Bernie wants a $7.20 minimum wage

[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.

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.

Don't be silly, Santa Claus doesn't visit the rabble. The more skirts Bernie blows upward the better. Cackle and howl all ya like.

 

[AntonToo]

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.

You obviously have ZERO clue about how taxation works...and then you top it off with a thick layer of irony by talking about most people supposedly not being able to know something.

Here, start your education by looking up how taxation brackets work.

Tax Brackets Determine How Much You Owe

 

[BlindBoo]

You know, it had to be at least a little easier for Obama since he left our arm forces bare

Trump comes in, has to rebuild at the very least part of our military

False campaign narrative.

 

[g5000]

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.

You are the second retard today I have seen quote that bullshit. You parroting rubes really do live in an echo chamber.

So, dumbshit, allow me to enlighten you. Bernie Sanders did not say he would tax incomes over $29,000 at 52 percent. He said he would tax incomes over TEN MILLION DOLLARS at 52 percent.


I am willing to bet you will still continue to listen, bleev, and parrot the fucking propagandists who told you that lie. Because that's what you piss drinking tards do. You get dumber by the day.

But won't tell his brain dead supporters how.

 

[g5000]

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.

https://www.sanders.senate.gov/download/options-to-finance-medicare-for-all?inline=file

Progressive income tax rates. Under this plan the marginal income tax rate would be:

§ 40 percent on income between $250,000 and $500,000.

§ 45 percent on income between $500,000 and $2 million.

§ 50 percent on income between $2 million and $10 million. (In 2014, only 136,000 households, the top 0.1 percent of taxpayers, had income between $2 million and $10 million.)

§ 52 percent on income above $10 million. (In 2014, only 16,700 households, just 0.02 percent of taxpayers, had income exceeding $10 million.)

 

[g5000]

So easily duped you are.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

The thing is, you knew this had been debunked but still felt like you have to post it.

But lets argue it was true. It's a heck of a deal. Minimum wage now is $7.25. So in this scenario people would get $7.20 but also get health care. That's a really good deal.

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.

Sanders and The Democrats are out to Bankrupt America.

You cannot extract $200 Trillion of Government Spending out of just a $20 Trillion Economy.

Apples and oranges. You can't compare 10 or more years of spending to a single year of GDP, idiot.

 

[imawhosure]

You know, it had to be at least a little easier for Obama since he left our arm forces bare

Trump comes in, has to rebuild at the very least part of our military

False campaign narrative.

How am I being deceptive?

Is it not true under that congress, that any cut to social spending had to be matched by the same amount of defense spending?

And WHO signed it? Was it GW, or Obama?

 

[ElmerMudd]

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.

The orange man has noted the largest increase in wages is with low income workers. Trump takes credit for that. But the largest driver is the number of cities that have implemented a $15 minimum wage.
With that said it is crazy to have the same minimum wage for the entire country. The difference in the cost of living with different cities and towns is substantial. That needs to be taken into consideration.
If Bernie is elected he will never be able to get his crazy policies put through.

 

[Mac1958]

It really is a shame, how many people will simply and completely swallow any internet meme that crosses their path just because it fits their worldview.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

Actually, it's far more than a shame. It's dangerous.
.

 

[g5000]

It really is a shame, how many people will simply and completely swallow any internet meme that crosses their path just because it fits their worldview.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

Actually, it's far more than a shame. It's dangerous.
.

Their propagandists absolutely depend on their willful stupidity.

 

[Mac1958]

It really is a shame, how many people will simply and completely swallow any internet meme that crosses their path just because it fits their worldview. Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000? Actually, it's far more than a shame. It's dangerous.

Their propagandists absolutely depend on their willful stupidity.

The model is set in stone, because it works. These people will buy pretty much anything.
.

 

[pknopp]

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.

Forget What the GOP Says. Obama Loves Big Military Budgets.

When are you going to step up and start paying for this?

 

[BlindBoo]

You know, it had to be at least a little easier for Obama since he left our arm forces bare

Trump comes in, has to rebuild at the very least part of our military

False campaign narrative.

How am I being deceptive?

Is it not true under that congress, that any cut to social spending had to be matched by the same amount of defense spending?

And WHO signed it? Was it GW, or Obama?

Sequestration refers to the framework for automatic, across-the-board cuts to both military and non-military spending that were originally designed to force bipartisan negotiators in Congress to strike a deal in 2011.

The bipartisan nature of the sequestration provision means that both parties merit a share of the blame.

 

[Dirk the Daring]

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).

Sweden btw is more economically free than the United States.

 

[imawhosure]

You know, it had to be at least a little easier for Obama since he left our arm forces bare

Trump comes in, has to rebuild at the very least part of our military

False campaign narrative.

How am I being deceptive?

Is it not true under that congress, that any cut to social spending had to be matched by the same amount of defense spending?

And WHO signed it? Was it GW, or Obama?

Sequestration refers to the framework for automatic, across-the-board cuts to both military and non-military spending that were originally designed to force bipartisan negotiators in Congress to strike a deal in 2011.

The bipartisan nature of the sequestration provision means that both parties merit a share of the blame.

But who signed it and took all negotiations away from congress?

sure the clowns in congress agreed, but who signed it!

and that is why our military had to be rebuilt. Yep, congress took the easy way out, but the Commander and Chief should know better.

 

[22lcidw]

So easily duped you are.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

The thing is, you knew this had been debunked but still felt like you have to post it.

But lets argue it was true. It's a heck of a deal. Minimum wage now is $7.25. So in this scenario people would get $7.20 but also get health care. That's a really good deal.

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.

Sanders and The Democrats are out to Bankrupt America.

You cannot extract $200 Trillion of Government Spending out of just a $20 Trillion Economy.

Sanders explains how he will pay for things. How is Trump's growing debt sitting with you?

Bwhahhaaa! If Trump spouted what he did and Bernie gets what he wants, that debt will quadriple easily. We have people on limited incomes and frozen pensions or cost of living that is like 1% a year. A hamburger going from a couple of dollars to 10 dollars is going to cause real pain. As all other products and services will increase also. There are many variables in this.

 

[AzogtheDefiler]

So easily duped you are.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

The thing is, you knew this had been debunked but still felt like you have to post it.

But lets argue it was true. It's a heck of a deal. Minimum wage now is $7.25. So in this scenario people would get $7.20 but also get health care. That's a really good deal.

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.

Sanders and The Democrats are out to Bankrupt America.

You cannot extract $200 Trillion of Government Spending out of just a $20 Trillion Economy.

Sanders explains how he will pay for things. How is Trump's growing debt sitting with you?

Actually he doesn’t. Never specified. Just speaks in generalities

 

[WTH_Progs?]

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.

On the bright-side, Crazy-Bernie's website shows Bezos paying 15.5 Billion annually. Fuck that PROG anyway. Downside Bezos will want to increase prices, cut wages, cur corners & service. That and he'll give less to charity.

Silly PROGS.

 

[pknopp]

So easily duped you are.

Did Sanders Propose Raising Taxes to 52% on Incomes Over $29,000?

The thing is, you knew this had been debunked but still felt like you have to post it.

But lets argue it was true. It's a heck of a deal. Minimum wage now is $7.25. So in this scenario people would get $7.20 but also get health care. That's a really good deal.

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.

Sanders and The Democrats are out to Bankrupt America.

You cannot extract $200 Trillion of Government Spending out of just a $20 Trillion Economy.

Sanders explains how he will pay for things. How is Trump's growing debt sitting with you?

Actually he doesn’t. Never specified. Just speaks in generalities

He most certainly gives specifics. Trump gave none to pay for his bail outs and increased military spending.

 

[pknopp]

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.

On the bright-side, Crazy-Bernie's website shows Bezos paying 15.5 Billion annually. Fuck that PROG anyway. Downside Bezos will want to increase prices, cut wages, cur corners & service. That and he'll give less to charity.

Silly PROGS.

Bezo's is getting billions annually from the Fed policies. Why shouldn't that get spread around?