#Election2016: @BernieSanders Will Raise #Taxes On All Americans

Senator Bernie Sanders, “hero” of the middle class and “champion” of the workers, wants to raise taxes on everyone. I am not joking:

Sen. Bernie Sanders (I., Vt.) told George Stephanopoulos on Sunday’s This Week that he would raise taxes on all Americans to pay for the social programs he hope to implement if elected president. …

Billionaires are not the only ones Sanders wants to increase the tax burden on, he also suggested that in order to pay for paid family and medical leave, all Americans would have to pay more to the government in the form of an increased payroll tax. …

Stephanopoulos got Sanders to admit that an increased payroll tax “would hit everybody.”

Wait, why would he have to raise taxes on everyone? I thought he would just Eat The Rich and be done with it? Ed Morrissey breaks down the problem facing Senator Bernie Sanders:

(Senator Bernie) Sanders used the (#DemDebate) to roll out an agenda that would demand mandates for a laundry list of progressive and far-Left goals, including free public university access, forcing employers to provide paid family leave, replace the US health care market with universal Medicare, and expand Social Security benefits rather than reform the failing entitlement programs. …

Last month, The Wall Street Journal priced out Sanders’ agenda and found that it would require “at least $18 trillion in new spending over a decade,” an amount that surpasses the current total national debt of the United States. Nationalizing the US health industry into Medicare will cost $15 trillion, according to Laura Meckler, and Sanders’ expansion of Social Security will cost another $1.2 trillion.

Yikes! What a mess! We had wonder how Senator Bernie “Democratic Socialist” Sanders would pay for $18 Trillion in new government spending, and now we know.

I, and many others, have talked before how the idea of “Eat The Rich” is a flawed populist message. Even The Rich don’t have enough money. It would seem even Senator Bernie Sanders has to bend to reality every once in a while.

Oh, he’ll try to spin it in some way or walk this back. But Senator Bernie Sanders really can’t. Now that he has said it on TV, anyone and everyone will use his words against him. Feel the burn and turn him over, for Senator Bernie Sanders is done.

Well, see ya’ later!

Written by BigGator5 in: Politics | Tags: , , , ,

#Election2016: #EatTheRich And Defining #TrumpCare Before They Do

If there is ever a chance for conservatives to defeat ‘The Don’ and send him away forever, here it is. ‘The Don’ just outted himself as a “big government” progressive Republican. On his newest populist nonsense pitch, ‘The Don’ wants to eat the rich:

Scott Pelley: Who are you going to raise taxes on?

Donald Trump: If you look at actually raise, some very wealthy are going to be raised. Some people that are getting unfair deductions are going to be raised. But overall it’s going to be a tremendous incentive to grow the economy and we’re going to take in the same or more money. And I think we’re going to have something that’s going to be spectacular.

Scott Pelley: But Republicans don’t raise taxes.

Donald Trump: Well, we’re not raising taxes.

To paraphrase Megan McArdle: An AADHD day trader with a cocaine habit has considerably more consistency than ‘The Don’ here. The man likely doesn’t have “consistency” in his personal vocabulary.

This is nonsense on sticks. ‘The Don’ wants to lower taxes on the middle class and then instead of offering a spending cut to go along with that, he wants to raise taxes on the rich. Basically he wants to “Eat The Rich” to push a tax cut on the middle class. That is populism and you know how much I hate populism.

Bill Whittle made a video on how bad of it of an idea “Eat The Rich” was and still is:

Amity Shlaes wrote in Bloomberg in 2013 about effective rates:

Official rates matter, but so do effective rates, the percent of income that people actually pay in tax. The Internal Revenue Service reckoned that the effective rate of tax in 1954 for top earners was actually 70 percent.

Or lower. Marc Linder, a law professor at the University of Iowa, has shown that a more comprehensive interpretation of income that includes capital gains suggests the real effective tax rate for millionaires was 49 percent in 1953. The effective rate dropped throughout the decade, reaching 31 percent by 1960. That 31 percent is just slightly higher than the 29 percent level a Congressional Budget Office report figures the average effective tax for the top quintile will be in 2014. And that number for 2014 doesn’t include taxes in Obama’s health-care law.

A second fantasy about the 1950s is that government soaked the rich. Joseph Thorndike and Martin Sullivan in Tax Notes magazine took a look at the tax distribution of the decade. They found that those earning more than $100,000 paid less than 5 percent of the taxes collected in the U.S., a far smaller share than the wealthiest shoulder today.

We really don’t have to tax the rich more or less. What we need to do is get out of big and small business’s way to create jobs. Deregulation is the key, not higher or even lower government!

Oh yeah, almost forgot. Speaking of ObamaCare, ‘The Don’ wants to relabel ObamaCare and wants to start his own TrumpCare. I am not joking. Here is Gabriel Malor ripping TrumpCare apart:

According to Trump, uninsured people are going to get coverage because he’s going to “make a deal with existing hospitals” and “the government’s gonna pay for it.” There’s a word for this exact proposal: Medicaid. Trump probably doesn’t know this, but Medicaid expansion was a huge part of ObamaCare. The “deal with existing hospitals” is so unfavorable for doctors and hospitals that many of them do not accept Medicaid patients because it would put them out of business. Does Trump know this? Meh, he doesn’t care.

But that’s just the uninsured. Trump goes on to say that “for the most part,” his plan will be “a private plan and people are going to be able to go out and negotiate great plans with lots of different competition.” If this idea also sounds strangely familiar, it is because this too is already part of our healthcare framework. Trump described the ObamaCare exchanges just like Obama did, as increasing competition in the private insurance markets by providing lots of options.

So TrumpCare is just ObamaCare rebranded. We must now define TrumpCare before he or his batshit crazy supporters (ie: Ann Coulter and Breitbart.com) define it. It is everything we have been fighting against. It is big government and it is a further intrusion.

Well, see ya’ later!


#EatTheRich Alert: @matthewwalther Has Lost His Damn Mind

He doesn’t want to defund Plan Parenthood. He doesn’t want to reform Social Security, Medicaid/Medicare, or any other entitlements. When asked about the debt, he started talking China trade (lolwut?) for reasons.

Now he wants to …Increase Taxes?

But this election cycle, the Republican presidential candidate who currently leads in most polls is taking a different approach, and it is jangling the nerves of some of the party’s most traditional supporters. …

In recent weeks, Mr. Trump has threatened to impose tariffs on American companies that put their factories in other countries. He has suggested he would increase taxes on the compensation of hedge fund managers. And he has vowed to change laws that allow American companies to benefit from cheaper tax rates by using mergers to base their operations outside the United States. …

“All of those are anti-growth policies,” said David McIntosh, the president of the Club for Growth, a group that Republican candidates routinely court. “Yes he’s a businessman, but if those are the policies he implements, they’ll drive the economy into the ground and we’ll see huge drops in G.D.P., and frankly I think it would lead to massive loss of jobs.” …

Mr. Trump’s ideas are not new. The Obama Treasury Department supports a detailed overhaul of the corporate tax code that involves taxing hedge fund and private equity compensation as ordinary income and sweeping changes to the way American corporations are taxed overseas.

Well, there you have it. The Troll wants to start Obama’s third term and he’s leading in the GOP polls. Fantastic.

Matthew Walther over at the Washington Free Beacon, doesn’t have a problem with The Troll’s liberal populism. He wrote an article “10 Things That Make Me Okay With Donald Trump’s Plan to Soak the Rich” that will leave you feeling dirty inside:

A lot of people are upset with Donald Trump because he doesn’t believe that lower taxes are the be-all end-all of human flourishing. What he seems to think instead is that upper middle-class white liberals can probably afford to pay just a wee bit more every April.

The Troll said no such thing. I want video proof that he said “upper middle-class white liberals” should pay more.

But okay. Maybe Matthew here is thinking of “10 Things” liberals should be paying for that government is doing-

I agree that they have too much extra cash on their hands. … Some appetites are intrinsically disordered, and it is the proper role of the state to rein them in.

…I …WHAT?!

That’s right. Matthew Walther wants to eat the rich, because he doesn’t like what they buy with their OWN MONEY!

Let that sink in. Matthew’s “10 Things” has nothing to do with government. It has nothing to do with monetary or economic policy. Matthew is, however, envious. He thinks the rich are spending their own money on dumb stuff (which they have every right to do so) and wants to take it from them using the power of the state. What Matthew wants here is tyranny, not sound monetary or economic policy.

Matthew Walther has lost his damn mind (if he ever was conservative/libertarian to begin with). The Free Beacon has lost their damn mind for publishing this nonsense. And the GOP has lost their damn mind if the choose The Troll as their nominee.

Well, see ya’ later!

Written by BigGator5 in: Politics | Tags: , , , ,

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