Hill and Bern's tax proposals

            Let us pause now and consider how crazy Bernie is and how pandering Clinton can be to the Democratic base.  Ah, the base.  Contrary to media narrative, the number of conservatives hasn’t changed in 30 years—but the number calling themselves Libs has increased by 8% (as their shame in the Reagan Revolution wore off)  and they have gotten bold.  1992 was 39% conservatives, 42% moderates, 16% liberals.  By 2000 this was 38% C, 38% M, 20% L.  By 2016 it is now 39% C, 37% M, and 24% L.  So moderates have been somewhat replaced by liberals.  Thus the Dem base is now much more liberal than in the Clinton era.  You knew this.  I thought I would just give the statistics.

            So Bernie wants to increase payroll tax by .2% and your employer increases his contribution by 6.2%, max income tax rate goes to 52%, and we all get a wonderful financial transactions tax.  What’s a financial transactions tax?  Glad you asked.  It is a 1% tax on all transactions.  So you write a check and Uncle Sugar gets a percent.  Transfer some of your life savings from a savings account at the bank to an annuity and you give Uncle another percent.  Have a garage sale and welcome to filling out paperwork to turn in another one percent.  This raises almost as much as income tax each year, so think of it as a doubling of your taxes--and it's regressive!  But of course, if you make real money you get 52% max rate.  Did I also mention that Bernie burns you with a new confiscatory estate tax that kicks in at $3 million.  I guess if you have that much you either don’t care or you have a trust or a Panama bank account.

            Now Hillary just wants a 4% increase in max tax to 44%.  She also has a transactions tax but limits it to equity trading.  Anybody who shows a lot of income has to pay minmum 30% and has deductions taken away.  And a doubled capital gains treatment thresholds from one year to six years out.

            I want to monitor their next debate.  I’ll ask this question, “So exactly how much is a fair share and you can’t answer ‘more’”? 

            You don’t think Panama will build a wall to keep gringos out, will they?  “Hey Bernie, there’s free cheese in a mousetrap too.”

            Democrats: a bunch or rich people telling poor people to vote for selfsame rich people and blame the other rich people.  But they hate greed and Hillary charges $640,000 a speech.

            If Americans were poor they’d vote Dem; if rich, they’d vote Republican.  Which kinda explains the Democratic economic strategy. 

            A socialist is someone who walks into a Walmart or a supermarket and says, “I Hate capitalism.”