General

Bernie has a Plan

Senate Budget committee chairman Bernard Sanders (I) VT has a plan to use budget reconciliation to provide:

$2,000 checks
Public option
$15 minimum wage

If you object to these (and other) reasonable efforts to combat a pandemic please try and make orderly objections.

1. I can’t do math aka Cost
2. I understand politics because I watch fox/msnbc
3. I Hate workers
4. I Hate Bernie

Feel free to lodge your objection with your category or invent another category for why these are terrible ideas.

FYI no points will be awarded for people without dictionaries. So for example: democratic socialism ≠ socialism ≠ communism

https://youtu.be/KEB5pqllE_g

This relates to Tesla because Bernie loves his EV, woolen mittens and renewable energy and will be instrumental in reforming the fossil fuels industry and a green new deal.
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Comments

  • $2,000 checks go to the ones who need it, not employed or retired with sufficient income.
  • Yes. $2000 to the ones who need it. Thanks for your agreement.
  • > @"yudansha™" said:
    > $2,000 checks go to the ones who need it, not employed or retired with sufficient income.

    And how do you decide who needs it more and who needs it less?
  • Who pays taxes?
  • Mittens are sold out. Capitalism ya know.😎
  • > @FunnyFish said:
    > Who pays taxes?

    You just complained about English being your second language. I would think you'd try and at least regurgitate an idea up a bit better than than tiny bit of ambergris.

    Also . . . Google is your friend.
  • > @FunnyFish said:
    > > @"yudansha™" said:
    > > $2,000 checks go to the ones who need it, not employed or retired with sufficient income.
    >
    > And how do you decide who needs it more and who needs it less?

    Or we could give it to everyone and the top 1% would get the check and pay their combined 40% taxes on it. It's called a "Universal Program" in public policy-speech. It makes it much more palatable with the public because everyone gets a benefit. This is why Social Security is both effective, low cost and highly popular.
  • > @SamO said:
    > > @FunnyFish said:
    > > Who pays taxes?
    >
    > You just complained about English being your second language. I would think you'd try and at least regurgitate an idea up a bit better than than tiny bit of ambergris.
    >
    > Also . . . Google is your friend.

    It was reference to 2k checks only for people in need. Who gets to decide who is in need and who is not? Minus the super wealthy, what is the criteria?
  • > @SamO said:> Senate Budget committee chairman Bernard Sanders (I) VT has a plan to use budget reconciliation to provide:
    >
    > $2,000 checks
    > Public option
    > $15 minimum wage

    Chairman Sanders....what a difference GA makes.

    The $2k checks are worthless. Put it into Unemployment boosters so it goes to people out of work due to GOP failure to handle pandemic.

    Medicaid for all unemployed as the Cobra thing is an insurance ripoff that unemployed can't afford.

    Public option on Medicare for anyone without employer insurance. If making a "living wage", then a progressive increase in Medicare taxes. If not making "living wage" then paid by surcharge on those making more than $125k single, $250k married.

    SS and Medicare taxes to apply to ALL income not just payroll. This will capture hundreds of billions of dollars from people like Musk to fund US health care.

    Eliminate Federal Income taxes on SS benefits would make up for all the cuts in SS since 1980 Reaganomics started benefit cuts and massive tax increases. Eliminate of upper income limit on SS and tax all income covers it well. We still have $1.3T surplus in Medicare funding.
  • > @SamO said:
    > > @FunnyFish said:
    > > > @"yudansha™" said:
    > > > $2,000 checks go to the ones who need it, not employed or retired with sufficient income.
    > >
    > > And how do you decide who needs it more and who needs it less?
    >
    > Or we could give it to everyone and the top 1% would get the check and pay their combined 40% taxes on it. It's called a "Universal Program" in public policy-speech. It makes it much more palatable with the public because everyone gets a benefit. This is why Social Security is both effective, low cost and highly popular.

    Okey, now we are talking.
  • More inflation!
  • > @FISHEV said:

    > Chairman Sanders....what a difference GA makes.
    >

    Yup

    > The $2k checks are worthless. Put it into Unemployment boosters so it goes to people out of work due to GOP failure to handle pandemic.
    >

    Not worthless, but happy to go along and forgo check personally so that additional $ be targeted. But I am a big proponent of UBI so . . . I disagree also.

    > Medicaid for all unemployed as the Cobra thing is an insurance ripoff that unemployed can't afford.
    >

    +1

    > Public option on Medicare for anyone without employer insurance. If making a "living wage", then a progressive increase in Medicare taxes. If not making "living wage" then paid by surcharge on those making more than $125k single, $250k married.
    >

    +1, although I might jigger the surcharge higher and increase capital gains rates to regular income rates.

    > SS and Medicare taxes to apply to ALL income not just payroll. This will capture hundreds of billions of dollars from people like Musk to fund US health care.
    >

    Except Musk makes minimum wage. Even his options don't vest for another 5 years after he hits his goals for award. And I do not generally favor a wealth surcharge or special asset tax (an area I diverge from Bernie) , but would rather see a carbon tax for income tax swap so that income (which is a good) gets reduced taxes, while Carbon (which is pollution) gets increased taxes.

    I expect Elon Musk to donate his entire personal fortune to the Musk Foundation whose goal will be to accelerate the advent of sustainable energy and to make life multiplanetary.

    Thus ensuring that his fortune does not go toward the bloated warfare state.

    > Eliminate Federal Income taxes on SS benefits would make up for all the cuts in SS since 1980 Reaganomics started benefit cuts and massive tax increases. Eliminate of upper income limit on SS and tax all income covers it well. We still have $1.3T surplus in Medicare funding.
    >

    +1

    Wow.

    Hell may have frozen over.
  • > @"Magic 8 Ball" said:
    > Mittens are sold out. Capitalism ya know.😎

    Sorry no points if you don't have a dictionary.
  • > @FunnyFish said:
    > > @SamO said:
    > > > @FunnyFish said:
    > > > Who pays taxes?
    > >
    > > You just complained about English being your second language. I would think you'd try and at least regurgitate an idea up a bit better than than tiny bit of ambergris.
    > >
    > > Also . . . Google is your friend.
    >
    > It was reference to 2k checks only for people in need. Who gets to decide who is in need and who is not? Minus the super wealthy, what is the criteria?

    People who lost employment due to pandemic should get the most of gov help, especially if they are in low paying jobs. Also, the families struggling on < 50k a year. Just like student loans.
  • > @andy_connor_e said:
    > More inflation!

    So i'll put you down as #1
  • > @SamO said:
    > > @"Magic 8 Ball" said:
    > > Mittens are sold out. Capitalism ya know.😎
    >
    > Sorry no points if you don't have a dictionary.

    Grammar cops are full of themselves.
  • > @"yudansha™" said:
    > > @FunnyFish said:
    > > > @SamO said:
    > > > > @FunnyFish said:
    > > > > Who pays taxes?

    > > It was reference to 2k checks only for people in need. Who gets to decide who is in need and who is not? Minus the super wealthy, what is the criteria?
    >

    > People who lost employment due to pandemic should get the most of gov help, especially if they are in low paying jobs. Also, the families struggling on < 50k a year. Just like student loans.

    +1. People in need SHOULD get most of the help. BUT . . . the way it worked BS (Before Sanders) is that big companies and the rich found a way to take the lionshare of the benefits of these tax cut programs and covid giveaways.
  • edited January 22
    > @SamO said: > Except Musk makes minimum wage."

    That's why SS and Medicare should apply to ALL INCOME in which case Musk's income paid in stock or any other financial device is taxed. It solves the current small discrepancy between taxes and benefits and will pay for subsidizing lower income American's in a Public Option system.

    Musk should be paying $60B in income tax and $20B in Medicare tax on his $185B. Treat capital gains as ordinary income, same with inheritance income.

    Keep in mind that health systems in EU are 50% the cost per person of US insurance industry system so overall Medicare taxes will go down for everyone over time as US gets to 100% coverage with good basic health care.
  • > @SamO said:
    > > @andy_connor_e said:
    > > More inflation!
    >
    > So i'll put you down as #1

    I want my money now.
  • > @FISHEV said:
    > > @SamO said: > Except Musk makes minimum wage."
    >
    > That's why SS and Medicare should apply to ALL INCOME in which case Musk's income paid in stock or any other financial device is taxed. It solves the current small discrepancy between taxes and benefits and will pay for subsidizing lower income American's in a Public Option system.

    Since the stock doesn't vest, he won't pay taxes until the end of the vesting period. So even under your plan, he'd delay paying taxes for 7-10 years., while making minimum wage and paying the lowest tax bracket, while living off a loan against his shares with Goldman Sachs. It's a terrible system.

    But I agreed already in principle that capital gains (which shares would become) should be taxed as regular income.

    >
    > Keep in mind that health systems in EU are 50% the cost per person of US insurance industry system so overall Medicare taxes will go down for everyone over time as US gets to 100% coverage with good basic health care.

    +1

    And ending multiple wars abroad, while funding debt on the backs of the arms dealers who profited would also qualify as a tax on social evils vs on goods.
  • edited January 22
    > @andy_connor_e said: > More inflation!"

    If taxes pay for benefits it is not inflationary. Medicare can easily be covered via taxes and the savings for US is $600B in health care costs.

    Germany is $6k per person.
    US is $10k per person.
  • > @andy_connor_e said:
    > > @SamO said:
    > > > @andy_connor_e said:
    > > > More inflation!
    > >
    > > So i'll put you down as #1
    >
    > I want my money now.

    You should read the game's terms of service more closely. Demanding $ results in immediate fine of 1 TSLA share.
  • > @"Magic 8 Ball" said:
    > > @SamO said:
    > > > @"Magic 8 Ball" said:
    > > > Mittens are sold out. Capitalism ya know.😎
    > >
    > > Sorry no points if you don't have a dictionary.
    >
    > Grammar cops are full of themselves.

    People without dictionaries probably shouldn't attempt to use the word "grammar" in a sentence.
  • Exactly, capital gains tax is one of the big problems. Why is it so much lower?
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