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Originally Posted by WallyWager
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From your own article........
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Potential implications
Based on initial estimates provided by the Tax Foundation, more tax revenue would be created, but it would come at a cost to the U.S. economy and all taxpayers. Over the next 10 years the Tax Foundation estimates roughly 6 million jobs would be lost, a 4.3% reduction in wages would occur, U.S. GDP would drop by nearly 10%, and we'd witness a whopping 18.6% fall in capital investments.
Furthermore, Tax Foundation projects an average drop in after-tax income of 10.6% on a static basis for Americans. Taxpayers in the bottom 40% of the income ladder would see their static after-tax income fall between 4.9% and 6.9%. By contrast, taxpayers in the top 1% of income are estimated to see their after-tax income fall by 17.9% on a static basis under Sanders' plan.
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So the economy would fail as would we all.
Also the article I quoted from was from Jan. of 2016, yours was from May of that year. Since I was not a bernie supporter or follower I did not realize that he had put out a plan at a later date.