Bernie wants a $7.20 minimum wage

[Bo Didleysquat]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

$31,200 - $29,000 = $2,200 taxable income.

There you have it, Banana Republicans think Americans are as stupid as the Russians!

We have been this far.

 

[Maxdeath]

People can argue personal income taxes all they want but the thing everyone forgets about is how the proposed business taxes will affect the economy in general.
You can give everyone a hundred dollars an hour but if you don't have the jobs you it doesn't matter.

 

[Bo Didleysquat]

According to your article, assuming it is true because Snopes is a far left source:

BUTTIGIEG: [Sanders] was a congressman at the time. And the qualities I admired then are qualities I still respect a great deal. I never said that I agree with every part of his policy views, then or now. But I appreciate that at least he’s straightforward and honest about them. He’s honest about the fact that taxes will go up on anybody making more than $29,000 to fund his health care plan, although, again, a little bit vague about how the rest of that gets …

SANDERS: You’re not being honest. Premiums would be eliminated.

BUTTIGIEG: But you’re still raising those taxes. And when you do it…

SANDERS: But we’re saving people money because they don’t pay any premiums, out-of-pocket expenses, co-payments, or deductibles. They’re going to be much better off. [applause]

BUTTIGIEG: But where is — where is the other $25 trillion supposed to come from? At a certain point, you’ve got to do the math.

SANDERS: Well, we got it all up there on the internet. It’s a payroll tax — a payroll tax…

[crosstalk]

BUTTIGIEG: Well, no, but even after the payroll tax, you still have a hole.

[crosstalk]

SANDERS: Because we have a wealth tax. Elizabeth [Warren] has a good one. Ours is a little bit tougher on Mr. Bloomberg than hers. We’re going to raise it in a progressive way, which deals with income and wealth inequality, and makes certain, finally, that health care in this country is a human right, not a privilege.

So Sanders is going to pay for all this from the "rich"? The combined wealth of Billionaires is only $2.4 trillion and could only fund the US federal government about half a year.

Let's say that is true. That is not the claim being made. We give the super rich billions of dollars from the Fed. That should indeed be shared.

No, as the post before the economy is simply not big enough to pay for it all, which means printing more money.

Are you OK with that?

Why shouldn't I be? We do it for wars. Stop the wars and start funding health care.

When are you going to start paying for the wars?

But the issue is Sanders is not addressing this and instead pretends he can pay for it, which is an obvious lie much like Obama lying about Obamacare on how it would cost everyone less and could keep your same health plan and doctor, etc.

In fact, Progressivism is based upon lies and without them would go belly up tomorrow.

We pay for health care now. At the highest rate of any first world country. Address the costs and include everyone.

Your argument is one that goes like this........every other first world country and some third world countries can provide universal health care but the "greatest" country in the world can not.

I completely dismiss that argument.

I'm sure that in countries with free health care like Cuba and North Korea the costs are kept way down.

As are costs in every other first world country but we should also note, many have pointed out that the best cancer treatment for Rush's type of cancer was developed in Cuba.

Do you want the government to ration health care like they do in those countries or in the US in the VA with the recent scandals in Arizona where the very sick were put on fake lists of being treated when they were not?

Once you give the government power over your health care nothing is promised to you and can change on a whim.

Same possibilities for giving it to the corporations.

'Longstanding scandal': Huge insulin price hikes worse than EpiPen's, experts say

And US institutions are partnering with Cuba on cancer research. Our version of capitalism leverages healthcare as an instrument of sharecropping/cucking workers to an employer.

 

[Bo Didleysquat]

People can argue personal income taxes all they want but the thing everyone forgets about is how the proposed business taxes will affect the economy in general.
You can give everyone a hundred dollars an hour but if you don't have the jobs you it doesn't matter.

Same for not paying workers a living wage when they have jobs.

The Productivity–Pay Gap

Link takes the data out to 2018. Revisit The Powell Memorandum and the Trilateral Commission publication "A Crisis of Democracy".

Half a century of utterly bipartisan societal wealth redistribution.

 

[NightFox]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

 

[Maxdeath]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

 

[Bo Didleysquat]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

 

[Bo Didleysquat]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

No one ever asks if we can "afford" to have a military presence in 70% of the nations on the planet to support 73% of the world's dictatorships.

 

[pknopp]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

However, most jurisdictions in Canada have three levels of government and each are allowed to impose their own taxes. In addition to paying Canadian federal taxes, most Canadians also pay provincial taxes in the forms of income taxes, sales taxes and municipal property taxes.

A List of Canadian Taxes

 

[Bo Didleysquat]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

However, most jurisdictions in Canada have three levels of government and each are allowed to impose their own taxes. In addition to paying Canadian federal taxes, most Canadians also pay provincial taxes in the forms of income taxes, sales taxes and municipal property taxes.

A List of Canadian Taxes

We're so blessed to be "capitalists" paying more for US pharma products than Canadians pay for US pharma products.

 

[Bo Didleysquat]

miketx:
"I read that it was only on very rich people so I don't think it's true. But I don't really know. Sounds phoney."

Well don't go do any due diligence.

 

[imawhosure]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

Now that is really precious!

Here is the real question folks------------------->what type of government action ACTUALLY drug the American economy down to start with!

Of course, if incompetent Socialism drug it down, only Socialism could right the ship! All it was for all intensive purposes, was a readjustment. They scrambled to fix it, after they screwed the pooch!

So what is the lesson?

That the pointy heads had to alter their PATH for you, because they miscalculated, and now they want to take credit for altering that which should NEVER have been in place originally.

EXAMPLE---------> I shoot you in the foot, then pick you up and carry you to the hospital for your wound. Now you are supposed to praise me because I got you to the hospital, and forget it was I who shot you in the 1st place!

Leftist logic! Go figure.

 

[NightFox]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

He's not looking at "the NORDIC country's", he's "looking" at a highly IDEALIZED version of the those countries where capitalism never happened (Capitalism in those countries is what provided all the money to fund their socialist experiments) and the recent retreat by those nations from socialism didn't happen either (after they found out that their socialist models AREN'T SUSTAINABLE).

Comparing the "NORDIC country's" to the US is an absolutely invalid comparison given the fact that those countries:

1. Have tiny homogeneous populations when compared to the U.S.
2. Have completely different institutions and systemic structure than the U.S.
3. Have different culture, traditions and societal norms that the U.S.

It's like saying the United States should be run according to the system they use in Fargo, North Dakota, in other words only an idiot would buy into that comparison (which explains why Sanders loves using it so much).

 

[Maxdeath]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

However, most jurisdictions in Canada have three levels of government and each are allowed to impose their own taxes. In addition to paying Canadian federal taxes, most Canadians also pay provincial taxes in the forms of income taxes, sales taxes and municipal property taxes.

A List of Canadian Taxes

Good! Now look at their military commitments, their foreign aid. You will see that their federal taxes are about 3% less then the U.S.
Then you look at their provisional taxes versus California. That is almost double what Quebec pays.

 

[NightFox]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

Thank you! I needed yet another dose of Senseless Sanders Sloganeering.....

Get back to me when you get done parroting absurd campaign talking points, K?

 

[Bo Didleysquat]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

Now that is really precious!

Here is the real question folks------------------->what type of government action ACTUALLY drug the American economy down to start with!

Of course, if incompetent Socialism drug it down, only Socialism could right the ship! All it was for all intensive purposes, was a readjustment. They scrambled to fix it, after they screwed thttps://www.epi.org/productivity-pay-gap/he pooch!

So what is the lesson?

That the pointy heads had to alter their PATH for you, because they miscalculated, and now they want to take credit for altering that which should NEVER have been in place originally.

EXAMPLE---------> I shoot you in the foot, then pick you up and carry you to the hospital for your wound. Now you are supposed to praise me because I got you to the hospital, and forget it was I who shot you in the 1st place!

Leftist logic! Go figure.

The Productivity–Pay Gap

Link takes the data out to 2018. Feel free to point out where the "left" and "right" were opposing each other.

Half a century of wealth redistribution just like The Powell Memorandum called for.

 

[Bo Didleysquat]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

Thank you! I needed yet another dose of Senseless Sanders Sloganeering.....

Get back to me when you get done parroting absurd campaign talking points, K?

Some of us were around for 2007-08.

 

[Bo Didleysquat]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

However, most jurisdictions in Canada have three levels of government and each are allowed to impose their own taxes. In addition to paying Canadian federal taxes, most Canadians also pay provincial taxes in the forms of income taxes, sales taxes and municipal property taxes.

A List of Canadian Taxes

Good! Now look at their military commitments, their foreign aid. You will see that their federal taxes are about 3% less then the U.S.
Then you look at their provisional taxes versus California. That is almost double what Quebec pays.

The folly of empire is expensive isn't it.

 

[imawhosure]

But won't tell his brain dead supporters how.

So let me help.

Bernie wants a mandatory minimum wage of $15/hour

Ok, sounds great right?!

$15 x 40 hours/week = $600

$600 x 52 weeks per year = $31,200

Bernie wants free health care for all and was asked how he would pay for it, to which he said he would raise taxes 52% on everyone making over $29,000/year.

52% of 31,200 = $16,224 in tax

$31,200 - $16224 = $14,976 in pay per year

$14,976 divided by 52 weeks = $288 per week

$288 divided by 40 hours = $7.20 per hour

So there you have it. Bernie wants to reduce the minimum wage down to $7.20 per hour.

Unfortunately, most Americans can't do math. All they do know is, Orange Man is bad.

That's not how you would calculate the amount of impact a tax increase of 52% on someone making over $29,000.....

First off to calculate what an increase of 52% would be in actual percentage terms would mean you need to know that persons current effective tax rate, for the sake of keeping it simple let's say that someone making $31,200 per year has a current effective income tax rate of 10% an increase of 52% to that would mean an increase to 15.2%, which means that:

instead of having a $3,120 federal tax bill , they'd have a bill of $4,742.4, or a increase of $1,622.4 per year, which works out to $1,622.4/(40 * 52 hours) = $0.78 per hour

Of course there would be all sorts of variance from the above depending on deductions, marital status, etc..

The real key is to look at the BERNARD supposed model...…..the NORDIC country's. I am not choosing them, HE DID!

Lower wage earners pay through the nose, and that is before the 25% vat tax is included, which brings it up to astronomical.

BERNARD can play his game, but when you take HIS model, the poor people n longer get money for free, they paying outlandishly.

They can decide, and I have no problem with that, as long as they understand the REAL difference.

The thing that everyone that points at most of the countries that have single payer healthcare is they seem to forget that they don't have state taxes. If you take into account federal, state and city taxes there is no extra to help fund single payer.

However, most jurisdictions in Canada have three levels of government and each are allowed to impose their own taxes. In addition to paying Canadian federal taxes, most Canadians also pay provincial taxes in the forms of income taxes, sales taxes and municipal property taxes.

A List of Canadian Taxes

Good! Now look at their military commitments, their foreign aid. You will see that their federal taxes are about 3% less then the U.S.
Then you look at their provisional taxes versus California. That is almost double what Quebec pays.

You know, it had to be at least a little easier for Obama since he left our arm forces bare, and was able to give the Leftists everything he could pay for.

Trump comes in, has to rebuild at the very least part of our military that Obama ignored, and he has it all wrong.

GOPers and Democrats MUST realize--------------->no matter how good it is when whomever is in power there at the time, that unless we keep our country safe, everything is useless.

Now, we can argue about the size of our military budget, and nobody should have a problem with that. But when you protect Europe, when you protect South Korea, when you protect North America, and when you protect Israel, your budget better be robust; especially after you throw in Saudi Arabia, and a host of others.

I personally do not like the set up, but right now, it is what it is! And I do not see ANY of the Democratic candidates going against this doctrine publicly, so they must like it too.

 

[NightFox]

Here's Bernie's calculator. Bernie's tax plan

In my case the cost goes up $1500 annually. That's just the beginning, they'd soon find they're operating in the red.

The cost is progressive, so the more you make the more the effect. I guy earning a million goes upside down over 90K.

Bernie's plan would bury us, it's a pipe-dream.

Actually no, if you believe his numbers (which I do NOT) it's doable from a simple cost versus revenue standpoint ( https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file )....

That being said, his plan assumes that the economy operates in a vacuum and that dramatically altering the tax code to include all his revenue generating proposals wouldn't negatively impact GDP which is something only a complete moron or a wild-eyed, delusional socialist would believe.

He also doesn't take into account the consumption pattern effects of further decoupling the consumer from the costs of consumption, nor the increased demand of adding more people to the ranks of insured. Nor does he account for displacing approximate 1.8 Million private insurance workers.

He might as well promise that he's going to implement this farcical plan using sorcery and fairy dust because that would be more believable than what he's published, of course if Sanders ever gets his way it'll be too late to reverse everything once the economy implodes from all the unintended consequences, he'll just use such an implosion as a justification for EVEN MORE SOCIALISM, which is probably his intent.

We have all kinds of socialism in America, we bailed out capitalism with socialism again in 2007-08. It's just that in America socialism is reserved for the aristocracy.

Thank you! I needed yet another dose of Senseless Sanders Sloganeering.....

Get back to me when you get done parroting absurd campaign talking points, K?

Some of us were around for 2007-08.

That's nice, it's too bad that "some of us" didn't learn the difference between socialism and crony capitalism , else "some of us" might understand how idiotic and devoid of reason those Sanders stump speeches really are.

I'd have more respect for the Bernie faithful if instead of parroting all the nonsense that comes out of Bernie's mouth they claimed a belief in Unicorns and Santa Claus, because those two things are more plausible than the economic fantasies that Sanders espouses.