If you think Bernie is expensive
Hillary Clinton admits not only to a tax increase but a 1 Trillion dollar tax increase. To spend on the debt? Well, no. New spending! Freeloader spending!
If you know how government works, they’ll admit to $1 trillion in new taxes and claim its what they’ll spend, but my guess is the real spending will end up being 4 to 5 times that much. And that in the land of $18 Trillion debt. Check out this interview. Whatever happened to “no new taxes”?
Daily News: So on taxes, that I did call for among other things, a surcharge on incomes over $5 million, 30% minimum, the Buffett rule, over a million…
Clinton: Over a million. Yeah, right.
Daily News: …and then to carried interests, a change in capital gains that would reward people for holding for six years or more, I believe it is. How much revenue do you foresee coming off that and what will be the impact on growth?
Clinton: Well, I have connected up my proposals for the kind of investments I want to make with the taxes that I think have to be raised. So on individual pieces of my agenda, I try to demonstrate clearly that I have a way for paying for paid family leave, for example, for debt-free tuition. So I would spend about $100 billion a year. And I think it’s affordable, and I think it’s a smart way to make investments, to go back to our economic discussion, that will contribute to growing the economy.
Now I’m well aware that this is a heavy lift. I understand that. But I think connecting what I’m asking for to the programs, to the outcomes and results that I’m calling for give me a stronger hand, and that’s how I’m going to go at it.
Daily News: So if I understand you correctly, if you look at your proposals for college costs and for family leave, for infrastructure investments…
Clinton: Well, that’s a little bit different, because infrastructure investment, I’m still looking at how we fund the National Infrastructure Bank. It may be repatriation. That’s one theory, or something else. It’s about $100 billion a year.
Daily News: A hundred billion a year, so that comes out to about a trillion dollars…
Clinton: Over ten.
Daily News: …over ten years.
Meanwhile, never mentioned, is what happens to an already hurting economy when government decides it can spend money better than those who earn it? Well the same thing that happens in any planned economy. People who earn the money quit doing so since it simply isn’t worth it. When marginal rates rise to the point that if you spend your time earning more, most of it goes out in taxes, well then you put together a plan to maximize what you get to keep and you don’t commit to any extra earning that will be mostly taxes.
Does the government spending drop when the planned tax revenues drop?
Have you ever seen it do so? Do you have any idea of how we’ve amassed the $18 trillion dollar debt we have?
So yeah, let’s elect this criminal crackpot and economic illiterate and finally pull the flush chain. Let’s just let it all go down the drain.
What a political season we’re being subjected too. And idiot on the right and two socialist crackpots on the left.
Meanwhile, the apparent hot topic is whether or not North Carolina has the right to have men use a men’s room and not the women’s room.