Bernie Sanders Will Transfer 1%-ers' Wealth Back to Us
Transferring that wealth back to the rest of us, involves the government taking it from the rich, then giving it back to us in the form of all the stuff they already give out plus what Bernie promises to give us.
So what if you took more than 90%? What if you took everything from the rich? Not just 100% taxes on the wealthy, but take their salaries, and 100% of corporations' profits! Why not? That's only fair payback and reparations, don't you think? Would it pay for just the government we have now, and maybe also for all the transferred-back wealth Bernie wants to give us?
Watch and see how it does!
$3.6 trillion was spent by the Obama Administration in 2011. Five years ago. "That was $1000 billion more than we took in."
If you or I ran our household budget like that, we'd be on the street in less than a year, living out of any car we'd be lucky enough to have paid off by then.
- $2,600,000,000,000 revenue
$1,000,000,000,000 shortfall we owe
Sanders, 1%-er's Michael Moore and Hillary Clinton, and now even Chelsea Clinton, are cut from the same socialist, class-warfare-instigating cloth. Don't take my word for it: take Irving Fisher's, who is considered "among the most, of not the most, influential, economics professor (Yale) in the first half of the 20th Century:"
"...the great fact remains that the socialist group derives its real strength from class antagonism.”Now, Bernie Sanders wants to tax 1%-ers (those making over $400,000) less than 90%, but likely more than 50%, for the top marginal rate, and has said it definitely "will be a damned lot higher than it is right now." From what I can find, he hasn't really nailed this down yet.
Sanders also wants a higher payroll tax which equates to "the equivalent of $72.04 per year for the average worker" from all of your paychecks and mine. That's a few less Christmas presents stripped out of my budget each year, how about you?
But it will never be enough, will it? Sanders or Hillary could take every last penny from the corporations and the 1%-ers, and it might buy us one single year of current government spending, as shown by Bill Whittle's visual depiction of IowaHawk's budget summary.
But then, the NFL, the MLB, the NBA, Hollywood, all would fall apart and have nothing to live on themselves except government handouts. No corporations would be able to provide any jobs at all. No managers or executives would be able to be paid to run them.
Then where would we miraculously transfer all the wealth from, to keep paying for the government to stay open?
As the Forbes article noted, "In reality, very high marginal rates are counterproductive and the grownups in the Sanders campaign probably know that. The 90% rate is the Sanders equivalent to the wall on the Mexican border that Trump is promising or Carly Fiorina’s three-page tax code or Ted Cruz’s plan to close the IRS and post all its agents on the border."
Evidently, 100% wouldn't cut it either.