Return tax rates on the margin to those of the Eisenhower era. Cut from the Defense budget monies for vehicles, vessels, and programs the military doesn't want. End subsidies to highly profitable corporations. End tariffs which beg retaliatory tariffs on US goods so our farmers, in particular, are making money again so that in turn we can stop giving US farmers government handouts. Save trillions by changing to some form of single-payer universal healthcare.
Bernie Sanders changes would increase the federal budget deficits by more than $18 trillion over the next decade.
The most devistating part about this? We are supposed to shrink our deficits when the economy is in a boom...
As if Sanders would get any of his agenda implemented....and it still would likely be half of what Trump is doing. By the way, I assume you mean debt.
The actual question is: would the savings that an individual middle class citizen obtain from switching over to a Medicare system offset the tax increase? It really depends I guess on the specific individual. I'm assuming that Seine that has a great expansive plan from their employer would probably hate this.
Gotta take on the Big Three: Defense, Social Security, and Medicare. That is to say, all three have to be cut. At the very least, we have to stop the rate of growth in Medicare and SS spending. But that's where our politics is now: you can't even talk about slowing the rate of growth -- let alone making cuts -- of Medicare/SS spending without becoming a political pariah. I don't know that any of this can be done without changing hearts and minds of the American people. Right now, no one (or very few) see(s) the deficit/debt as a threat. But they don't realize how quantitative easing (which facilitates federal spending) erodes individual purchasing/spending power. They don't see how debt can lead to higher interest rates, which also reduces purchasing power. They don't see that once the dollar is devalued (a la Weimar Republic), there's no coming back from that. Essentially, what we need (in terms of leaders) is another Ross Perot. Again, there will need to be education, and changing of hearts and minds, before anything can be done. There are multiple studies that say both SS and Medicare will not be able to fully meet their obligations in the mid 2020s. Perhaps that will be the wake up call.
Dude... We are experiencing record growth rates in deficits when there is GDP growth at a booming rate. That is quite frankly shocking. Tax revenue is declining during an economic boom. Repeat that sentence to yourself. That isn't supposed to happen. I hope common sense can tell you why. Spending is definitely an issue. But you are completely ignoring as important of a one.
Like all of this - warren the best bet. How would you reroute the jobs lost in military? Americans will go where the money is
doesn't AOC and modern monetary theory say deficits aren't a problem? if that's the case . . . don't worry, be happy.
A bunch of baby boomers who always vote don't care - they just want security in their old age. Agree with defense and social security, but again, defense is seen as a massive employer and SS is seen as a safety net for majority of those who live paycheck to paycheck. There does need to be promise of jobs available in an industry that benefits the American people, whether it be new infrastructure development or carbon free energy.
So only a few have ideas and then the usual subjects come in there attacks on the usual people. I can't for the life of understand what AOC has to do with this or why a moderate Democrat would bring her up?
Organizationally, defense department needs to be broken up into smaller more manageable pieces which can be held more accountable to a budget. In its current state they can't even track their own spend, which is completely unacceptable. Tax rates of course are laughable and need to be increased.
1. Raise corporate taxes 1a. Start a VAT, exclude only groceries. 1b. Make the corporate AMT meaningful. 2. Raise individual taxes for AGIs over 10 million. 3. Freeze military spending at current levels (no COLA) 4. Fix health care. ETA: Pretty much in agreement, except for SS. I could see SS being taxed differently. IIRC SS benefits get taxed at worst at 85%. I could see this being raised to 100% as AGI increases. I am not for reducing the SS benefit
Agree with all of your post except this. If we give the govt more $, they just find new ways to spend it. And that's the problem. And that's leaving aside the disincentive to higher productivity and efficiency that increased taxes would bring.
Raise taxes on corporations to pre 2018 levels. Decrease military expenditures. Rework Medicaid and Medicare. Strengthen IRS, OIG, and CMS and any other organization that can combat fraud and waste.
Obviously you would have to get rid of the republicans in government, that goes without saying, but how realistic is that? Not very.
