How Bernie Will Pay for His Stuff

[The Tradition]

Remove the payroll tax cap?

The reason there's a cap on the annual amount you have to pay into Social Security is because there's a maximum benefit you can receive when you retire. The tax cap is based on the benefit cap. If you remove the cap, there there should likewise be no maximum benefit that Donald Trump can receive while cavorting on his private island in retirement.

Talk about a giveaway to the rich!

 

[What Would Jesus Do?]

t


and let's be honest, what percentage of a typical kids reading is done only at school? My 2nd grader always seems to have a handful of books from the school and public library around, and usually ends up with new books from the store every few weeks.

There are still stores that sell books?

If you actually have a child and he or she actually behaves that way instead of always texting, phoning, playing video games and such, you need to document this increasingly rare anomaly for posterity. And you should probably get your kid in counseling before he becomes too weird to be able to communicate with his peers.

Not kidding.

 

[What Would Jesus Do?]

Remove the payroll tax cap?

The reason there's a cap on the annual amount you have to pay into Social Security is because there's a maximum benefit you can receive when you retire. The tax cap is based on the benefit cap. If you remove the cap, there there should likewise be no maximum benefit that Donald Trump can receive while cavorting on his private island in retirement.

Talk about a giveaway to the rich!

The payout from SS is already non-linear. Just tweak it some more.

You still have to pay in to receive benefits, so it isn't a welfare program. But raising the cap doesn't require raising the payout to rich retirees.

 

[thedirtyglass]

There are still stores that sell books?

If you actually have a child and he or she actually behaves that way instead of always texting, phoning, playing video games and such, you need to document this increasingly rare anomaly for posterity. And you should probably get your kid in counseling before he becomes too weird to be able to communicate with his peers.

Not kidding.

he is 8, so he doesn't have a phone. he enjoys his video games on the xbox and on his tablet, is involved in cub scouts and also takes piano lessons...all that AND he has friends.

the fact that you think it is weird that he chooses not to play video games all night every night and chooses to read in addition to those other things says more about you than it does him.

 

[Run&Blade]

Tax the hell out of stock options given to people that already make over $5 million a year.

 

[The Tradition]

But raising the cap doesn't require raising the payout to rich retirees.

Of course it does. The cap is based on the max. benefit.

Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The same annual limit also applies when those earnings are used in a benefit computation. This limit changes each year with changes in the national average wage index. We call this annual limit the contribution and benefit base. For earnings in 2016, this base is $118,500.

https://www.ssa.gov/oact/cola/cbb.html


Changing this would require the absolute destruction of the "deal" that was struck to enact Social Security in the first place.

 

[thedirtyglass]

There are still stores that sell books?

If you actually have a child and he or she actually behaves that way instead of always texting, phoning, playing video games and such, you need to document this increasingly rare anomaly for posterity. And you should probably get your kid in counseling before he becomes too weird to be able to communicate with his peers.

Not kidding.

damn, these objects behind the chotchkies are pretty damned weird. let's burn em

 

[Foxclone]

More gov = more gov jobs. What do gov employees produce and make that helps the GNP of the USA? When all the mfg gets shifted out this country , all that does it help the tax benefits and profit margin that makes investors happy. Short term happiness for long term disaster. Trillions in debt. Continued can kicking down the road by both parties. Change is needed and that is why the anti establishment love fest for Col Sanders and the Donald.

 

[starbrown]

More gov = more gov jobs. What do gov employees produce and make that helps the GNP of the USA? When all the mfg gets shifted out this country , all that does it help the tax benefits and profit margin that makes investors happy. Short term happiness for long term disaster. Trillions in debt. Continued can kicking down the road by both parties. Change is needed and that is why the anti establishment love fest for Col Sanders and the Donald.

Hey, a nation with zero industry but plenty of gov't jobs turned Greece into heaven-on-earth. I say vote for Bernie Clinton and get to enjoying Shambhala.

 

[broth87]

https://berniesanders.com/issues/how-bernie-pays-for-his-proposals/

You may not like what he wants to do and you may quibble over whether his funding strategies will suffice to cover the costs. But at least he has laid it out.

How many other candidates have done that? Heck, how many of them have even laid out clear policy objectives?

people in this country truly don't understand simple economics at all. At. All. If you think any part of Bernie's finding for all this free crap is realistic or possible, you're quite possibly the dumbest human being on the planet. And sadly, there are millions vying for that spot since he has some level of popularity. The problem in this country is the insanely high tax structure and burden on businesses in this country, of which Bernie wants to RAISE. Companies are already moving overseas by the scores for more competitive tax rates and opportunities, and with them go jobs and money that would otherwise be in our country. We need to ease the tax burdens on American business, reduce the rate to compete with any country in the world, and watch not only American businesses return home bringing jobs for American citizens and money for the American economy, but also drawing businesses from other countries to come here. Lowering the corporate and business tax rates to compete on the global scale actually net results in MORE jobs for American and MORE money in the American economy not to mention the benefits it has for small and locally owned businesses and entrepreneurs. This is how you solve this garbage. It's simple economics. Unfortunately the blind Bernie and Hillary followers can't see it. Bernie's policies would obliterate this country just like socialist policies have done everywhere they've ever been applied.

 

[LakeviewHawkeye]

I'd love to see your numbers.

First, only about 3/4 of the $1.39 trillion comes from businesses. Second, what do employers pay when they pay for insurance now. One quick google result says around $10K. So how many employees are we talking about? Sounds pretty close to an even swap.

You know, you should probably stop leading with personal attacks against another's intelligence or knowledge when you can't do better than this. This isn't even the first time in this thread that you have stomped around like a spoiled child rather than trying to have an adult conversation.

I linked the numbers fool. Of course, it's not surprising a Bernie supporter isn't capable of paying attention to the details.

 

[jamesvanderwulf]

Bernie had his electricity cut off a lot so he’d run an extension cord down to the basement. He couldn’t pay his bills.

And today he’s running for president so he can take your money and redistribute it.
Investor’s Business Daily reported:

Sanders spent most of his life as an angry radical and agitator who never accomplished much of anything. And yet now he thinks he deserves the power to run your life and your finances — “We will raise taxes;” he confirmed Monday, “yes, we will.”

One of his first jobs was registering people for food stamps, and it was all downhill from there.

Sanders took his first bride to live in a maple sugar shack with a dirt floor, and she soon left him. Penniless, he went on unemployment. Then he had a child out of wedlock. Desperate, he tried carpentry but could barely sink a nail. “He was a shi**y carpenter,” a friend told Politico Magazine. “His carpentry was not going to support him, and didn’t.”

Then he tried his hand freelancing for leftist rags, writing about “masturbation and rape” and other crudities for $50 a story. He drove around in a rusted-out, Bondo-covered VW bug with no working windshield wipers. Friends said he was “always poor” and his “electricity was turned off a lot.” They described him as a slob who kept a messy apartment — and this is what his friends had to say about him.

The only thing he was good at was talking … non-stop … about socialism and how the rich were ripping everybody off.“The whole quality of life in America is based on greed,” the bitter layabout said. “I believe in the redistribution of wealth in this nation.”

So he tried politics, starting his own socialist party. Four times he ran for Vermont public office, and four times he lost — badly. He never attracted more than single-digit support — even in the People’s Republic of Vermont. In his 1971 bid for U.S. Senate, the local press said the 30-year-old “Sanders describes himself as a carpenter who has worked with ‘disturbed children.’ ” In other words, a real winner.

He finally wormed his way into the Senate in 2006, where he still ranks as one of the poorest members of Congress. Save for a municipal pension, Sanders lists no assets in his name. All the assets provided in his financial disclosure form are his second wife’s. He does, however, have as much as $65,000 in credit-card debt.

Sure, Sanders may not be a hypocrite, but this is nothing to brag about. His worthless background contrasts sharply with the successful careers of other “outsiders” in the race for the White House, including a billionaire developer, a world-renowned neurosurgeon and a Fortune 500 CEO.

The choice in this election is shaping up to be a very clear one. It will likely boil down to a battle between those who create and produce wealth, and those who take it and redistribute it.

 

[What Would Jesus Do?]

people in this country truly don't understand simple economics at all. At. All. If you think any part of Bernie's finding for all this free crap is realistic or possible, you're quite possibly the dumbest human being on the planet.

Always fun to hear from The People of the Kool-Aid.

 

[IaHawk44]

Here are some very interesting views on how Bernie's plans will work and how they'll be financially efficient for everyone in the long run.

 

[What Would Jesus Do?]

I linked the numbers fool. Of course, it's not surprising a Bernie supporter isn't capable of paying attention to the details.

If you are saying your Forbes link had the numbers, I didn't see them - because Forbes won't show them unless you turn off ad blocker.

But you have yet to show my numbers to be wrong. So why don't you try to do that rather than saying your link - to a well-known shill for free market theology - has done so. Cut and paste if you wish, but make sure the numbers actually address the points.

 

[IaHawk44]

Bernie had his electricity cut off a lot so he’d run an extension cord down to the basement. He couldn’t pay his bills.

And today he’s running for president so he can take your money and redistribute it.
Investor’s Business Daily reported:

Sanders spent most of his life as an angry radical and agitator who never accomplished much of anything. And yet now he thinks he deserves the power to run your life and your finances — “We will raise taxes;” he confirmed Monday, “yes, we will.”

One of his first jobs was registering people for food stamps, and it was all downhill from there.

Sanders took his first bride to live in a maple sugar shack with a dirt floor, and she soon left him. Penniless, he went on unemployment. Then he had a child out of wedlock. Desperate, he tried carpentry but could barely sink a nail. “He was a shi**y carpenter,” a friend told Politico Magazine. “His carpentry was not going to support him, and didn’t.”

Then he tried his hand freelancing for leftist rags, writing about “masturbation and rape” and other crudities for $50 a story. He drove around in a rusted-out, Bondo-covered VW bug with no working windshield wipers. Friends said he was “always poor” and his “electricity was turned off a lot.” They described him as a slob who kept a messy apartment — and this is what his friends had to say about him.

The only thing he was good at was talking … non-stop … about socialism and how the rich were ripping everybody off.“The whole quality of life in America is based on greed,” the bitter layabout said. “I believe in the redistribution of wealth in this nation.”

So he tried politics, starting his own socialist party. Four times he ran for Vermont public office, and four times he lost — badly. He never attracted more than single-digit support — even in the People’s Republic of Vermont. In his 1971 bid for U.S. Senate, the local press said the 30-year-old “Sanders describes himself as a carpenter who has worked with ‘disturbed children.’ ” In other words, a real winner.

He finally wormed his way into the Senate in 2006, where he still ranks as one of the poorest members of Congress. Save for a municipal pension, Sanders lists no assets in his name. All the assets provided in his financial disclosure form are his second wife’s. He does, however, have as much as $65,000 in credit-card debt.

Sure, Sanders may not be a hypocrite, but this is nothing to brag about. His worthless background contrasts sharply with the successful careers of other “outsiders” in the race for the White House, including a billionaire developer, a world-renowned neurosurgeon and a Fortune 500 CEO.

The choice in this election is shaping up to be a very clear one. It will likely boil down to a battle between those who create and produce wealth, and those who take it and redistribute it.

The rich are ripping people off, no one can prove otherwise. Bernie's past doesn't change that and insinuating it does is asinine.

 

[What Would Jesus Do?]

Here are some very interesting views on how Bernie's plans will work and how they'll be financially efficient for everyone in the long run.

View embedded media

This is sad to see. Especially the comment from Goolsbee, whom I have always liked in the past.

 

[NoleSoup4U]

Always fun to hear from The People of the Kool-Aid.

Look, dude. The "Kool-Aid" people aren't the ones asking how we are going to pay for this, without tanking the economy even further. The people having the biggest problem with this are the ones, like you, who refuse to look at the negatives of the taxes that you want to levy on a people who, a lot of which, are already struggling.

You're going to have to cut a lot of other stuff to implement what you're talking about. The first thing is that you're going to have to end all the wars and close all the overseas bases. The next thing that you're going to have to do is to cut off any and all welfare to anyone who can't prove that they are a legal citizen. You can't allow them to flood the emergency rooms, and you can't give them food stamps or housing. This country just can't afford it. Then, you're going to have to make some rule to where, if you want benefits, then you have to work. No more welfare queens with 15 kids sitting at home and doing nothing. The benefits need to be a supplement, not the entirety of their income.

Next, you need to completely revamp the school system. It's broken and you need to help kids who don't wish to go to college. Not everyone wants to, or is cut out to, go to college.

You're still going to have problems, but they may at least be manageable if you do all of this.

 

[LakeviewHawkeye]

If you are saying your Forbes link had the numbers, I didn't see them - because Forbes won't show them unless you turn off ad blocker.

But you have yet to show my numbers to be wrong. So why don't you try to do that rather than saying your link - to a well-known shill for free market theology - has done so. Cut and paste if you wish, but make sure the numbers actually address the points.

According to Ibisworld (economic research org), the entire health and medical insurance market in the US is $700bn. Bernie's tax you are so excited about is just under twice that size. Since you seem incapable of analyzing that on your own, I will explain it. Bernie's proposed tax is an enormous additional cost for every employer in the US, further diminishing their ability to compete globally. Essentially, it is an enormous incentive to continue to reduce US payrolls and move those jobs overseas. Is that clear enough since you don't like Forbes?

And you clowns think Bernie is in this for the little guy. In reality, he's an ideologue that's all about growing the government.

 

[theiacowtipper]

1. 
   A vocational school, also called a trade school, is a higher-level learning institution that specializes in providing students with the vocational education and technical skills they need in order to perform the tasks of a particular job.

That's from Wikipedia. Every community college in Iowa fits this definition. At our tiny little community college, we offer a number of degree programs, AAS, in "trades". A partial list:

Emergency Medical Services
Nursing
Medical Assistant
Medical Coding
Respiratory Therapy
Welding
Construction Trades
Machining
Gunsmithing
Auto repair
Auto body

I don't know why Bernies plan wouldn't include all of these worthy career paths.

 

[What Would Jesus Do?]

According to Ibisworld (economic research org), the entire health and medical insurance market in the US is $700bn. Bernie's tax you are so excited about is just under twice that size. Since you seem incapable of analyzing that on your own, I will explain it. Bernie's proposed tax is an enormous additional cost for every employer in the US, further diminishing their ability to compete globally. Essentially, it is an enormous incentive to continue to reduce US payrolls and move those jobs overseas. Is that clear enough since you don't like Forbes?

And you clowns think Bernie is in this for the little guy. In reality, he's an ideologue that's all about growing the government.

As usual, you look at one number and think you know everything. That $700 billion number doesn't give the full picture and dodges the questions I raised.

If you would spend as much time articulating your arguments and supplying good data as you do on personal attacks, you might be worth the time. But you don't and aren't, so I will stop expecting better.

 

[What Would Jesus Do?]

1. 
   A vocational school, also called a trade school, is a higher-level learning institution that specializes in providing students with the vocational education and technical skills they need in order to perform the tasks of a particular job.

That's from Wikipedia. Every community college in Iowa fits this definition. At our tiny little community college, we offer a number of degree programs, AAS, in "trades". A partial list:

Emergency Medical Services
Nursing
Medical Assistant
Medical Coding
Respiratory Therapy
Welding
Construction Trades
Machining
Gunsmithing
Auto repair
Auto body

I don't know why Bernies plan wouldn't include all of these worthy career paths.

Pretty sure his plan would cover all public community colleges. If those CCs offer vocational classes, I assume they are covered.

 

[thewop]

Yep, Bernie is by far the most dangerous candidate to America. At least he went to the trouble of creating a website to show why, and deserves credit for that.

 

[Hawk-A-Doodle-Doo]

Forgive Ol' Doodle if these questions have been covered previously in this thread (or elsewhere), but what exactly does Bernie's "free college for everyone" plan say about things like in-state vs. out-of-state tuition? What does it intend to do about the vast differences in costs of colleges? Michigan tuition is considerably more expensive than Iowa.

The reason "free" public primary and secondary education works to the degree that it does is because it's managed at the geographically micro level. Sure, there's open enrollment to a certain degree....but you can't open enroll at an elementary school in Connecticut if you live in Florida. So is Bernie's "free college for everyone" going to pay for, say, a kid who lives in Mississippi and wants to go to film school at UCLA? Or does that kid only get "free" college if he goes to Ole Miss or Miss St. or Southern Miss?

What about people who change majors three times and can't graduate in 4 years (which is actually a lot of people, even when they DON'T change majors)?

What about people who spend a boatload of this "free" college money and then drop out...or flunk out...or worst of all, spend the maximum amount and graduate with a degree that, frankly, gives them virtually no chance of landing a meaningful position in the productive workforce?

There are so many other questions along these lines, and if he hasn't itemized the answers, that definitely impugns the plan to an undeniably large degree. If he has spelled out these details, Ol' Doodle would be grateful to be directed to where that can be found, because all Doodle can find on his Website is the plan to pay for it by soaking the big, nasty, greedy Wall Street monolith for a wad of cash that they obviously will freely and gleefully fork over without so much as an unkind word.