Bernie Sanders addressed supporters after winning the New Hampshire primary on Tuesday.
By Evan Horowitz Globe Staff February 11, 2016
Vermont Senator Bernie Sanders has some big plans for America, including ending the reign of money in politics and reshaping the US economy.
But sweeping changes like single-payer health care, free college tuition, and guaranteed parental leave don’t come cheap. They require an abundance of new tax dollars, not just from the rich but from virtually all classes of society.
Tally it up, and the annual cost of Sanders’ plans crosses into the trillions.
Yet, the real question is not how much they cost; it’s whether the benefits might be even greater. And the fact that Sanders ran away with the New Hampshire primary earlier this week suggests that some Democratic voters are hungry for his higher-tax, bigger-government approach.
How much do Sanders’ plans cost?
Sanders’ campaign makes no attempt to hide the big sticker-cost of its “political revolution,” nor does it pretend that universal programs can be paid for with budget gimmicks.
Every major spending proposal comes with a matching tax plan.
• New infrastructure spending is covered by a crackdown on corporations funneling money through tax havens.
• Paid family and medical leave is made possible by a tax on workers’ wages.
• To eliminate tuition at public colleges and universities, Sanders targets Wall Street with a tax on financial transactions.
No Sanders initiative, though, requires as much new revenue as his single-payer health care plan, which would make the government responsible for a vastly larger share of the nation’s health care spending.
To achieve that, Sanders needs to boost a whole range of different taxes, including raising income taxes across the board, creating new 50 and 54 percent tax brackets for multimillion dollar earners, increasing the amount businesses pay as part of payroll taxes, and taxing capital gains as normal income, among other tweaks.
Look across all these tax plans, as the center-right Tax Foundation has done, and you find that the total cost to taxpayers would be around $1.4 trillion per year over the next 10 years.
Considering that federal taxes currently amount to about $3 trillion annually, this is a substantial jump.
Would everyone pay more?
On the tax side, yes. Just about everybody in the United States would pay higher taxes in a world where Bernie Sanders’ plans came to fruition, according to the Tax Foundation.
But there could be widespread savings, too. Those hefty college tuition bills, and the debt they leave behind, would disappear for lots of American families.
Not to mention all the money to be saved on doctor visits, medical tests, and insurance premiums. In its current form, Sanders’ universal health care proposal has no user fees at all, like copays or deductibles. That has prompted some pushback, including suggestions that eliminating these kinds of user fees would make the plan vastly more expensive than Sanders is estimating. And as with many of Sanders’ plans, there are practical questions, too, about whether supporters realize just how disruptive this change would be, or what would become of the entire health insurance industry, suddenly superfluous.
But in the end, the United States spends far more on health care than most every other advanced country, and there’s a fair bit of evidence that a single-payer system done right can drive down the cost of health care and ultimately save Americans money.
Would higher taxes hurt the economy?
There are a couple of ways to answer this question — and it does need answering, because higher taxes can dampen economic incentives, giving people less reason to work, invest, and innovate. By some estimates, Sanders’ plans push tax rates to the point that they might actually become counter-productive, forcing such dramatic changes in economic behavior that the high taxes end up generating less revenue than you could get from a slightly lower rate.
But when assessing the impact of a tax proposal, you also have to look at where the money would go. Wasting tax dollars is bad for everyone, but raising new revenue to invest in kids, schools, roads, and other vital areas can spur long-term economic benefits.
And some of Sanders’ plans seem to qualify as economy-strengthening. Free tuition should boost the skill level of workers; single-payer health care could shave health spending and free up money for other uses; and paid family leave has been shown to increase women’s participation in the workforce.
Separately, though, the Sanders campaign might well respond that concerns about the economic impact of his tax-and-spending plans are backwards. His backers would say the economy is already broken, and what’s needed (from their perspective) is a better-resourced, more involved government.
Would Sanders turn the US into Norway?
At the first Democratic debate of this primary season, Sanders spelled out his attachment to Scandinavian social welfare states, saying “we should look to countries like Denmark, like Sweden and Norway, and learn from what they have accomplished for their working people.”
By that standard, his tax plans actually fall short.
Of every dollar earned in Norway, about 39 cents goes to taxes. In Sweden, it’s 43 cents. In Denmark, 51. And in the United States, a relatively paltry 26.
Just to emphasize, the overall tax rate in Denmark is nearly twice as high as in the United States, when you factor in federal, state, and local taxes.
Should Bernie Sanders succeed in his political revolution — besting Hillary Clinton in the primaries, beating the Republicans in the general election, winning Congress over to his worldview, and passing his full array of campaign proposals — the United States will still trail all three Scandinavian countries in overall taxes.
In fact, a fully revolutionized, Bernie Sanders-led America would have tax rates that looked pretty average compared to most of Europe.
Taxes as a share of the economy51%45%43%39%36%34%33%33%31%27%26%DenmarkFranceSwedenNorwayGermanyUS (Sanders' plans)SpainUnited KingdomCanadaSwitzerlandUS (current)Source: OECD. Taxes vs. GDP
No!!!! It would be small business's that would be hurt the most. We can't even hire anymore people because of obamacare. Small business is the backbone of this country and it will decrease even more under sanders plan. Nothing is free and the money has to come out of somewhere and it won't be the mega rich.
No!!!! It would be small business's that would be hurt the most. We can't even hire anymore people because of obamacare. Small business is the backbone of this country and it will decrease even more under sanders plan. Nothing is free and the money has to come out of somewhere and it won't be the mega rich.
No, we can't. The article even points out how much taxes would have to increase.
Yes, but with no healthcare costs, and for young people, less of the student loan nightmare, it seems like it will even out.
And no, it isn't about free free free. It an investment in the youth of the country.
People here are always conplaining that young adults are slow to leave the nest. Well, with 100k of debt, and low level entry jobs to pay it off, how are we supposed to pay for health insurance, morgages, and the like? Who is supposed to give a young 20 something a lian to buy a house when they can barely afford the debt they already have?
And yes, closing loopholes and taxing the megarich osnone strategy that he is employing.
My parents ARE small business owners, and they are all for Bernie's plans. The middle class is disappearing, and Bernie is the only one that seems to notice, care, and want to fix it.
No, we can't. The article even points out how much taxes would have to increase.
Yes, but with no healthcare costs, and for young people, less of the student loan nightmare, it seems like it will even out.
And no, it isn't about free free free. It an investment in the youth of the country.
People here are always conplaining that young adults are slow to leave the nest. Well, with 100k of debt, and low level entry jobs to pay it off, how are we supposed to pay for health insurance, morgages, and the like? Who is supposed to give a young 20 something a lian to buy a house when they can barely afford the debt they already have?
And yes, closing loopholes and taxing the megarich osnone strategy that he is employing.
My parents ARE small business owners, and they are all for Bernie's plans. The middle class is disappearing, and Bernie is the only one that seems to notice, care, and want to fix it.
Seriously?
DD and her husband are 25. They own their own home, (actually selling it and up sizing), have healthcare for them and their 2 children. You grow the fvck up is what you do. You don't make everyone else pay for your stupidity...
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America guarantees equal opportunity, not equal outcome...
No, we can't. The article even points out how much taxes would have to increase.
Yes, but with no healthcare costs, and for young people, less of the student loan nightmare, it seems like it will even out.
And no, it isn't about free free free. It an investment in the youth of the country.
People here are always conplaining that young adults are slow to leave the nest. Well, with 100k of debt, and low level entry jobs to pay it off, how are we supposed to pay for health insurance, morgages, and the like? Who is supposed to give a young 20 something a lian to buy a house when they can barely afford the debt they already have?
And yes, closing loopholes and taxing the megarich osnone strategy that he is employing.
My parents ARE small business owners, and they are all for Bernie's plans. The middle class is disappearing, and Bernie is the only one that seems to notice, care, and want to fix it.
Except for those people that don't have those issues to deal with, healthy and don't need free tuition.
The YOUTH of the country can work for what they have like every generation before them.
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LawyerLady
I can explain it to you, but I can't understand it for you.
No, we can't. The article even points out how much taxes would have to increase.
Yes, but with no healthcare costs, and for young people, less of the student loan nightmare, it seems like it will even out.
And no, it isn't about free free free. It an investment in the youth of the country.
People here are always conplaining that young adults are slow to leave the nest. Well, with 100k of debt, and low level entry jobs to pay it off, how are we supposed to pay for health insurance, morgages, and the like? Who is supposed to give a young 20 something a lian to buy a house when they can barely afford the debt they already have?
And yes, closing loopholes and taxing the megarich osnone strategy that he is employing.
My parents ARE small business owners, and they are all for Bernie's plans. The middle class is disappearing, and Bernie is the only one that seems to notice, care, and want to fix it.
Why should my kids have to pay for everyone else's to go to college? My kids have health care--they WORK for it.
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I'm not arguing, I'm just explaining why I'm right.
Well, I could agree with you--but then we'd both be wrong.
Why not work on making health care and student loans more affordable? No one paid for my healthcare or college loans and I don't plan on paying for anyone elses' except my daughter's which is already paid for and my grandkids because I don't expect the rest of the country to pay for them.
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“Until I discovered cooking, I was never really interested in anything.” ― Julia Child ―
I worked my ass off and paid for my own college. I worked full time during school. Got rid of a tiny loan afterwards. I am not for everyone paying for the SS college. Work for it yourself. Sick of hearing about it.
Then they move home? Go rent a place with a few friends. Grow the F up.
I worked my ass off and paid for my own college. I worked full time during school. Got rid of a tiny loan afterwards. I am not for everyone paying for the SS college. Work for it yourself. Sick of hearing about it.
Then they move home? Go rent a place with a few friends. Grow the F up.
Exactly! I always had roommates when I was in my 20s. We ate a lot of Ramen, mac & cheese in the blue box & pasta with cheap jar sauce. At one point I worked 3 jobs. One full time that offered heath care & two part time that had other perks.
Seems we are going to need another tea party of sorts.
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A flock of flirting flamingos is pure, passionate, pink pandemonium-a frenetic flamingle-mangle-a discordant discotheque of delirious dancing, flamboyant feathers, and flamingo lingo.
No!!!! It would be small business's that would be hurt the most. We can't even hire anymore people because of obamacare. Small business is the backbone of this country and it will decrease even more under sanders plan. Nothing is free and the money has to come out of somewhere and it won't be the mega rich.
Totally agree!
I'm moving in with Welz if Bernie wins.
To the country that operates pretty much as Bernie is suggesting?
Why would you do that?
It's like saying "It's too cold here in Boston, so I'm moving to Alaska!"
Don't get me wrong; you're more than welcome, but to escape Bernie's "socialism" by moving to a country that's already "socialist" doesn't make a whole lot of sense.
No!!!! It would be small business's that would be hurt the most. We can't even hire anymore people because of obamacare. Small business is the backbone of this country and it will decrease even more under sanders plan. Nothing is free and the money has to come out of somewhere and it won't be the mega rich.
Totally agree!
I'm moving in with Welz if Bernie wins.
To the country that operates pretty much as Bernie is suggesting?
Why would you do that?
It's like saying "It's too cold here in Boston, so I'm moving to Alaska!"
Don't get me wrong; you're more than welcome, but to escape Bernie's "socialism" by moving to a country that's already "socialist" doesn't make a whole lot of sense.
Bring the cats.
Because your system was implemented a long time ago & seems to be working smoothly. Our system is just too broken now to try to implement it. And our country has a lot more relying on hand outs than yours that I am aware of.
Haven't people been saying "Our system is too broken to implement universal healthcare right now" for the last half century?
If not now, when?
But sure, come on up! You, me and Flan could be roomies,
No, we can't. The article even points out how much taxes would have to increase.
Yes, but with no healthcare costs, and for young people, less of the student loan nightmare, it seems like it will even out.
And no, it isn't about free free free. It an investment in the youth of the country.
People here are always conplaining that young adults are slow to leave the nest. Well, with 100k of debt, and low level entry jobs to pay it off, how are we supposed to pay for health insurance, morgages, and the like? Who is supposed to give a young 20 something a lian to buy a house when they can barely afford the debt they already have?
And yes, closing loopholes and taxing the megarich osnone strategy that he is employing.
My parents ARE small business owners, and they are all for Bernie's plans. The middle class is disappearing, and Bernie is the only one that seems to notice, care, and want to fix it.
Seriously?
DD and her husband are 25. They own their own home, (actually selling it and up sizing), have healthcare for them and their 2 children. You grow the fvck up is what you do. You don't make everyone else pay for your stupidity...
Both of my kids went to college 1 twice own homes and land, jobs with health insurance no college loans all before they turned 28. My husband worked to put himself thru college. He lived off campus and didn't participate in the party scene.. What school loans he had he payed back before he was 30. I take that back. My dd did have a college loan but her college lowered her tuition since she became a resident so she cancelled her loan. Both my son and dd said a lot of kids used their loans to buy gaming supplies and other things besides school.
Also through my husband's business he was wanting to provide jobs for our community and now by doing so because of "obamacare" he will lose money and even though he would love to hire more but it is no way economical for our company. Maybe a mom and pop who don't want to grow sanders might work but not for companies like my husbands. Also our employees who got the obamacare now all regret it.
Can America afford Sanders’ big plans?
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in a word, no--ridiculous to compare us to countries with a tenth ( or less ) of our population--sanders ( and other utopian dems ) simply don't or won't acknowledge the scale and cost in a country this size--of course, the ones in our country who are and have been for decades just sitting on their arses and collecting checks will be all for it--no more insurance costs for us, no more tuition costs for us, subsidized housing, hell, we don't even have to be actively LOOKING for a job to collect unemployment--just gather round and grab your check--and unfortunately, these people get to vote and in very large numbers
just as an aside, obamacare LOST over $750m in benefits paid to and for illegal immigrants in the last 21 months with near zero prospects for EVER recovering ANY of the $$$
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" the only thing necessary for the triumph of evil is for good men to do nothing. "--edmund burke
Can America afford Sanders’ big plans? _____________________________
in a word, no--ridiculous to compare us to countries with a tenth ( or less ) of our population--sanders ( and other utopian dems ) simply don't or won't acknowledge the scale and cost in a country this size--of course, the ones in our country who are and have been for decades just sitting on their arses and collecting checks will be all for it--no more insurance costs for us, no more tuition costs for us, subsidized housing, hell, we don't even have to be actively LOOKING for a job to collect unemployment--just gather round and grab your check--and unfortunately, these people get to vote and in very large numbers
just as an aside, obamacare LOST over $750m in benefits paid to and for illegal immigrants in the last 21 months with near zero prospects for EVER recovering ANY of the $$$
Wouldn't you also have ten times more people paying into the system?
Socialized medicine could probably be paid for, if the Government got out of all the other expensive crap it's not even supposed to be in. Other than that, I agree that there's no way we can afford Bernie's ideas.
Haven't people been saying "Our system is too broken to implement universal healthcare right now" for the last half century? If not now, when? But sure, come on up! You, me and Flan could be roomies,
I support Sanders, but I'd love to come for a visit.
Just yesterday, some here said that "change is the spice of life..."
flan
-- Edited by flan327 on Saturday 13th of February 2016 02:06:01 PM
We need to stop the madness of overseas businesses. We need to close our freaking borders . You want to do business with our country then build your factories here. People can't grow the F up and get a job when there arent any.
We need to stop the madness of overseas businesses. We need to close our freaking borders . You want to do business with our country then build your factories here. People can't grow the F up and get a job when there arent any.
Our state is losing 100+ jobs because the company is moving to Mexico.
We need to stop the madness of overseas businesses. We need to close our freaking borders . You want to do business with our country then build your factories here. People can't grow the F up and get a job when there arent any.
There are jobs. They just don't want the jobs that are available--they require WORK.
The trucking industry is desperate with healthy drivers who have clean driving records. Our meat packing plans are full of foreign workers--both legal and illegal--because that is what the labor pool consists of. American workers don't even apply for those jobs. The list goes on and on. Anything that requires some physical labor, by and large those jobs go to Mexicans and other foreign workers. Not because they are better at it, or companies intentionally seek them out--but because they are the only one who even apply for such jobs.
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I'm not arguing, I'm just explaining why I'm right.
Well, I could agree with you--but then we'd both be wrong.
Go around places and look, really look, at whi is doing the work. The people carrying buckets and leading horses at the racetrack aren't white. The people mopping floors and folding towels aren't white. The people picking your vegtables and poisoning their homes with harsh pesticides aren't white.
Sure, deport every single illegal immigrant, jail them up, arrest them.
But be aware how thoroughly they are imbedded in your life first. And how EXPENSIVE everything will become after.
Really? The people serving up your fast food are white? The people cashing you out at the grocery store are white. Lots of white people moppoing floors and folding towels. One of our local industries washes hospital linens. Mostly white, so blah, blah.
But, answer me this? How can Dems be FOR raising the minimum wage in one breath and then in the other say we need MORE people to work at substandard wages? Those industries would function like all other industries if they DIDN"T have the option to hire illegals. They would have to raise the pay or offer some benefits or whatever to attract white workers if what you say is really true. So, how could that then be a bad thing? Wow. You guys have some really schizophrenic notions of policy.
And, I am not going to listen to that bullschit of "doing the job Americans won't do". There aren't any jobs that Americans won't do. But, then again, apparently you want to import a Subclass group of subclass human beings to get subclass wages to pick your lettuce and work in your hotels. I think we call that Racism.
And, I am not going to listen to that bullschit of "doing the job Americans won't do". There aren't any jobs that Americans won't do. But, then again, apparently you want to import a Subclass group of subclass human beings to get subclass wages to pick your lettuce and work in your hotels. I think we call that Racism.
Bull. Try looking for workers to cut meat--Americans don't even apply.
They are good jobs with decent starting pay and full benefits.
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I'm not arguing, I'm just explaining why I'm right.
Well, I could agree with you--but then we'd both be wrong.
And, I am not going to listen to that bullschit of "doing the job Americans won't do". There aren't any jobs that Americans won't do. But, then again, apparently you want to import a Subclass group of subclass human beings to get subclass wages to pick your lettuce and work in your hotels. I think we call that Racism.
Bull. Try looking for workers to cut meat--Americans don't even apply.
They are good jobs with decent starting pay and full benefits.
My butcher is white.
The slaughter house here is owned and operated by white people.
The delivery guy is Hispanic.
The carpet mills here have a pretty good mix.
That wasnt the case just 20 years ago.
Before the carpet mills started shutting down.
A large portion of our Hispanic population moved on.
So much so that one of our catholic churches closed completely.
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A flock of flirting flamingos is pure, passionate, pink pandemonium-a frenetic flamingle-mangle-a discordant discotheque of delirious dancing, flamboyant feathers, and flamingo lingo.
A good college education doesn't have to cost 100K, Dona. And if one can't afford all the tuition they can work full time and go to school part time and pay for the courses as they take them. That is what I did. Walked out with an accounting degree, graduated with honors, and no debt.
And remember, if college is free, all that means is the government run colleges would be "free". Not the private ones. I don't have the time to even explain to you what that would do to degrade the level of education provided at state colleges.
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Sometimes you're the windshield, and sometimes you're the bug.
A good college education doesn't have to cost 100K, Dona. And if one can't afford all the tuition they can work full time and go to school part time and pay for the courses as they take them. That is what I did. Walked out with an accounting degree, graduated with honors, and no debt.
And remember, if college is free, all that means is the government run colleges would be "free". Not the private ones. I don't have the time to even explain to you what that would do to degrade the level of education provided at state colleges.
We also need to get over pushing everyone into college. The reason a college degree is now Like a HS diploma is because it is of little value in the workplace anymore! A lot of degrees could easily be 2 yr degrees but colleges are big sucking businesses. So, why not make someone go for 4 yrs instead even though 2 years would do? We need more trade and technical education and a lot less liberal arts. Some of the majors that our local colleges and universities offer are totally USELESS degrees to Nowhere and they fill these kid's heads and the heads of naive parents with a lot of bull crap while bringing out the dog and pony show of their "prestigious" university. We should go back to having apprentices, technical education, certification courses, etc.
But, then again, Dems and Repo Rinos have allowed the businesses to all go over seas. There is very little we make here so the only real skills one needs in the Obamaconomy is to say "Do you want fries with that".
A good college education doesn't have to cost 100K, Dona. And if one can't afford all the tuition they can work full time and go to school part time and pay for the courses as they take them. That is what I did. Walked out with an accounting degree, graduated with honors, and no debt.
And remember, if college is free, all that means is the government run colleges would be "free". Not the private ones. I don't have the time to even explain to you what that would do to degrade the level of education provided at state colleges.
We also need to get over pushing everyone into college. The reason a college degree is now Like a HS diploma is because it is of little value in the workplace anymore! A lot of degrees could easily be 2 yr degrees but colleges are big sucking businesses. So, why not make someone go for 4 yrs instead even though 2 years would do? We need more trade and technical education and a lot less liberal arts. Some of the majors that our local colleges and universities offer are totally USELESS degrees to Nowhere and they fill these kid's heads and the heads of naive parents with a lot of bull crap while bringing out the dog and pony show of their "prestigious" university. We should go back to having apprentices, technical education, certification courses, etc.
But, then again, Dems and Repo Rinos have allowed the businesses to all go over seas. There is very little we make here so the only real skills one needs in the Obamaconomy is to say "Do you want fries with that".
Kids really need to think long and hard about technical schools. An AS in computer science coupled with an electrician's license is worth a lot more than most degrees and at a fraction of the price.
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Sometimes you're the windshield, and sometimes you're the bug.
A lot of kids who are not cut out for 4 yrs of college are pushed into it. Then, they flunk out, have no degree and start out their lives with a mountain of debt. What are we doing? And, times have changed. Kids have vast amounts of knowledge about all kinds of things that they didn't before. We have a world of literature, art and everything at our fingertips. Yeah, most people are going to google the Kardashians and play Candy Crush, but the availability is there. And, while it would be nice to have kids know about Art History, I would rather they have actua world skills like being able to change a tire and have honest to God skills at something.
BTW, my son will graduate in June with an AS from a local tech school in Maintenance Electricity and Construction Technology.
Personally, I paid my way as well. Worked full-time, went to school part-time. And my debts were only $30k when it was all said and done. And I did have some help from the parents, in purchasing my home. After a year I re-financed, paid off all my debts, including my student loans.
It can be done. But you need to work hard. Not work hard so that you can pay for other's laziness.
And, i think that if more people were paying their own way, then prices would go down. If parents stopped mortgaging their homes and their retirement income for this phony dream, then maybe costs would adjust and schools would be forced to live in reality and the way schools are run would change. The way these programs are run are extremely inefficient.
At my son's tech school, he goes every day from 8 to 230pm with a lunch break and study time. It is 5 days a week like a job. They take attendance and that attendance is part of their record for employers. Under this system, my son is doing extremely well. I don't think he would fare as well in a traditional college where you have a class then 3 hours of no classes, then another class and long semester breaks, etc. The goal of college is to impart information. I personally dont' think the traditional college model is all that effective anymore.
If the tuition is paid by the government, then those Christian colleges would no longer be able to have Christian based education.
They would become just like the public high schools.
So it would remove a right in favor of a privilege.
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A flock of flirting flamingos is pure, passionate, pink pandemonium-a frenetic flamingle-mangle-a discordant discotheque of delirious dancing, flamboyant feathers, and flamingo lingo.