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Bill USA

(6,436 posts)
Mon Feb 8, 2016, 07:35 PM Feb 2016

The taxes Sanders plans are in different league from any peacetime Democratic candidate in history

"The taxes Sanders is calling for are in a different league from any peacetime Democratic candidate in history."

"... it is a fantasy-come-true for Republicans. For decades, they’ve been falsely accusing Democrats of favoring huge tax increases. In this case, it would be the truth."



http://www.theatlantic.com/politics/archive/2016/02/sanderss-party-problem/460293/


The taxes Sanders is calling for are in a different league from any peacetime Democratic candidate in history. The single-payer health plan alone, according to the estimates of the Sanders campaign, requires raising as much revenue as the federal government collected in 2013 through the individual income and estate taxes. In other words, we’d need to double that revenue. To do so, Sanders proposes the following: a 6.2 percent increase in payroll taxes; a 2.2 percent increase in income taxes on everyone; higher estate taxes; taxing capital gains and interest as ordinary income; limiting tax deductions for the rich; and higher income-tax rates on the upper brackets.

To be sure, Sanders says that Americans would save money because they wouldn’t be paying private insurance premiums. But his plan has no limits on the scope of coverage and no patient cost-sharing—it transfers all private health spending into the Treasury, without any clear means of cost restraint. Free can be expensive. The plan would create winners and losers: The losers will surely fight it, and many of those who might be winners won’t trust the federal government enough to go along with it.

The taxes for Sanders’s health plan, combined with other tax increases on wages he’s proposed, would raise the top marginal federal rate to 77 percent, as Dylan Matthews shows at Vox. In addition to those taxes on earnings, Sanders is calling for an increase in the capital-gains tax, a new financial-transaction tax, and a new carbon tax.

The last of these, the carbon tax, is a good idea and a hard sell in itself. But the total package is not a platform that Democrats can run on—it’s a platform they’re going to run from. And it is a fantasy-come-true for Republicans. For decades, they’ve been falsely accusing Democrats of favoring huge tax increases. In this case, it would be the truth.
(more)


[font size="+1"] Seriously, anybody who can't see that Bernie Sanders running for President would be the most colossal disaster in history for Democrats and of course for the country, given the astonishing group of Moronic Assholes the GOP is unleashing this election year.[/font]


23 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The taxes Sanders plans are in different league from any peacetime Democratic candidate in history (Original Post) Bill USA Feb 2016 OP
Remind me again how much the Iraq War cost? kristopher Feb 2016 #1
And 14 years of Afghanistan to boot Art_from_Ark Feb 2016 #5
I could ask: "how much did they increase your taxes" This has nothing to do with morality or logic. Bill USA Feb 2016 #10
Sure, Bill. Sure. kristopher Feb 2016 #13
What is the price of maintaining an armaments industry larger ... kristopher Feb 2016 #2
see link Bill USA Feb 2016 #12
How much corporate and individual wealth is stashed in offshore tax havens? kristopher Feb 2016 #3
there is far too much concentration of wealth and income - about the same as before Great Depression Bill USA Feb 2016 #14
Then focus on the FUCKING PROBLEM and stop preaching defeatism. kristopher Feb 2016 #15
I know, with Bernie cometh the Rapture. Bill USA Feb 2016 #17
Really? The same Messiah crap? Didn't y'all learn anything from 2008? kristopher Feb 2016 #18
Post removed Post removed Feb 2016 #22
What's wrong with 77% when it was a reasonable 94% not that long ago? scscholar Feb 2016 #4
You'll save it on health premiums. Cheese Sandwich Feb 2016 #6
Verizon paid ZERO taxes from 2008-2013. Would it hurt them to pay their taxes? RiverLover Feb 2016 #7
Anybody who can't see.....what? LWolf Feb 2016 #8
This sounds like one of those Moronic GOP Assholes Armstead Feb 2016 #9
So are the amount in private health insurance costs people would save Kall Feb 2016 #11
$10,800 a year Health Insurnce Premiums minus $466 a year for Medicare-for-All = $10,334 SAVINGS in_cog_ni_to Feb 2016 #16
And the $10800 in premiums is probably just the beginning. if my husband and I were both in a kath Feb 2016 #19
I know! It's INSANE! Why even bother having insurance when you can't afford to use it, because the in_cog_ni_to Feb 2016 #21
TAX AND SPEND!!1 frylock Feb 2016 #20
Oh please, this is propaganda, Starr worked for the Clinton administration. beam me up scottie Feb 2016 #23

Art_from_Ark

(27,247 posts)
5. And 14 years of Afghanistan to boot
Mon Feb 8, 2016, 07:47 PM
Feb 2016

If the equivalent number of dollar bills that were spent on those two wars were stacked on top of each other, they'd reach more than a quarter of the way to the moon (100 million crisp dollar bills could make a stack 6.79 miles high)

Bill USA

(6,436 posts)
10. I could ask: "how much did they increase your taxes" This has nothing to do with morality or logic.
Mon Feb 8, 2016, 08:00 PM
Feb 2016


IT's entirely about electability. IT's requires just a De Minimis of understanding that we have a Republican Party which is comprised of masters of propaganda and manipulation. They would love to run against a candidate who plans to raise taxes as much as Bernie does. Doesn't matter how good his objectives are or how do-able (although there is considerable debate about that).

I just don't want to see the GOP win this election.




kristopher

(29,798 posts)
2. What is the price of maintaining an armaments industry larger ...
Mon Feb 8, 2016, 07:41 PM
Feb 2016

... than most of the rest of the world combined?

kristopher

(29,798 posts)
3. How much corporate and individual wealth is stashed in offshore tax havens?
Mon Feb 8, 2016, 07:42 PM
Feb 2016

Last I heard it was about $21 trillion in 2013.

Bill USA

(6,436 posts)
14. there is far too much concentration of wealth and income - about the same as before Great Depression
Mon Feb 8, 2016, 08:12 PM
Feb 2016

We need to correct this inequity. But it's a matter how much and how fast changes are made, and again....

..... electability. IT's requires just a De Minimis of understanding that we have a Republican Party which is comprised of masters of propaganda and manipulation. They would love to run against a candidate who plans to raise taxes as much as Bernie does. Doesn't matter how good his objectives are or how do-able (although there is considerable debate about that).

I just don't want to see the GOP win this election. That would set our country back decades (up to three Supreme Court Justices could be appointed by the next president).



Response to kristopher (Reply #15)

RiverLover

(7,830 posts)
7. Verizon paid ZERO taxes from 2008-2013. Would it hurt them to pay their taxes?
Mon Feb 8, 2016, 07:49 PM
Feb 2016

Would they still be able to make a profit? Yes.

LWolf

(46,179 posts)
8. Anybody who can't see.....what?
Mon Feb 8, 2016, 07:51 PM
Feb 2016

What about them?

You managed to make your font large and bold, but you didn't finish your statement.

Not that it really matters.

Polls consistently show Sanders beating every Republican by wider margins than Clinton.

Sanders actually gets crossover support, which Clinton does not.

Sanders is energizing Democrats and bringing people into the party. That's good for Democrats.

The 99% will thrive under a Sanders-style economy.

http://www.democraticunderground.com/12511174377

 

Armstead

(47,803 posts)
9. This sounds like one of those Moronic GOP Assholes
Mon Feb 8, 2016, 07:51 PM
Feb 2016

Taxes! Get The Pitchforks. The Liberals will Raise Your Taxes!

in_cog_ni_to

(41,600 posts)
16. $10,800 a year Health Insurnce Premiums minus $466 a year for Medicare-for-All = $10,334 SAVINGS
Mon Feb 8, 2016, 08:17 PM
Feb 2016

PER YEAR! PLEASE RAISE MY EFFING TAXES $466!!

I beg Bernie to raise my taxes!

People aren't stupid! They KNOW that tax hike is in lieu of Health Insurance Premiums!

PEACE
LOVE
BERNIE

kath

(10,565 posts)
19. And the $10800 in premiums is probably just the beginning. if my husband and I were both in a
Mon Feb 8, 2016, 08:22 PM
Feb 2016

Serious car accident, we'd have to pay something like $10,000 deductible before the insirance paid a dime.

in_cog_ni_to

(41,600 posts)
21. I know! It's INSANE! Why even bother having insurance when you can't afford to use it, because the
Mon Feb 8, 2016, 08:35 PM
Feb 2016

Premiums are so freakin' high and you'd be out-of-pocket for the most basic healthcare needs because the damn deductibles are so high. It's crazy that we allow this to go on!

Can you imagine paying $466 A YEAR!!! and being able to go to the doctor when you need to, no co-pay, no office visit cost? You just go to the doctor because you need to! You're in the hospital for 2 weeks and you get no bill? Seriously? And people don't want this? You're crazy not to!

PEACE
LOVE
BERNIE

beam me up scottie

(57,349 posts)
23. Oh please, this is propaganda, Starr worked for the Clinton administration.
Tue Feb 9, 2016, 07:08 PM
Feb 2016

We already went over this the first five times it was posted.

In 1993, Starr was the senior advisor for President Bill Clinton's proposed health care reform plan.

https://en.m.wikipedia.org/wiki/Paul_Starr

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