Bernie believes in free health care for all completely sponsored by Federal and State governments. He believes in endless unemployment benefits. He believes in free college tuition. He believes in relieving all student loan debt. I’ll leave it at this but the bottom line is he believes that government is the answer to all social issues.
The question has always been how is he going to pay for it? I’ve researched this issue for several months and a large majority of analysts say that he can’t based on what he says he’s going to do. His tax plan doesn’t pan out. There aren’t enough people at the top that he can increase income taxes on to pay for his additional spending (even if he taxed them at 90% which would be ridiculous), instead it would require increasing taxes on the middle-class. As it is now, we aren’t collecting enough in tax revenues to meet our current budget so we’re $19 trillion in debt and climbing. The bottom line is his tax plan will not pay for the additional spending he’s pushing.
From what I’ve researched the best case scenario was that our budget would triple but I did see where several analysts said it would grow six times which would tank our economy in a little more than a year. Investors around the world would know what direction our economy was going should Socialism become the norm in the United States. Money would be pulled out of our market and good luck convincing people to invest. Investment is what has been keeping our economy afloat in the first place which is a scary scenario. This would be like in your household if the only reason you didn’t go under is that you used credit cards throughout the year to pay bills. Not a long-term strategy for success instead it leads to bankruptcy.
I’m not afraid that Bernie will become President of the United States but I am afraid of the socialist mentality that is seeping into our society. We’ve been the most successful civilization in the world since our humble beginnings back in 1776. We are the country everyone has been trying to migrate to because of opportunities. Why have we had this kind of success (besides being God fearing), it’s due to Capitalism.
People don’t flood borders to get into socialist countries because they don’t want to get a job making $30,000 a year and having to pay $20,000 in taxes. Now I do have to say the best way to slow down immigration and not even have a need for a huge wall is to go with socialism…they won’t want to come. Not a good strategy but it would work.
I don’t know what it will take to prevent socialism from taking over our country. More and more people are getting a mentality of what’s in it for me. They have no concern at all about taking from someone else. I hate to say it but I’m glad I’m at the back end of my time on Earth.