The problem is that he is saying he will only tax Wall Street, but it's pretty obvious to anyone with an interest in economics, that it won't stop there.
To fund everything he wants, everyone will be taxed.
He said one time that he wants the upper tax bracket (federal) to be 56%. With state+federal+local taxes, this means your actual tax rate will be closer to 75% (just like in Norway, which is what he wants to emulate).
It's strange that so many people criticize Trump for discriminating against minorities, when Sanders is doing the same thing.
The 1% is a minority in this country and his main plat form is taking everything he possible can away from them and using them as a scapegoat for everyone's problems.
The 1% is a minority? Well then I guess so is the 49%!
Your wealth isn't a trait. You're not born wealthy, you're born into wealth. You're not stuck being wealthy, you make a choice every day to remain wealthy.
I'm always puzzled by these kinds of articles. Under the U.S. system, the president can't tax anyone. To create new taxes or raise existing ones, Congress has to enact legislation. Since many legislators on both side of the aisle get a lot of campaign contributions from the financial industry, the chance of this kind of legislation passing is small. Also, Republicans currently have a majority of both houses of Congress, so if Sanders is elected he won't have an easy time getting any of his agenda enacted.
Beyond the pure clerical duty of executing on existing laws, the President has both the right of legislative initiative and relatively unhindered communication channel with the nation (as opposed to being a Senator, Congressman or just a random activist, where it's just another voice out of many) to explain his case. The way the congressional and senatorial elections are structured, it's possible for a President with a plausible agenda to manipulate the public into electing cooperative legislators.
8 comments
[ 2.7 ms ] story [ 44.0 ms ] threadI'm not saying his death is the only possibility but certainly its one of the possibility when you are talking about billions being put on the line.
To fund everything he wants, everyone will be taxed.
He said one time that he wants the upper tax bracket (federal) to be 56%. With state+federal+local taxes, this means your actual tax rate will be closer to 75% (just like in Norway, which is what he wants to emulate).
It's strange that so many people criticize Trump for discriminating against minorities, when Sanders is doing the same thing.
The 1% is a minority in this country and his main plat form is taking everything he possible can away from them and using them as a scapegoat for everyone's problems.
I call it 'economic fascism'.
Your wealth isn't a trait. You're not born wealthy, you're born into wealth. You're not stuck being wealthy, you make a choice every day to remain wealthy.