I didn’t even consider 5% wealth tax. That’s just loltastically dumb. Countries that have tried significantly lower rates literally watched their rich people leave, taking quite a bit of employment with them by the way, and ended up ditching the wealth tax. Even the countries still with wealth tax are mostly getting wealth tax revenues from immovable stuff like real estate.

One of the most well known and unintended side effect of wealth tax is entrenching the existing wealth by the way is entrenching existing wealth. Wealth tax is not the only culprit but it’s effect is most visible. Sweden axed its wealth tax because it’s own citizens we’re bailing out just as they are starting to be impacted by it. An unintended effect of this is Sweden’s super rich class is much more hereditary on average than other OECD countries. Another is there is a gap in the upper middle income rungs of the ladder and entrepreneurial class.

Speaking of Green New Deal:

How stupid do they really think their audience is?

Also, most of these line items ultimately come back to making Joe and Jane Lunchpail pay more for goods and services. Here's hoping those 20 million new jobs are more tangible than the hope and change Obama promised, or Trump's Mexico-funded wall.

It's a fair question en general but especially considering bernie is a champion of the $15 minimum wage yet he had a work around to avoid paying his campaign staff. Fascinating stuff but also a window in to how inefficient people/the government are with budgeting other peoples money

This is kind of funny and related. Champion of unionization....

https://www.huffingtonpost.ca/entry/...a32?ri18n=true

Mark Cuban has some really interesting ideas for health care that blend public and private sectors in a way that looks to cover everyone but maximize efficiency. I know people like bernie love to point to a place like canada but it's not all roses here either. You can got to your dr with an issue, then its weeks or months to see the specialist you're refereed to, then its months to get a MRI for example. Then you wait to see the specialist for results. If you need surgery, something like a "non emergency" heart surgery could be 18 months wait. Imagine wrecking your knee out on the ski slopes. What could be sorted in weeks and then headed for recovery will drag on for eternity. The fact that it's free and everyone is covered is nice but it's kind of a mess also

The economy is dangerously close to overdosing on stimulus. This is inflating asset prices far greater than wage growth. Its creating massive inequality. The economy is already on shaky ground and reckless policy is global. Just a loss of confidence could trigger a global economic meltdown. If bernie got elected there would be instantaneous economic panic and crisis imo. It may happen regardless but there's a chance that they keep this thing in the air, dump the fuel, skid through a field, and scramble from the wreckage. If bernie gets elected the economy just plows straight in to a mountainside imo

its classic bernie bro logic

hurr durr: amazon is amazing and efficient, I just had xyz delivered to my door and/or office at a discount

hurr durr: amazon doesn't pay enough taxes and is evil

amazon lost money for like a decade. They were funded and developed through finance and speculation. That's not very unique, thats kind of how things work. Instead of the gratitude and amazement of what bezos and amazon have accomplished, they are overwhelmed with resentment.

Amazon is the poster child for everyone winning when efficiency is increased. Global advancement in efficiency and tech have grown rapidly to the point where global poverty is being decimated at a rate surpassing the optimists forecast. The people living in extreme poverty has been cut in half. The starving kids in africa you see on tv with beer bellies are most likely the consequence of socialism. That is the primary cause of starvation. True story.

The bernie bros are just amazing. they hold every symbol of prosperity in contempt. they look for a nugget of gold in a pile of genocide bodies. I recently asked the bernie bros here to explain what tax brackets they would create and how much and how would they collect money from bezos etc. The answer was classic bernie broism... although i follow you around the site commenting on your posts all the time, i'm not answering your question because you are a bigot. lol ok "bro"

Dec 12, 2019 - WASHINGTON (Reuters) - Rising real estate prices helped drive U.S. household wealth to $113.8 trillion in the July through October period,

So all goes to plan we should have no problem whittling that down to $60T by 2035. Maybe even sooner. I bet if we really wanted, we could could cut our wealth in half within 10 years, easy.

Oh come on, you're normally a decent poster. This sort of low effort trolling is beneath you.

The benefit of the US is rich people don't other places to really go. Anywhere that speaks English is going to have higher taxes and you'll be doing business half way around the world. When you have an advantage you should press it.

Seems perfectly fine, making the rich pay more for goods and services in order to climate change is a good idea.

This is just wrong. UK is a popular destination for people that renounced their US citizenship. So is Malta (and quite a few other tiny EU members who pretty much auction off citizenship quotas that they negotiated with EU)

Yea that's what I said. If they want to live half way across the world not a few hundred miles away like it'd be if you changed citizenship in the EU

amazing bernie has literally said "well figure it out"


I just dont get it

What's wrong with that? Can America not afford Medicare for All? Of course it can. Do people really care about the intricacies of the budget? No they don't. If you think that the whole payment question is a way to say your against something without actually saying why, Bernie is wise not to go down that rabbit hole and instead focus on building the moral support.

https://thehill.com/blogs/congress-b...ll-saves-money

Malta and UK citizens openly live in the US for extended periods regularly.

Can't pay for health care when you're spending almost $10 trillion on bombs the last 50 years

hes had 10 years to figure it out, if you cant really have, not even a concrete ,but a real solid say of making sure theres a plan in place. thats what you do.

Joe Bidens plan is astronomically high as well but he has more of an idea of how we go to get there.

Biden's plan has the exact same possibility of passing as Sanders and Sanders plan is much more simple and comprehensive

Bernie hasn't got a clue. He just throws these wild plans out there, hoping he can work out the details later. Oh, we'll just tax the hell out of the rich, tax the evil corporations. It's all empty talking points.

Taxing the rich to pay for things seems like a good plan! And is popular!

Meet the new boss, same as the old boss.

I'm sure they do. I'm sure there would be some reason to find ways to deny visas to the ones that changed citizenship.

If the point is that billionaires find it to easy to avoid a tax then just make it harder for them, we do that for everyone else.

These people (anti-M4A/how you gonna pay for it crowd) are the definition of "anti-American". They think we're incompetent ****s who cant do what the rest of the developed world does - deliver high quality healthcare to everyone regardless of income.

What ever happened to "American exceptionalism"?

Yeah "How are you going to pay for it?" is a troll. So you answer it by saying you pay for it the same way the government pays for everything you support and never once bothered to ask how it would be paid for, and then you tell them to ****ing google it and not to bother you with this **** because you're just a normal human and don't have the federal budget and tax code memorized. Then you ask them how they would pay for medicare for all if they were president and had to figure it out. What's a better way of how to pay for it than what Bernie's proposing?

You underestimate how mobile modern wealth is. In case you didn't know, Canada is already a popular destination for wealthy ex-Americans whose income is primarily capital gains.

Canada and UK obviously aren't the lowest tax jurisdictions available. People pick (this is now, not future) Canada and UK because they believe Canada and UK offer similar lifestyles and legal protections of their persons that US offers.

And yeah, they both speak primarily English.

Also, it's way more difficult to change these things than you might expect. A lot of what would be required to "make it harder for them" requires significant changes to long standing tax treaties, many of which were just renegoitated recently essentially to rein in the double irish/Lux structures that helped Apple/Google/Facebook offshore income to Ireland.

Medicare and Medicaid already provides coverage for about 1/3 of the health insurance market. If we can make it work for the retired, disabled and poor, why can't we make it work for everyone?

I'm not sure I underestimate it. How mobile wealth is is a point explicitly brought up by conservative types, usually in with a bit of chutzpah because they're funded by the wealthy, in order to push for reductions in taxing the rich in order to shift taxation to the poor, are who, again explicitly, said to be less mobile and hence easier to force to be taxed. Always seemed to grind my gears in the same way some Republican is always trying to tell Democrats not to do this or that least they lose that guy who would never vote for them anyways.

You could imagine a Sanders and Warren administration taking a mod aggressive tact. Less War on Drugs, more War on Tax havens.

In any case you can easily imagine a nation state turning tyrannical with this, but you can also imagine, mostly because it's been an explicit project for the wealthy in the US, to hobble and restrict nation states while freeing transnational capital in order to turn the balance of power towards the wealthy.