Name:   MartiniMan - Subject:   Tax increases to pay for this nonsense Date:   7/31/2018 1:07:21 PM

Saw an analysis this morning and here is what it would take to pay for this socialist wet dream.  Raise the payroll tax (paid for by workers and employers) by ten percentage points for everyone, impose a brand new 20 percent national VAT/sales tax, and hike income tax rates across the board by ten percentage points.  And that assumed tax rate increase is predicated on somehow magically finding $2T in reduced costs by applying Medicare reimbursement rates across the board, something that will be difficult, if not impossible to implement.  Other estimates are that this would actually add between $4T and $6T in new costs, not reduced costs.

So folks, if you want this kind of taxation in the U.S. (which is eerily similar to European countries) then have at it.  We will have the economic malaise of the Obama years on steroids.  And just so you know, when Sanders was asked about the costs the answer was along the lines of we haven't done a detailed cost analysis but this is in the range of our preliminary estimates.  His millennial acolyte has taken the position that, like, well we need to have corporations and rich people pay their fair share and like, um.....  She should demand a refund of her economics degree from BU.  She got literally ripped off.