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Old 08-10-2019, 04:52 AM
 
697 posts, read 193,008 times
Reputation: 680

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IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.

Hey Bernie: 1 + 1 does not =3


Quote:
Vermont Senator Bernie Sanders said the U.S. could afford universal healthcare, canceling student debt and making tuition free at public colleges— by slapping higher taxes on wealthy individuals and big companies in order to pay for it all.
https://finance.yahoo.com/news/berni...184145968.html

Last edited by TheGoodTheBadTheUgly; 08-10-2019 at 05:06 AM..
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Old 08-10-2019, 04:56 AM
 
25,050 posts, read 12,298,280 times
Reputation: 10731
But the mad scientist hypocrite will hide his money.

Stick a fork in him, his campaign is toast.
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Old 08-10-2019, 05:16 AM
 
1,971 posts, read 656,996 times
Reputation: 1566
Even if you confiscated all of the wealth of every American billionaire, it would only fund the federal government for 2-3 years.
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Old 08-10-2019, 05:40 AM
 
38,185 posts, read 16,508,060 times
Reputation: 8675
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.

Hey Bernie: 1 + 1 does not =3




https://finance.yahoo.com/news/berni...184145968.html
Wasn't it PM Margret Thacher who said, "eventually you will run out of OTHER PEOPLES MONEY"?
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Old 08-10-2019, 05:43 AM
 
30,496 posts, read 16,776,057 times
Reputation: 14142
Quote:
Why Is It That Socialists Are Horrible At Math; Bernie Sanders We’ll Pay For Everything By Taxing The Rich
Why wouldn't Bernie think that? His entire career has been funded through taxation (a.k.a. the taking of someone elses money)
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Old 08-10-2019, 05:44 AM
 
Location: Boston
8,534 posts, read 2,496,004 times
Reputation: 6021
Americans realize Bernie is unstable and can't think clearly. It's gonna be decades before the American people are going to buy into any liberal ideas regarding healthcare after the crisis Obamacare caused in this country.
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Old 08-10-2019, 05:50 AM
 
5,049 posts, read 6,026,953 times
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Nyc mayor de bozo wants to tax the rich 70%!
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Old 08-10-2019, 05:56 AM
 
Location: USA
19,268 posts, read 9,346,219 times
Reputation: 14462
Well they MAY be bad at Math, but even if they weren't they IGNORE reality and facts hoping their scheme will convince people yet again they can get SOMETHING FOR NOTHING, and yes there is a Santa Clause.

I think the elitists like Bernie KNOW exactly that you could tax the rich at 100% and it still would be nearly enough to pay for all their programs. The large swath of Middle Income Earners ALWAYS pays the most, and can least afford it. The working poor get a tax break always, but the middle income earner does not.
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Old 08-10-2019, 05:58 AM
 
16,835 posts, read 14,293,340 times
Reputation: 20741
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.

Hey Bernie: 1 + 1 does not =3




https://finance.yahoo.com/news/berni...184145968.html
Its literally in your own post, he will tax corporations. Amazon literally paid nothing in corporate taxes in 2018, which would have been billions in that year alone, and that is even before raising corporate tax rates to the level they were in the 1950s. Meanwhile all of the other corporations that are likewise paying nothing in federal corporate taxes will be paying their fair share.
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Old 08-10-2019, 06:00 AM
 
Location: USA
19,268 posts, read 9,346,219 times
Reputation: 14462
Quote:
Originally Posted by lkb0714 View Post
Its literally in your own post, he will tax corporations. Amazon literally paid nothing in corporate taxes in 2018, which would have been billions in that year alone, and that is even before raising corporate tax rates to the level they were in the 1950s. Meanwhile all of the other corporations that are likewise paying nothing in federal corporate taxes will be paying their fair share.
Corporations pass all taxes onto the consumer. You and I pay corporate taxes. Take an economics course please.
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