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Finally someone notices that we're being promised the meat and the milk from the same cowpic.twitter.com/avEy7u1K5J
FWIW, it's very possible to think this is a terribly irresponsible scheme & still support increased tax rates for the wealthy. There's a *lot* of territory between Trump's tax cuts and the Sanders/Warren tax plans. There are many more reasonable people on both the left & right
As far as I go — I think the US needs to practice much greater fiscal responsibility, not only re: spending but also in how it regulates consumer markets for e.g. healthcare, education, & financing for both. But I also agree with the left that our safety net is far too narrow.
What we need are politicians willing to empower the rare experts who deeply understand the labyrinthian healthcare & education systems we've created, who can overcome bias to see where costs have been allowed to bloat & who will be doggedly honest in their assessments & proposals
There's also a ton of object-level work that needs to be done re: re-aligning the safety net — for example, clarifying *precisely* what we're trying to accomplish with disability & figuring out ways to allow disabled people to do limited work/volunteering without losing benefits
but I'm sympathetic to the folks who think gov involvement just warps the incentives of communities that would otherwise take care of each other just fine, & I'm sympathetic to those who've been struggling for so long that they just want someone to really commit to their problems
I don't understand how a wealth tax is going to break up billionaires. We're talking about a few cents on the dollar here.
Do the math over years and also realize that much of the wealth is not cash. We need to return to the previous income tax levels and close corporate and personal loopholes.
Warren’s wealth tax won’t eliminate billionaires, nor is that the intention. Maybe that’s true for Bernie’s tho
Sanders is the one running on eliminating billionaires; Warren's (updated) plan is actually more likely to do it. She's running on "pay their fair share," but she's more than keeping pace with Sanders in order to double the federal budget & cover her plans
Wealth/Estate Taxes discourage capital aggregation and job creation, encourage waste (spend it or lose it), loophole creation -> political corruption, shadow economy rife w/ crime + instability, capital/entrepreneur/skill/idea flight, bankruptcy of independent local run business.
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