Crazy Commie Bernie Sanders Plans Huge New Tax Increases, Massive Lawsuits, Military Cuts, Tax on Savings

18

Bernie Sanders reveals ‘major plans’ to be funded by new taxes, massive lawsuits, military cuts.

Bernie Sanders reveals ‘major plans’ to be funded by new taxes, massive lawsuits, military cuts

Bernie Sanders unexpectedly released a fact-sheet Monday night explaining that he’d pay for his sweeping new government programs through new taxes and massive lawsuits, as well as by slashing spending on the military, among other methods.

By: FOX News, February 25, 2020:

Story continues below advertisement

Bernie Sanders unexpectedly released a fact-sheet Monday night explaining that he’d pay for his sweeping new government programs through new taxes and massive lawsuits against the fossil fuel industry, as well as by slashing spending on the military, among other methods.

The move sought to head off complaints from Republicans and some rival Democrats that his plans were economically unrealistic, especially after a head-turning CBS News interview in which the frustrated Vermont senator said he couldn’t “rattle off to you every nickel and every dime” about his proposed expenditures.

He released his plan on his website just minutes after promising to do so during a CNN town hall.

However, the fact-sheet highlighted for the first time that many of Sanders’ expected cost-saving measures relied on conjecture and best-case scenarios. For example, Sanders’ document asserts that a “modest tax on Wall Street speculation … will raise an estimated $2.4 trillion over ten years” and, in one fell swoop, make all “public colleges, universities and trade schools tuition-free … and cancel all student debt over the next decade.”

The proposal specifically would place a “0.5 percent tax on stock trades – 50 cents on every $100 of stock – a 0.1 percent fee on bond trades, and a 0.005 percent fee on derivative trades.”

The National Review has likened a tax on so-called “Wall Street speculation” to a de facto tax on savings, saying the Sanders plan is untested and “would mean paying $25 to the federal government every time you traded $5,000 worth of stock — or five times what you’d pay the typical online brokerage in fees. … Over the long term, that imposes serious costs on actively traded funds such as the ones containing many Americans’ retirement funds.”

Meanwhile, housing for everyone would cost $2.5 trillion over ten years, and would be paid entirely by a “wealth tax on the top one-tenth of one percent,” raising a total of $4.35 trillion, according to Sanders’ fact-sheet. Similarly, “universal childcare and pre-school to every family in America” would be provided with a wealth tax on the “top 0.1 percent,” again raising more than $4 trillion. The taxes would target wealthy individuals’ “net worth,” not simply their income.

Sanders’ plan did not discuss the possible stock market ramificiations of a major seizure of some of this wealth, much of which is held in markets and other investments. The plan also did not discuss how the government would be able to reliably obtain the money even assuming the assets held their value, given that many investments could quickly be liquidated or transferred elsewhere before his administration took office.

Instead, Sanders’ proposal said only that it would eventually establish a “national wealth registry and significant additional third party reporting requirements,” buff up IRS funding and, and “include enhancements to the international tax enforcement.”

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding. Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.

Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

Follow Pamela Geller on Gettr. I am there. click here.

Follow Pamela Geller on
Trump's social media platform, Truth Social. It's open and free.

Remember, YOU make the work possible. If you can, please contribute to Geller Report.

Join The Conversation. Leave a Comment.

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the - symbol under the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.

If you would like to join the conversation, but don't have an account, you can sign up for one right here.

If you are having problems leaving a comment, it's likely because you are using an ad blocker, something that break ads, of course, but also breaks the comments section of our site. If you are using an ad blocker, and would like to share your thoughts, please disable your ad blocker. We look forward to seeing your comments below.

0 0 votes
Article Rating
18 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago

Crazy Commie Bernie Sanders Plans Huge New Tax Increases, Massive Lawsuits, Military Cuts, Tax on Savings ….. and Bernie is going to have PLENTY OF HELP !!
comment image

AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago

comment image

AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago

comment image

patd
patd
4 years ago

Can’t fix STUPID!

AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago
Reply to  patd

Sadly, a bullet to the back of the head DOES CURE STUPID !!comment image

patd
patd
4 years ago

I do love that cure!!!

DemocracyRules
DemocracyRules
4 years ago

The Democrats are self-destructing. While they plow ahead, their candidates are a zoo, that few people will vote for. And a that’s a good thing, because the zoo is all dangerous. One can speculate about why they are a zoo, but they certainly cannot make the USA a better place. They are 100% tyrant culture, grabbing al the power and money form themselves, and seeking to subjugate the citizenry, like Detroit.

TomSJr
TomSJr
4 years ago

The Spider (SOCIALISM/COMMUNISM) and the Fly (PEOPLE)
A Fable by Mary Howitt (1799-1888)

“Will you walk into my parlor?” said the spider to the fly;
“’Tis the prettiest little parlor that ever you did spy.
The way into my parlor is up a winding stair,
And I have many pretty things to show when you are there.”
“O no, no,” said the little fly, “to ask me is in vain,
For who goes up your winding stair can ne’er come down again.”

“I’m sure you must be weary, dear, with soaring up so high;
Will you rest upon my little bed?” said the spider to the fly.
“There are pretty curtains drawn around, the sheets are fine and thin,
And if you like to rest awhile, I’ll snugly tuck you in.”
“O no, no,” said the little fly, “for I’ve often heard it said,
They never, never wake again, who sleep upon your bed.”

Said the cunning spider to the fly, “Dear friend, what shall I do,
To prove the warm affection I’ve always felt for you?
I have within my pantry good store of all that’s nice;
I’m sure you’re very welcome; will you please to take a slice?”

“O no, no,” said the little fly, “kind sir, that cannot be;
I’ve heard what’s in your pantry, and I do not wish to see.”
“Sweet creature!” said the spider, “You’re witty and you’re wise!
How handsome are your gauzy wings, how brilliant are your eyes!

I have a little looking-glass upon my parlor shelf,
If you’ll step in one moment, dear, you shall behold yourself.”
“I thank you, gentle sir,” she said, “for what you’re pleased to say,
And bidding you good-morning now, I’ll call another day.”

The spider turned him round about, and went into his den,
For well he knew the silly fly would soon be back again:
So he wove a subtle web, in a little corner sly,
And set his table ready to dine upon the fly.

Then he came out to his door again, and merrily did sing
“Come hither, hither, pretty fly, with the pearl and silver wing:
Your robes are green and purple; there’s a crest upon your head;
Your eyes are like the diamond bright, but mine are dull as lead.”

Alas, alas! how very soon this silly little fly,
Hearing his wily flattering words, came slowly flitting by.
With buzzing wings she hung aloft, then near and nearer drew
Thinking only of her brilliant eyes, and green and purple hue;

Thinking only of her crested head — poor foolish thing! At last,
Up jumped the cunning spider, and fiercely held her fast.
He dragged her up his winding stair, into his dismal den,
Within his little parlor; but she ne’er came out again!

And now, dear little children, who may this story read,
To idle, silly, flattering words, I pray you ne’er give heed;
Unto an evil counselor close heart, and ear, and eye,
And take a lesson from this tale of the Spider and the Fly.

felix1999
felix1999
4 years ago

Clinton signals she’d support former rival Sanders if he’s nominated
By Adam Shaw | Fox News 2/25/20
https://www.foxnews.com/politics/clinton-signals-shed-support-former-rival-sanders-if-hes-nominated

She may run as his VP. Forget denials. She is a pathological liar. She would claim they begged her to be his running mate and just had to do it for the country, even though she didn’t want to do it. What better way to be President? Bernie does have health issues…What’s one more dead body to a Clinton? Look at what she has gotten away with and still covered up, right AG Barr.

Jay Wizzy
Jay Wizzy
4 years ago

The American government & governments of the world are not perfect.
But we must steadily work to achieve perfection.
We must achieve the liberation of African slaves from Saudi Arabia to Mauritania, global declitorization-prevention, global liberation of people who reject the unjust Muhammadist dogma (see Wikiislam.net), global healthy diet, health, global ecological best-quality basics cultivation, global voluntarization & automatization of work, global support for self-realization, certifying English US as global official language & as only mandatory language in schools in non-English-speaking countries, global ecological reassessment & according reevaluation of food, oceans, water, air & earth-resources, global ecological nutrition-based not profit based grass-fed & cage-free farming, global non-GMO, global ban on pesticides, global ban on plastic-, mercury-& other chemicals disposal in oceans, global ban on forced labor, global ban on estrogen-injections into cows, global ban on PFAS production such as known from fleece-materials, Goretex, teflon & other materials, global ban of fluoride/PFAS/mercury/pesticides & other toxins in tap-water, global ban on unhealthy additives in food such as sugar/estrogen/sweeteners & such, global ban on tobacco smoking-street-walking.
Make the WORLD FREE AGAIN &
Make Africa Free Again.

MuhamMUDTheFakeProphet
MuhamMUDTheFakeProphet
4 years ago
Reply to  Jay Wizzy

“certifying English US as global official language & as only mandatory language in schools in non-English-speaking countries”. Why? Do you want to expand the potential audience for rap and hip-hop?

Grace Joy
Grace Joy
4 years ago
Reply to  Jay Wizzy

You’re too late. The United Nations already has the details ironed out. It’s called the Green New Deal. Hope you don’t mind that the globalists have chosen Islam as the One World Religion. Click “SDGs” at the top to see the 17 goals. Don’t forget that “equality” always leads back to Islam, which is always the largest minority anywhere; & thus deserving of making the rules.

https://sustainabledevelopment.un.org/index.php?page=view&type=400&nr=670&menu=1515

Leonard Payne
Leonard Payne
4 years ago
Reply to  Grace Joy

Blue Helmets make good targets!

patd
patd
4 years ago

First off…there is never a communist in history that will decrease the military! They all use the military to enforce their dictatorship rule!

ed
ed
4 years ago

If you look up “Bat Sh!t Crazy” in the dictionary, it says see “Sanders, Bernie”.

Drew the Infidel
Drew the Infidel
4 years ago

If I wanted to live like a Venezuelan, that’s where I would move. Hey Bernie, got U-Haul on speed dial?

John Acord
John Acord
4 years ago

If Bernie and his goons control the government after January next year don’t worry about taxes. They will simply confiscate your property and stand you against the wall if you oppose them.That’s is what Communists do every time they take over a nation.

Leonard Payne
Leonard Payne
4 years ago

Sanders is an OPENLY AVOWED ENEMY OF THIS REPUBLIC and MUST be dealt with accordingly.

Sponsored
Geller Report
Thanks for sharing!