The Sanders single payer revenue plan white paper should be titled “The Diminishing Marginal Returns From Taxing The Wealthy”.
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**we should totally tax the wealthy and sharply increase income taxes**
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But look how his plan raises $7T from broad-based payroll taxes, and another $4T from converting health benefits to income.
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By comparison, adding new top brackets and _entirely eliminating_ cap gains exemption nets him, best case, $1.8T.
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A Piketty-style wealth tax on the .1% — unprecedented in US history — gets him $1.3T.
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I’m not even saying we shouldn’t have that tax, but it sure looks like you can’t get to “whole new entitlement” funding through the rich.
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Replying to @tqbf
I don’t understand why you think the funding part is important.
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Replying to @tqbf
I think it matters not at all. Just like the Iraq War: the hard politics is getting the policy, the funding sorts itself out later
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Replying to @Pinboard
I’m sure this is not the only thing we strongly disagree with each other about.
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