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Chet Ruminski Wrote: Very simple TJ and jaredsxtn , Put an increasing penalty tax on derivatives and bonus tax credits on living wage producing investments.
That alone will pay for every single thing Bernie has promised? You are living in an alternative universe if you believe that.
Congress passes tax laws. President Bernie Sanders wouldn't be able to waive a magic wand and "poof" increase taxes on derivatives. That, and derivatives are a hell of a lot more complicated than just levying a carte blanche tax on them. Even Warren Buffet has walked back much of his criticism of them because they can be a net positive if companies "use restraint and hold a “limited amount” of them.
And I'm not sure I follow your statement on "bonus tax credits on living wage producing investments." Are you saying that people who earn a living wage should also get an additional tax credit or tax credits? I'm not necessarily opposed to tax credits, but why would people need additional tax credits if they are already earning enough money to make a living wage?
Chet Ruminski Wrote: That will move money to incredible jobs producing. Increased tax revenue will pay the bills.
How would taxing derivatives lead to incredible job growth? A minimum wage that automatically adjusts with inflation is one thing, but taxing derivatives is another.
What Bernie refuses to admit is that he will need to tax the middle class at an exponentially higher rate than they are used to if any of his proposals are going to become a reality. Increased tax revenue will pay the bills, but that increased tax revenue is going to come from the lower and middle classes, not the upper class.