This will not work in our country. We have 319+ million legal citizens and lord knows how many illegal immigrants, Scandinavian politics may work in that part of the world because there are only what ~26.5 million people in the region? People also are flocking to the Scandinavian region every day at our rate. If we ever want TRUE equality (because people are so concerned about things being "fair") implement a flat tax on everything from income to capital gains. Why should we hammer the rich? Just because they can afford it? No, that's stupid because the "rich" are our job creators for the most part. We raise taxes largely? Say goodbye to small business, or at least to the employees of said business. Soon enough we are all suckling on the governments tit because there are no jobs and the "benefits" of our government would slowly deteriorate because NO ONE IS MAKING ANY INCOME TO TAX FROM.
Yep, the capital gains is the loophole. Bernie wants to raise it to 39.6%. That's across the board btw. So whenever you sell your home. Sell any business. Sell your stocks. No matter your income, Bernie wants to charge you 39.6%. That's where everyone will get hit by tax. It's almost a 25% gain on lower class and 19.6% for high investors
Okay, so you believe everything he just said will be accomplished? Do you really think free healthcare, schooling and social welfare will be less than 50% GDP? Show me...
I am all for an equal "flat tax". Look at how much budget we give for the IRS. We could save a lot of that because we won't have to audit tax write offs. http://www.irs.gov/PUP/newsroom/FY 2014 Budget in Brief.pdf
So now it's do you believe everything he said will be accomplished... You're hilarious mags. The only thing Trump knows when it comes to the economy is how to file for bankruptcy.
What do you have against people working? Anyone that wanted to work had a job when Bush was President. I owned a business in Portland back then. I could not fill all of the jobs I had; many of the people I had to hire were under qualified. Here is a chart comparing Obama's and Bush's employment record during their first term.
No, I am asking you how does "Bernie Sanders" accomplish an economic model of Scandinavia of 50% GDP? You know damn well that is what he wants and what he will push for. So how is he going to do it? Does the current "gameplan" you posted a link from his campaign site explain how we can accomplish this?
Of course you are for a flat tax. Most Republicans are because they know a flat tax is regressive on the poor. Middle class people spend 100% of their money in the economy. As opposed to the rich who spend about 35% of their money. Who's paying more taxes then? A flat tax is bullshit and we know it. Next thing you know you'll be talking about your 9-9-9 plan...
How is it regressive? You can cut the IRS budget by 74%, which is hundreds of billions. I think if all pay into the kitty, we can have these socialized welfare projects you want so badly.
You keep pushing this bullshit notion and your strawman has burned. You haven't proved at all in this thread that Bernie wants to do that.
I just explain to you how it was regressive. A flat tax is a sales tax. You tax the spending of individuals when you do that. The truth of the matter is that middle class people spend way more of their money than rich people do. It's simple math.
Oh okay, so you punish those that want to save their money over the one that blows their load? No fucking wonder this country is a mess
This post truly shows your ignorance with regard to our consumer driven economy. The poor and middle class have to spend 100% of their money.
See I was poor. I had a family of 4 with a combined family income of $36k. I tithed 10%, owned a home, had 1 car and ate well. We had money left over to save.
First, try doing that in today's economy. Second, you ended up spending your savings on something. You certainly weren't taking any trips or anything like that. But you did end up spending that savings. You probably just don't remember what you spent it on.
When you're barely being taxed and make a gazillion dollars it's very easy to only spend 35% of it. When you're making minimum wage you're spending 100% of your money just to eat and get to work. And don't even think about eating healthy.
During the Reagan years it sure did. Not only was there a big jump in upward mobility, mobility was greatest for black people than for white people. Mobility means moving from the bottom 1/5th of income earners to any of the next higher 1/5ths. The guy who called it voodoo raised taxes, didn't he? Well there you go. That was the start of making it not work. http://www.cato.org/pubs/pas/pa-261.html Fable 11: The Poor and Minorities Lost Ground under Reagan's Economic Policies The 1980s was the first decade since the 1930s in which large numbers of Americans actually suffered a serious decline in living standard. [51] The poorest 20 percent of Americans experienced a 6 percent gain in real income in the 1980s and have suffered a 3 percent loss in income in the 1990s. Figure 13, which compares the income trends for the poorest fifth of Americans over the past 20 years, shows that the poor did the best during the Reagan years. Black Americans saw their incomes grow at a slightly faster pace (11.0%) than whites (9.8%) in the Reagan years (see Table 9). Source: Bureau of the Census, "Money Income and Poverty Status in the United States, 1995," Current Population Reports (Washington, D.C.: Bureau of the Census, 1995).
