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Old 10-30-2015, 07:43 AM
 
Location: the Sticks
8,594 posts, read 2,471,411 times
Reputation: 4526

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I dont support any kind of a tax increase until a real effort is made to eliminate the billions of dollars wasted by the Fed.
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Old 10-30-2015, 07:43 AM
 
12,843 posts, read 4,645,233 times
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Quote:
Originally Posted by InformedConsent View Post
Based on what? I've never seen him propose anything other than a new healthcare income tax (43% of tax filers already don't pay any federal income tax so this would likely not apply to them, as well), an employer payroll tax, a surcharge on high-income individuals (not enough of them to pay for it), and a tax on securities transactions (which I've already shown would hit American workers and retirees the hardest).

Why won't Bernie propose a 25% VAT that ALL truly would pay, like Scandinavian countries have? Why is Bernie afraid of doing what actually works?
I dont have any problem with funding it purely through a VAT at all. But if you want the people who do not work to pay more taxes, the largest group of the 47% are retirees, so you should be happy if they see a higher tax.
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Old 10-30-2015, 07:47 AM
 
12,843 posts, read 4,645,233 times
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Originally Posted by InformedConsent View Post
Scandinavian/European countries? They also tax regressively, have no FATCA law so that the rich can and do hide wealth, income, profits, and gains in foreign accounts so that they're all compeletly tax-free, and many of those countries have also eliminated the inheritance tax.

Is Sanders and his supporters willing to do all of the above in the U.S.?
This was an answer to the people who claim that people wont work under that system. Which is simply not the case at all. The work more, not less. I dont support repealing FATCA if it causes inequality to skyrocket, like you claim is the case in Scandinavia because of no FATCA law. High inequality and plutocracy is a disaster for the democracy so we should be careful about repealing FATCA if your scare stories are true.
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Old 10-30-2015, 07:56 AM
 
4,612 posts, read 2,923,093 times
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"free" college is great. unless you're one of the majority who is sick of school after the 12th grade, and you just want to enter the workforce. but you'll have to pay for people your age to have their "free" college.
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Old 10-30-2015, 08:01 AM
 
66,486 posts, read 30,318,451 times
Reputation: 8667
Quote:
Originally Posted by PCALMike View Post
I dont have any problem with funding it purely through a VAT at all.
Good. 25% VAT like the Scandinavian countries. Everyone pays.
Quote:
But if you want the people who do not work to pay more taxes, the largest group of the 47% are retirees, so you should be happy if they see a higher tax.
False. 60% of those who pay no federal income tax are still working. They're the largest group. Only 22% of those who pay no federal income tax are retirees.

https://www.washingtonpost.com/news/...xes-in-charts/

Furthermore, Scandinavian countries' top marginal income tax rate kicks in at 1.2 to 1.6 times their countries' average incomes compared to 8.5 times here in the U.S. In other words, Scandinavia's middle class pays the top marginal tax rate:

http://taxfoundation.org/sites/taxfo.../Progressivity of Scandanavian and US Income Taxes.png

Scandinavian countries can fund more and better social and safety net programs, like Bernie and his supporters want, because they tax regressively, have a 25% VAT that everyone pays, and applies their top marginal income tax rate to the middle class. Their tax base is MUCH broader, so they generate adequate revenue to fund such things.
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Old 10-30-2015, 08:02 AM
 
66,486 posts, read 30,318,451 times
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Quote:
Originally Posted by PCALMike View Post
This was an answer to the people who claim that people wont work under that system. Which is simply not the case at all. The work more, not less. I dont support repealing FATCA if it causes inequality to skyrocket
Based on what? Prove it citing actual statistics from countries with no FATCA law.
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Old 10-30-2015, 08:07 AM
 
Location: Charlotte NC
11,773 posts, read 9,378,886 times
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if a 25% tax meant free college (psst. this is actually a good thing folks) and free healthcare and a realistic time off for child birth and vacations...

sure, cause it wouldn't actually be free.

it's,better than 5 to 7% sales tax, insane tuition cost, high healthcare, expensive wars and billions of dollars lost every year by our government.
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Old 10-30-2015, 08:16 AM
 
66,486 posts, read 30,318,451 times
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Quote:
Originally Posted by Feltdesigner View Post
if a 25% tax meant free college (psst. this is actually a good thing folks) and free healthcare and a realistic time off for child birth and vacations...

sure, cause it wouldn't actually be free.

it's,better than 5 to 7% sales tax, insane tuition cost, high healthcare, expensive wars and billions of dollars lost every year by our government.
Again... the 25% national VAT is in addition to all the other federal taxes. You'd still be paying state and local sales taxes, etc., too.

Plus, we'd have to start applying our top marginal federal income tax rate to the middle class like Scandinavian countries do. Currently in the U.S., the top marginal federal income tax rate only applies to the top 1%.
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Old 10-30-2015, 08:16 AM
 
4,612 posts, read 2,923,093 times
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Quote:
Originally Posted by Feltdesigner View Post
if a 25% tax meant free college (psst. this is actually a good thing folks) and free healthcare and a realistic time off for child birth and vacations...

sure, cause it wouldn't actually be free.

it's,better than 5 to 7% sales tax, insane tuition cost, high healthcare, expensive wars and billions of dollars lost every year by our government.
sounds great. that way everyone would hate one another. it wouldn't just be race, religion, or gender specific hatred anymore.
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Old 10-30-2015, 08:23 AM
 
Location: the Sticks
8,594 posts, read 2,471,411 times
Reputation: 4526
Quote:
Originally Posted by Feltdesigner View Post
if a 25% tax meant free college (psst. this is actually a good thing folks) and free healthcare and a realistic time off for child birth and vacations...

sure, cause it wouldn't actually be free.

it's,better than 5 to 7% sales tax, insane tuition cost, high healthcare, expensive wars and billions of dollars lost every year by our government.
Or we can just cut out the expensive wars that both parties seem to enjoy.
The billions in waste.
Make the Fed live within its means.
Vacations are on the individual.
Define realistic time off for childbirth. FMLA already grants 90 days.
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