We’ll ‘Feel the Bern’ of Higher Taxes if We Elect Sanders

Hosea 4:6 – My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children. 

For journalistic integrity, I will tell you this fact at the onset, I don’t ‘Feel the Bern.’ I consider myself a conservative in terms of values, but I am also a logical, reasonable person. I will listen to any point you give me, but I will not take your word as gospel, I will do my homework and based on the facts, I will generate my own conclusions. So based on this brief little introduction, let’s do just that type of investigation with Mr. Bernie Sanders’ plans, shall we?

As we all know, Bernie Sanders is a self proclaimed “democratic-socialist” a.k.a. ‘I’m a socialist, hoping you will democratically elect me.’ Bernie is all the rave with my peers, for he promises “free” stuff. Free healthcare, free college, etc. What’s not to love?

Truth is folks, basic economics (which I did take in college – taught by a liberal professor, so no conservative bias in that course) has a tenant of ‘there’s no free lunch.’ If something is free to you it is because someone else paid for it. Bernie is not going to give you free things, you and me and your parents and every other citizen of this great nation are going to pay for it in taxes.

The Tax Foundation self-describes themselves as a “non-partisan research think tank, based in Washington, DC.”. As a non-partisan entity, their job is not to sway us to one side or the other but to present us with the facts. Their conclusion of the Sanders’ tax plan is as follows:

“Senator Bernie Sanders would enact a number of tax policies that would raise tax revenue over the next decade. Together, his proposals would significantly expand federal revenue collections by $13.6 trillion on a static basis, driven mostly by broad-based taxes on income and payroll. If enacted, the Sanders plan would significantly increase marginal tax rates on capital and labor income, which would result in a substantial reduction of the size of the U.S. economy in the long run. This would decrease the revenue that the new tax policies would ultimately collect to $9.8 trillion. Senator Sanders’s plan would decrease after-tax incomes for taxpayers at all income levels, but especially high-income taxpayers.”

Let me emphasize two of those points with other tax foundation statements:

  • According to the Tax Foundation’s Taxes and Growth Model, the [Sanders’] plan would significantly increase marginal tax rates and the cost of capital, which would lead to 9.5 percent lower GDP over the long term.
  • On a static basis, the plan would lead to 10.56 percent lower after-tax income for all taxpayers and 17.91 percent lower after-tax income for the top 1 percent. When accounting for reduced GDP, after-tax incomes of all taxpayers would fall by at least 12.84 percent.

For anyone who hasn’t taken business/economic courses, let me translate: your take-home pay is going to go down by at least 12 percent with Sanders’ plan. Meaning, if you normally bring home $1,000 you will now only bring home $880.

Note: This percentage does not figure in state or local taxes; ergo, the percentage would be even higher!

I don’t know about you, but my husband and I just barely scrape by each month. I chose to stay-home with my daughter, so we live on one income (but I can tell you the cost of me working – i.e. eating out, extra gas, babysitting, etc. – the benefit of me working was very small). Losing 12% of our take home pay would be the difference between us making all of our payments and bills and not affording those payments.

My husband and I are lower-middle class, in fact, according to the pew calculator, we would be considered lower class if we had two babies instead of one. I’m in the group that Sanders claims he would help, but he would in fact hurt me deeply.

If my plight doesn’t sway your opinion, let’s move to history.

Did we not pay attention in history class? We won the battle against socialism and communism during the Cold War. This eagerness to introduce full-fledged socialism to our country is down-right dangerous! Rather than rant about this, I’ll provide you with an easier form of warning/instruction: a few quotes and a short video.

“The great and abiding lesson of American history, particularly the cold war, is that the engine of capitalism, the individual, is mightier than any collective.” [i.e. socialism/communism] – Rand Paul

Okay, I can hear the liberal response now, Rand Paul is a Republican, of course he said that. Touché, let’s see what one of the most beloved Democrats has to say about it.

“Communism has never come to power in a country that was not disrupted by war or corruption, or both” – John F. Kennedy

“It is very hard in military or in personal life to assure complete equality. Life is unfair” – John F. Kennedy

“There are many people in the world who really don’t understand-or say they don’t-what is the great issue between the free world and the Communist world. Let them come to Berlin!” – John F. Kennedy

In case those didn’t persuade you, here’s the best anti-socialism rant I’ve ever heard, you can read it or watch it here:

http://insider.foxnews.com/2016/02/01/greg-gutfeld-bernie-sanders-2016-and-problem-socialism

Citations:

(This is not an academic publication; therefore, the citations are links to where I found my information – I’m not taking the time to put them into APA format. If you have a problem with this choice, by all means, you can do the work for me!)

http://www.bankrate.com/finance/taxes/tax-brackets.aspx

http://www.investopedia.com/ask/answers/100214/what-difference-between-communism-and-socialism.asp

http://www.famous-quotes.com/topic.php?tid=210

http://m.ranker.com/list/a-list-of-famous-john-f-kennedy-quotes/reference?page=3

http://insider.foxnews.com/2016/02/01/greg-gutfeld-bernie-sanders-2016-and-problem-socialism

http://www.pewresearch.org/fact-tank/2015/12/09/are-you-in-the-american-middle-class/

http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan

http://taxfoundation.org/about-us

http://www.brainyquote.com/quotes/quotes/r/randpaul453854.html#fhvG7TsHXTVXoRuJ.99

http://www.brainyquote.com/quotes/quotes/j/johnfkenn114929.html#ggiHQ3K1MKwqzSFu.99