doesn’t say.
Because he’s “averting climate catastrophe,” he says, it will save $2.9 trillion over ten years, $21 trillion over 30 years, and $70.4 trillion over 80 years.”
Huh? Where are these figures coming from? What catastrophe? Where’s the spreadsheet.
To pay for his Medicare For All, he will have employees pay a 4 percent income-based premium, exempting the first $29,000 for a family of four, and he will impose a 7.5 percent income-based premium paid by employers, exempting the first $1 million.
He wants housing to become a human right and has a $2.5 trillion plan for his Housing for All. The wealth tax will pay for that.
The $2.2 trillion for free college and trade schools will be paid for by a tax on Wall Street.
Bernie will expand Social Security welfare and the wealthiest Americans will pay for that.
A wealth tax will pay for free childcare and pre-school.
He will pay off everyone’s medical debt by taxing large corporations.
The top corporate tax rate will go back up to 35%. There are other taxes, including the death tax.
He will sue the fossil fuel industry, push them towards alternative energy, and that will somehow create 20 million jobs.
It’s insane. It is still clear he has no idea how he is going to pay for this. He’s an economic illiterate.
The wealthy and corporations will simply leave the country.
He speaks as if everybody obeyed him. He never told us what is he going to do with those who oppose and with the lazy ones. There won’t be money to feed them. Nor there will be private businesses according to his Marxist ideology. So why does he speak about employers? He knows very well what would happen if he gained power, but that’s not a subject for discussion.
@ Herbert,
A feature and not a bug. Hungry people who can’t exist without mommygov are easy to control.
Mass chaos means expansion of gov and doing things that would never fly in prosperous times.
Remember the tiny dancer Rahm’s comment…you never let a crisis go to waste.
Just curious. Which candidate is supported by the Russians? His plans sound very Sovietesque. So lets blame Trump.
Dr. Savage revealed that the minimum wage increase would be eaten up by taxes and the rate would remain at the average of $7.25/hr. He was using this thing called basic mathematics.
These are startup first time entry level jobs and a person should be looking to upgrade but some people don’t aim very high in life.
This is insanity driving us toward a third world chaos.
“There are other taxes, including the death tax.”
He will tax Americans to death and beyond. Will he due the deceased?
Correction: “sue” the deceased?
Not that mini-Mike isn’t any less Marxist than Bernie, but Bloomberg will beat Bernie up with these numbers if they ever debate each other.
I had 2 Bernie Bros pestering me today on YouTube comments. They’re sure Bernie walks on water and everyone else is a fascist.
This is brilliant, tax the rich 6 ways from Sunday, who won’t stay here and take those jobs with them. It will be interesting to watch him tax people who have no income because they have no jobs. But wait, he’ll fall back on the genius of Obama’s shovel ready jobs to dig himself out from under the Bernie Sanders BS manure spreader. Bernie’s special calculator is the Bowel Logic model that allows him to pull the tape out of his old constipated ass. I’m betting mathematics was not his strong suit and he suffers from ED, Economic Dysfunction. …. Bernie, go back to VT and milk a bull what comes out the other end is chocolate moose it’s free. You’ll love it What a schmuck putz.
LOL, I love your comments!
He has just raised taxes of the “little people”. Democrats don’t get that corporations pass their taxes on to people paying for their services or products and it is called expense recovery. Pie in the sky BS. The Green industry under Obummer went bust and the so called jobs either vaporized or went bust at the taxpayer expense. What few green jobs survive are being bankrolled by taxpayers. I call Bull. On his dollar projections, anything up to 10 years is speculation and anything past 10 years is total lunacy ASSUMING everything stays the same.
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