switch-up-snowfox
asked:
bernie's economics's policies are shaky enough that i wouldn't want him to be POTUS anyway even if he was right about the global warming thing. basically his strategies are basically "tax the shit out of the rich" off the logic that the rich don't pay enough taxes anyway.

Looking at tax brackets over the last 100 years, the rich don’t pay enough.  People who tend to complain that taxes are too high now are those that ended up growing up when the higher income citizens were in tax brackets that were taxed upwards of 70%.  Those rates were slashed by the Reagan era cuts spurred by the Reagonomic economic model that is often and rightly blamed for a lot of the current wealth distribution issues.

Right now the absolute highest tax rate is 39.6%, and that only affects individuals making more than $400,000 each year.  Historically that’s really low, and affecting a lot of people.  Why is it so ridiculous to ask the mega-millionaires or billionaires to pay a higher tax rate when their income makes it absurdly unlikely that said higher taxes would have a negative affect on their lifestyle?

Bernie’s economic (and other) policies have been mirrored or inspired by similar models that have worked very well in a number of foreign countries, as well as his own experience in Congress where he’s been in place since 1991, with 16 years in the House and 8 years in the senate, and are a hell of a lot more sane than the plans of some other candidates.  Take a look at Trump’s model that would have eliminated the estate tax, lowered the highest tax rate to 25% and cost the country trillions within a few years.