Friday, January 22, 2016

The Bernie Sanders Debunk Part I

   

     Before I get into this I realize that there are many rabid Bernie Sanders supporters out there. I also realize that more than likely I will be receiving lots of hate mail. Eh, no matter. It never has bothered me to receive any sort of hate mail. I actually take them as complements.
     My post from now until finished will be on issues from Senator Bernie Sander's website www.berniesanders.com I will take apart each of his issues and examine them with current policies from today. If I actually agree with one of his views I will make a statement just as I will make a statement if I disagree with one. So without further ado let us begin.


Issue #1

Income and Wealth Inequality

AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY:

1. Demanding that the wealthy and large corporations pay their fair share in taxes. As president, Sen. Sanders will stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. He will create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. He will also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings.

The United States has the highest corporate income rate at 39.1 percent. The reasons corporations open accounts overseas is to lessen the burden of the already crippling tax rate. If you lower the 39.1 percent tax rate to something that makes sense companies will most certainly come back to growing employment in the United States. (Tax Foundation)

2. Increasing the federal minimum wage from $7.25 to $15 an hour by 2020. In the year 2015, no one who works 40 hours a week should be living in poverty.

If you hike the minimum wage then you risk inflation to the point where your new wage hike is the new minimum. According to statista.com inflation by 2020 will be to the point where the inflation rate will grow slowly. With 2 to 3 percent on average. Hike 15 dollar minimums and inflation will go from 2 to 3 percent to 10 to 20 percent averages.

3. Putting at least 13 million Americans to work by investing $1 trillion over five years towards rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs.

That is already occurring with the new infrastructure bill. (www.theatlantic.com) Also it should be a State and local responsibility to address these issues as any continued Federal spending will put us deeper in debt.

4. Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries.

I agree with his assessment.

5. Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder.

Many teens today are either unmotivated to work or have little desire to start working from the bottom up. It isn't an issue of job creation it is an issue of encouraging teens to work for an honest wage and for them to realize they have to work for things in life.

6. Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns.

Many companies pay their women employees the same as their male counterparts. However some companies do not. The Government especially does not pay their female employees the same as their male counterparts. However what Bernie leaves out is this was enacted in 1963. What we need to do is follow the law already in place.

ADDITIONAL PROVISIONS OF EQUAL PAY ACT OF 1963

An Act

To prohibit discrimination on account of sex in the payment of wages by employers engaged in commerce or in the production of goods for commerce. http://www.eeoc.gov/

7. Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income.

You have to hike taxes higher to make this happen. The timeless question of where is the money going to come from? We are in debt enough as it is. There are many government tuition assistance programs out there that many people are unaware of. Also you can go to a Community College or local State College as a cheaper alternative before you dive into a prestigious University.

8.Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect.

Again where will the money come from? You will have to either defund other programs or take considerable more social security withholdings from the current work force. There by spreading the wealth.


9.Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all.

Government run healthcare fails, especially when it comes to a large population such as ours. The Veteran Affairs medical facilities are in shambles, the care is horrible, wait times are horrendous. It is the same story with Native American government medical programs. On top of that again where is the money going to come from? The UK model that Sanders is talking about is currently failing. It has slowly failed for many years. www.bbc.co.uk


10. Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill.

Most companies have programs like this in place. Requiring them into a program with this much time off will cause halts on employment growth and for many companies these plans are unsustainable for their workforce and budget.

11.Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-3. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program.

Again where is the money going to come from? Will these be government run childcare and pre-K programs under the Department of Education? 

12. Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined.

This is completely false. Unions are a slowly dying breed based on socialist systems. The best example is Social Security. You pay into your union expecting to get a nice pension. However many have left unions because all companies offer retirement plans through IRAs or 401k's that give you the best benefits for retirement. There by the ones working now are unable to collect many of their pensions because no one is joining and paying into it today. The Equal Opportunity Employment Act makes the reason for unions obsolete. 

13. Breaking up huge financial institutions so that they are no longer too big to fail. Seven years ago, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. Sen. Sanders has introduced legislation to break these banks up. As president, he will fight to sign this legislation into law.

A free market economy fixes itself. I agree to some points on this issue. If you let the big businesses fail another will rise up and take it's place. We should have never bailed out any businesses in 2008 and 2009 because that just prolonged the economy to bounce back. We do not need legislation though. Government should have enough commonsense not to do this at all.

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