Bernie Sanders: Democrats Need to Wake Up

[Ridgerunner]

Thanks for this. During the primary, I remember having to explain to a Trump supporter who clearly had no clue about what a marginal tax rate is, that Bernie was not proposing to tax all their income at 90%. And that person’s income is such that actually no portion of it at all would even fall in the top bracket anyway. As you stated a top marginal rate of 90% is not even close to taxing all their income at 90%. Far from it.

Only Trump supporters are vague on what marginal rates are?

Some troubling aspects of Clinton’s tax plan are:
-Lowering the exemption from the “death tax” from the present 5million to 3.5 million. While either seems like a lot to some, there are a lot of people with estates of 3.5 million. For farmers, ranchers and small business owners, it means sale of the asset, so the family can’t have it anymore.

-Capping itemized deductions to 28%. The ability to deduct income is very important to business start-ups. Oftentimes it’s the only thing that makes it possible.

-Modest increase of the tax on super-high earners is almost certainly illusory, because they always find a way to avoid it.

-It, combined with her spending plan, still produces a net deficit.

The only really comforting aspect of her spending/taxation plans are that she probably doesn’t really intend the benefit parts that compose most of the spending increases. What really needs to the thought about in all of this is who is most able to buy her. Anybody whose fortunes are going to be determined by the most likely buyer of Hillary Clinton will do well under her presidency. If your life is determined by the losers in the bidding, you’ll lose too. So, if your employer is Goldman Sachs or Walmart, or an importer of foreign oil, you’ll probably gain. If your employer is the rival of either of the first two or a domestic competitor of the middle eastern oil producers, you’ll probably lose.

 

[estesbob]

Only Trump supporters are vague on what marginal rates are?

Some troubling aspects of Clinton’s tax plan are:
-Lowering the exemption from the “death tax” from the present 5million to 3.5 million. While either seems like a lot to some, there are a lot of people with estates of 3.5 million. For farmers, ranchers and small business owners, it means sale of the asset, so the family can’t have it anymore.

-Capping itemized deductions to 28%. The ability to deduct income is very important to business start-ups. Oftentimes it’s the only thing that makes it possible.

-Modest increase of the tax on super-high earners is almost certainly illusory, because they always find a way to avoid it.

-It, combined with her spending plan, still produces a net deficit.

The only really comforting aspect of her spending/taxation plans are that she probably doesn’t really intend the benefit parts that compose most of the spending increases. What really needs to the thought about in all of this is who is most able to buy her. Anybody whose fortunes are going to be determined by the most likely buyer of Hillary Clinton will do well under her presidency. If your life is determined by the losers in the bidding, you’ll lose too. So, if your employer is Goldman Sachs or Walmart, or an importer of foreign oil, you’ll probably gain. If your employer is the rival of either of the first two or a domestic competitor of the middle eastern oil producers, you’ll probably lose.

Basically her tax plan nails the middle class while having little impact on the “rich” who’s itemized deductions and exemptions are already limited. When they ask John Dillinger why he robbed banks he answered “because that where the money is” That is the same reason all tax reforms disparately impact the middle class.

 

[jediliz]

I think he and his supporters, including me, believe that he is pro-life by his stance on economics, education, healthcare, immigration, environment, incarceration, etc…

except he IS not pro life on the MOST important issue: The life of the unborn child in the womb. That child represents the future of america. Voting for someone who is in favor of tearing that child apart piece by piece and then suctioning their tiny body out…or just tearing apart piece by piece…or even worse…prematurely delivering the child deliberately breech position so they can puncture the head and suck out the brains…that is one of the sins that cry out to heaven for Vengeance.

 

[holyreyes]

except he IS not pro life on the MOST important issue: The life of the unborn child in the womb. That child represents the future of america. Voting for someone who is in favor of tearing that child apart piece by piece and then suctioning their tiny body out…or just tearing apart piece by piece…or even worse…prematurely delivering the child deliberately breech position so they can puncture the head and suck out the brains…that is one of the sins that cry out to heaven for Vengeance.

I hear you and why can’t the pro-lifer politicians who control both the Congress and the Senate and the numerous Pro-Life Presidents do anything about it? And if by voting Trump, a tentacle of Mammon god, CAPITALISM, who in my honest opinion is responsible for all evil in the world, is going to solve the issue???

 

[anon67074017]

Bernie Sanders wants to create a socialist state in America. I would not listen to his advice. He is proposing what Our Lady of Fatima warned about.

 

[jeannetherese]

I think he and his supporters, including me, believe that he is pro-life by his stance on economics, education, healthcare, immigration, environment, incarceration, etc…

While I share in their concern for those issues, one must be alive in order to enjoy the benefits of economic, education and healthcare programs and of changes in immigration, environmental or incarceration programs. They are very important, but I tend to associate them with quality of life, rather than as prerequisites for life itself.

 

[holyreyes]

Bernie Sanders wants to create a socialist state in America. I would not listen to his advice. He is proposing what Our Lady of Fatima warned about.

Please do tell what OUR LADY OF FATIMA warned about that has something to do with a socialist state?

Donald Trump is proposing something that is evil, CAPITALISM and the worship of Mammon, where everything and everyone is objectified to be Capitalized on…

 

[holyreyes]

While I share in their concern for those issues, one must be alive in order to enjoy the benefits of economic, education and healthcare programs and of changes in immigration, environmental or incarceration programs. They are very important, but I tend to associate them with quality of life, rather than as prerequisites for life itself.

There aren’t pro-life or pro birth progressive Democrats enough to push this issue to transform Sanders politics. His wife is Catholic and how I wish she’d be more influencial on this issue.

 

[anon67074017]

Please do tell what OUR LADY OF FATIMA warned about that has something to do with a socialist state?

Donald Trump is proposing something that is evil, CAPITALISM and the worship of Mammon, where everything and everyone is objectified to be Capitalized on…

Our Lady of Fatima said that Russia would spread her error throughout the world. Russia was becoming socialist at the time.

 

[stinkcat_14]

Only Trump supporters are vague on what marginal rates are?

Some troubling aspects of Clinton’s tax plan are:
-Lowering the exemption from the “death tax” from the present 5million to 3.5 million. While either seems like a lot to some, there are a lot of people with estates of 3.5 million. For farmers, ranchers and small business owners, it means sale of the asset, so the family can’t have it anymore.

The family could always take out a loan to pay the estate tax. If a $5 million business could not support such a loan, then those assets really ought to be in the hands of someone more capable anyway. Personally, if given a choice between the estate tax and the income tax, I would prefer the estate tax. Taxes paid when I am dead are always less painful than taxes I pay when I am alive. I also think it is better to teach one’s kids to fish rather than give them a fish.

-Capping itemized deductions to 28%. The ability to deduct income is very important to business start-ups. Oftentimes it’s the only thing that makes it possible.

Itemized deductions are not business deductions.

-Modest increase of the tax on super-high earners is almost certainly illusory, because they always find a way to avoid it.

-It, combined with her spending plan, still produces a net deficit.

The only really comforting aspect of her spending/taxation plans are that she probably doesn’t really intend the benefit parts that compose most of the spending increases. What really needs to the thought about in all of this is who is most able to buy her. Anybody whose fortunes are going to be determined by the most likely buyer of Hillary Clinton will do well under her presidency. If your life is determined by the losers in the bidding, you’ll lose too. So, if your employer is Goldman Sachs or Walmart, or an importer of foreign oil, you’ll probably gain. If your employer is the rival of either of the first two or a domestic competitor of the middle eastern oil producers, you’ll probably lose.

I think anyone’s tax proposals are always going to be significantly changed before they are enacted. Even Reagan’s 86 tax reforms had a lot of special interest giveaways in them.

 

[Zzyzx_Road]

Bernie is pushing more globalism. In that respect, not much difference from Hillary.

90% marginal tax rate with limits on deductions to mitigate it will cause most people in that bracket to not work so hard. Why work hard for that extra $10k if I’m only going to keep $1k? Worse yet, the top marginal rate in California is already 13.3%. So a Californian who finds himself in the 90% tax bracket will end up paying 103.3% of each additional dollar of income in taxes. That will go over real well, can we say hello to capital flight?

 

[holyreyes]

Our Lady of Fatima said that Russia would spread her error throughout the world. Russia was becoming socialist at the time.

Russia’s error is not so much on its adaptation style of governance but what THE LADY OF FATIMA was insinuating was Russia’s adoption of ATHEISM. Sanders Socialism is far from being atheistic. His political views is rooted from,“DO UNTO OTHERS AS YOU WOULD HAVE THEM DO UNTO YOU.”

 

[anon67074017]

Russia’s error is not so much on its adaptation style of governance but what THE LADY OF FATIMA was insinuating was Russia’s adoption of ATHEISM. Sanders Socialism is far from being atheistic. His political views is rooted from,“DO UNTO OTHERS AS YOU WOULD HAVE THEM DO UNTO YOU.”

Bernie Sanders’ socialism is still secular and materialistic.

 

[holyreyes]

Bernie Sanders’ socialism is still secular and materialistic.

I think you can say that to all countries’ form of government and IMHO USA would become even more secular and materialistic if Trump is elected.

 

[stinkcat_14]

I think you can say that to all countries’ form of government and IMHO USA would become even more secular and materialistic if Trump is elected.

Secular and materialistic is not necessarily bad by itself.

 

[Dwyer]

He’ll go back to the Senate room floor / Aye and he won’t bother us no more.

 

[Inisfallen]

Bernie Sanders wants to create a socialist state in America. I would not listen to his advice. He is proposing what Our Lady of Fatima warned about.

Oh, please. We’re all a little too quick to throw the word “socialism” around (Sen. Sanders is too, unfortunately).

He’s not advocating nationalizing industries, or the dictatorship of the proletariat, or anything like that.

He is advocating a more progressive tax code, and single-payer national health insurance (not health care), and free or inexpensive higher education at public colleges and universities, and sensible regulation of the financial industry.

All of which are things that are done routinely in every other developed nation in the world, and all things that make eminent sense, things that we desperately need.

It would be more accurate to describe him as a social democrat than a socialist.

 

[anon67074017]

Oh, please. We’re all a little too quick to throw the word “socialism” around (Sen. Sanders is too, unfortunately).

He’s not advocating nationalizing industries, or the dictatorship of the proletariat, or anything like that.

He is advocating a more progressive tax code, and single-payer national health insurance (not health care), and free or inexpensive higher education at public colleges and universities, and sensible regulation of the financial industry.

All of which are things that are done routinely in every other developed nation in the world, and all things that make eminent sense, things that we desperately need.

It would be more accurate to describe him as a social democrat than a socialist.

A social democrat is a socialist.

 

[Sy_Noe]

Please do tell what OUR LADY OF FATIMA warned about that has something to do with a socialist state?

Donald Trump is proposing something that is evil, CAPITALISM and the worship of Mammon, where everything and everyone is objectified to be Capitalized on…

He also says he likes waterboarding a lot but doesn’t think it’s tough enough. Something tougher? Torture is an intrinsic evil.

 

[Sy_Noe]

Oh, please. We’re all a little too quick to throw the word “socialism” around (Sen. Sanders is too, unfortunately).

He’s not advocating nationalizing industries, or the dictatorship of the proletariat, or anything like that.

He is advocating a more progressive tax code, and single-payer national health insurance (not health care), and free or inexpensive higher education at public colleges and universities, and sensible regulation of the financial industry.

All of which are things that are done routinely in every other developed nation in the world, and all things that make eminent sense, things that we desperately need.

It would be more accurate to describe him as a social democrat than a socialist.

Exactly.