Wednesday, 25 April 2018

The Scent of Taxation

I sat and looked over the Democratic commentary today of things they intend to offer in 2020, to get the massive vote.

The Bernie Sanders chat?   He says there has to be a mandatory $15-an-hour job setting, with complete health-care benefits to every single to every single American who needs it.  Then in a curious way, he hinted that no one has done a real cost estimate on this idea.

The Senator Gillibrand idea?  She wants jobs guarantees for people.  You'd get something, even if no real job existed.  Again, I real cost estimate on this.

The Senator Cory Booker idea?  A Federal Jobs Guarantee Development Act.....where fifteen areas (he didn't say it but I would assume they'd have to be large urbanized areas).....where you would be guaranteed a job.

The Andrew Yang (entrepreneur and a Democratic presidential hopeful) plan?  He wants a $1,000 a month for all citizens between the ages of 18 and 64 as part of a universal basic income program.  Naturally, he had no cost estimate over this.

The amusing thing is if you added all of these up and passed would likely get into the fifty to one-hundred billion level, and require most everyone to pay at least $5,000 more a year on taxes (at least those making $75k or more a year).

Selling all of this to blue-state middle-class Democrats?  I would suggest that they will sit there amused, and laughing over the various offers of money. 

My thoughts would be that you really need to have the Democratic Party sit down in some meeting and write up two or three great ideas with minimal cost, and hype those for the 2018 election and later for the 2020 Presidential election.  The taxation required here?  Just way out beyond reality.

No comments: