"Socialism is a philosophy of failure: the creed of ignorance, & the gospel of envy, its inherent virtue is the equal sharing of miseries." Winston Churchill – speech in the House of Commons (October 22, 1945)
"I don't understand how anybody with an IQ above plant life would support Sanders' socialist ideas." Mike Huckabee speaking @ a presidential debate
click on photo to enlargeThe fact that Democrat Socialist Bernie Sanders has a large following is one thing – the fact that so many of those followers have no idea what Bernie's socialist policies mean is another.
Sanders beat Hillary last night in New Hampshire 60.8% to 38% (15 delegates to 9) after effectively tying the front runner last week in Iowa where he won the votes of caucus goers under age 30 by a margin of 84% to 14%.
Sanders strong performance in the first two electoral contests is grounded in the under 30 voters not knowing what socialism is – they have no direct experience with socialism & in getting a poor education in government schools they never learned about its miseries. Couple this with BO purposely wrecking much of America's free enterprise system during their lifetimes & it is not hard to understand that millenials do not know capitalism's benefits including its relationship with liberty. Accordingly, the emergence of socialist Sanders promising free college for all, universal single payer healthcare, a mandated minimum living wage, & expanded family & medical leave being attractive to these uninformed people is not far fetched.
This phenomenon is really not new – in 1996 Professor Friedman said
"We're more than 50% socialist. And I don't think we're getting our money's worth." In Europe, 20% of the working age population depend on various government benefits as their sole or main income. In America this figure is 13% for sole or main income but rises to 70% of American households who already depend on the federal government for a benefit of some sort so Sanders is right in vogue with the current mindset of most Americans.
Click here to see some of the latest examples showing Sanders's supporters having absolutely no idea what they're doing - including not knowing that part of Bernie's MoveOn.org's financial support comes from billionaire George Soros. These people may not be stupid but they sure haven't figured out that they have not yet accomplished anything in life. They have no inclination to create wealth or improve society. In short Sanders supporters are lost souls.
Thanks to the Tax Foundation for working with the Sanders' campaign to provide the following analysis regarding Sanders' tax plan that is required to produce the revenue to fund Bernie's socialist policies. As you study the tax rates below please realize that Scott Hodge, President of the Tax Foundation, calculated that in order to bring every family in America to average requires the people in the top two quintiles to pay higher taxes than they currently do with people in the top quintile paying the vast majority of an additional $2.4 trillion per year in federal taxes or 74% of their income.
The Sanders plan:
1. Adds marginal income tax brackets of 37%, 43%, 48%, and 52% to the existing income tax system & then increases all marginal income tax rates with a 2.2 percent broad-based income tax. (Limits the value of additional itemized deductions to 28 percent for households with income over $250,000.)
2. Creates a new 6.2 percent employer-side payroll tax (i.e., health care premium paid by employers) on all wages and salaries.
3. Creates a 0.2 percent employer-side payroll tax and 0.2 percent employee-side payroll tax, to fund a new family and medical leave trust fund.
4. Applies the 6.2% Social Security payroll tax - paid by employers and employees - to earnings over $250,000, a threshold which is not indexed for wage inflation. (The tax is currently applied only to the first $118,500 of wages.)
click on graphic to enlargeThe Sanders tax plan adds a 6.2 percent tax on investment income above $250,000 (when coupled with the current ObamaCare 3.8% tax on investment income brings the investment income tax to 10% plus the income tax rate on all investment income above incomes over $250,000 per year resulting in capital gains taxes as high as 64.2%.)
click on graphic to enlarge
RTE Feb 11
ReplyDeleteDoug
Unfortunately, majority of Bernie supporters would still support him even if they cared to, or have capacity to, comprehend his tax plan. Too many of his supporters are dependent on income redistribution to themselves. To stop and think of the ramifications to the US economy of Bernie's tax plan, is way too much to expect from them. And Hillary or her replacement if she continues to stumble or be indicted (ex Elizabeth Warren) would support tax plans not too different from Bernie. All is not lost however. The GOP nominee can win over majority of independents with clear concise refutation of these socialist tax plans and win the election, but only if the nominee is most successful in communicating.
This country is doomed when all the college students who are sooooooo educated support Sanders because he's the "only one" who addresses their plight (which would be, in plain English, astronomical debt incurred to obtain worthless "college degrees" in garbage like "womyns studies and gender politics" ....the other half of their plight - "the world owes me a living, not the other way round" and "it's not my fault, it takes a village" )
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