- Joined
- Feb 9, 2012
- Messages
- 14,168
- Reaction score
- 1,484
Where's he gonna get that money from tho?
Bernie is the only decent candidate, so i'll give you that.
Well like I stated in my previous comment, the math has been done before and 170 of the best economists in the U.S. signed a document endorsing Bernie Sanders and said that his policies will be a major step to reinvigorating our economy.
But as to where the money will come from, I'll try to explain as best I can.
To start off, Universal Healthcare (guaranteed healthcare for all):
Taxes will increase for everybody on healthcare, but people will save about $5000 on the plan and pay less in general.
A hypothetical demonstration. Say you're currently paying $14,000 with a 2% tax rate for privatized healthcare. His legislation cuts the price of the healthcare to $7000 but increases the tax to 6%. You still save about half the amount that you're currently paying and it is guaranteed healthcare for all citizens.
For Free College Tuition:
The middle and lower class will not be taxed for free college tuition.
First the big banks will be broken up and investment banking will be once again prohibited as it were before Bill Clinton. Investing banking is the leading cause of the recession and an act was formed to stop investment banking after the depression to make sure that another one would not happen. Bill Clinton repealed the act and that is why our economy is in poor shape.
Right now as it stands, banks do not invest in new jobs because that is not profitable to them since 9/10 small businesses fail within the first two years. 90% of the profit banks make are just salaries for the CEO. That's billions!!!
So Bernie Sanders will first break up the banks and tax them along with Wallstreet.
To fight the major economic inequality there will be a tax on the rich with rates that can go up to 90%.
What that means is there will be a tax figure depending on the salary.
Let me make an example:
Say the tax rates for anything over a million dollars will be taxed starting at 20% and then anything over 5 million will be 60% and then 10 million is 90%.
So say you make 20 million dollars. The first million will be taxed 20% up to 5 million. Then from 5-10 million there will be a 60% tax and 10-20 million will be taxed 90%.
So making 20 million dollars does not mean the entire amount will be taxed by 90%. It is taxed in increments.
There will also be a carbon tax on oil companies such as the Koch Brothers to prevent the drilling of oil and help the environment.
Sanders will invest in solar technology and renewable energy which will create loads of jobs and obviously help the economy save thousands on gas and energy.
But this just an example of how his plan works.
The real numbers have already been done by economists and it works.
Last edited: