When Bernie Sanders says that he’s running as a Socialist Democrat, he really means it. His tax proposal would basically take everyone’s money and redistribute it as he sees fit.
Presidential candidate Sen. Bernie Sanders’ (I., Vt.) proposed tax plan would raise taxes by $13.6 trillion over the next decade and reduce the economy’s size by 9.5 percent, according to an analysis by the Tax Foundation.
While on the campaign trail, the senator has proposed $18 trillion in spending over the next decade. His plan includes $15 trillion for a government-run single-payer health care plan and trillions more for Social Security, roads and bridges, higher education, paid family and medical leave, and private pension funds, to name just a few.
Sanders’ proposed tax plan will increase marginal tax rates and the cost of capital, a move that will significantly reduce GDP, lower wages, and eliminate jobs.
Of course, Bernie’s plan would change nothing.
Washington, DC would get more cash but there would still be plenty of poor people.