Top Economist, Gerald Friedman, Says Bernie’s Plan will not only work, but will actually save the US $5 trillion over ten years. Because of the savings, it is possible to fund over $4.5 trillion in additional services.
Sanders plans to pay for this through the American Health Security Act. Under this bill, various new taxes would be imposed, including: a 6.7 percent employer payroll tax, a 5.4 percent tax on high-income individuals, a .02 percent tax on securities transactions, and a progressive tax on individuals making between $200,000 to $600,000 a year.
Sanders plans to pay for this through the College for All Act. Aptly named, but what are the specifics? Well, for one, there’s going to be several taxes on Wall Street speculation- .5 percent on investment houses, hedge funds, and stock trades, .01 percent on bonds, and .005 percent fee on derivatives.
These numbers may sound small, but they will procure billions of dollars in funds for Bernie’s tuition free college.
The Climate Protection Act would do two things- impose a carbon tax on greenhouse gas emitters, as well as pump millions of funds into clean energy technologies. The Super Pollutants Act would financially go after corporations that deliberately pollute the environment and get away with it. And finally the Sustainable Energy Act continues many of the policies set forth in the Climate Protection Act, including providing funds for a billion dollars to transition workers into their new jobs and tripling the budget of the Advanced Research Projects Agency-Energy (ARPA-E), a government agency that develops advanced energy technologies.
The carbon tax imposed by these pieces of legislation would be more than enough to provide the funds for these initiatives, with the specifics being a $20 carbon tax per ton of carbon emissions that will rise by 5.6 percent over the course of 10 years.
So as you can see, all the whining on the Right is just that- whining that Sanders actually has legitimate plans for the betterment of the United States, while the lot of them are stuck on deciding whether or not we need to build a freaking wall around the country.
Bernie has explained how he plans to pay for each and every policy proposed . He also released his proposed income tax, which doesn't change if your income is under $250,000.
How would you respond to someone saying "We don’t have the money to pay for everything Bernie wants"?