Feb 12, 201611:43 AMBlaska's Bring It!
with David Blaska
Is Bernie a communist, a demagogue, a race-baiter, or all three?
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Some penciled notes from the Democratic presidential debate in Milwaukee Thursday night:
• I like Bernie for the same reason I like the Trumpster. They’re entertaining. But then, demagogues are.
• Bernie likes to say the system is rigged, big corporate money is drowning out the voice of “the people,” and the electoral system is corrupt. But his candidacy seems to be doing all right just the same.
• After the most activist president in 70 years, Bernie wants to double down on still more government.
• If the Obama economy is gangbusters, how can his former secretary of state say, as she did last night, “A lot of Americans are angry about the economy, and with good cause.”
Even bigger gummint — Kudos to PBS, of all news outlets, for pushing Bernie on growing the government in the face of growing distrust — disgust, even — at government over-reach. Co-moderator Judy Woodruff put the federal government’s claim on the total economy at 21%. How much would you grow the government? Bernie went duck and cover so Hillary answered for him: 40%. (That should thrill Bring It’s anonymous faux business commenters.)
Single payer, if you haven’t caught on by now, is a pseudonym for socialized medicine. Bernie calls it “Medicare for All.” As the Policy Research Werkes noted earlier this week, even all-Democratic Vermont — Bernie’s state — says it can’t afford it. Kudos to Hillary for noting, “We are not England; we are not France.” (She forgot the underpants.)
“The numbers don’t add up,” she says of Bernie. Not the most inspiring of messages, to be sure. (Texting Bernie Madoff!) But give her credit. “We should level with the American people about what we can do and what we cannot do.” Eat your oatmeal.
Bernie would tax “speculation” — That’s how he pays for Free College for Everyone. A complete scam.
Credit: Tim Donovan
What is “speculation?” The Bernie-to-American English Dictionary says it is another word for “investment.” Bernie would impose a 50-cent tax on every $100 of stock trades, 10 cents per $100 on bonds. Folks, that’s your IRA mutual fund. That’s the IPO for the next Apple or Google.
The Tax Foundation describes Bernie’s proposed tax as, in effect, a Ponzi scheme. “It … results in ‘pyramiding’ by taxing the same economic activity multiple times.” And yes, it’s been tried before. Sweden tried it in the 1980s. It wound up reducing revenue.
Citing the Tax Foundation, as down-the-middle, non-partisan an organization as they come, The Street said the upshot of Bernie’s tax-and-spend plans, “is that most people will have less money in their pocket. After-tax income would drop by 10.6% for all taxpayers and 17.9% for those in the top 1%. Accounting for a lower GDP, the Tax Foundation says all taxpayers would see their take-home pay fall by at least 12.8%.”