Afro_Vacancy wrote: ↑
1 month ago
What do you think of Bernie's policies?
So personally, I like them, but I assume that he wouldn't be able to get them passed. He's advocating for "revolution" like it's cute, but in practice there are no pure ruling class revolutions. They always need to have some support among the elites. All revolutions involve one section of the elite usurping another by leveraging support among the people, often with compensation for the people, but always with the promise of compensation.
Warren would be less revolutionary bit she's demonstrated an ability to work within the system. She has also not had a heart attack.
This is obviously a very complex question but overall the problems are they appear on an economic level more intended to simply move as far to the left as possible, significantly further left than any of the Nordic States even without concern for potential consequences, or even results. I'm not even sure he is aware of this as he still seems to advertise himself with reference to countries like this which are nowhere near as left as the country he is proposing.
In terms of the worst offenders, his equities and derivatives tax would destroy the finance industry, they are by far the most intensive in the world and it would not longer be possible to list a company in the United States. Trading stocks or investing in stocks would no longer be feasible unless for ultra long term.
The wealth tax would potentially put total taxes for many billionaires and extremely wealthy individuals close to or above 100% PA taxes, this has failed internationally because money gets hidden, sent overseas or people simply leave the country. That's 100% PA taxes for ultra wealthy, on top of an estate tax that caps out at 77%, the highest in the world. Again, I've talked to many leftists about the policy and their logic solely amounts to "the wealthy don't pay their fair share", well when people over $100 million dollars are paying close to 100% in total taxes per year on top of incurring a the highest wealth tax in the world, they will simply leave the country. People don't get to a position of people one of the best in the world at accumulating wealth, only to accept that at a certain point they'll be losing money every single year even while working and running a business, then sending a fat check to the government when they die. Its absurd. I don't necessarily object to a wealth tax or an estate tax as a whole, but the numbers Bernie is using are clearly calculated by people who don't understand the implications of their numbers to begin with. Nor is a wealth tax even a particularly effective means of raising revenue to begin with, if you taxed 100% of the wealth of every billionare in the country I don't even think it would pay for a single year of Bernie's M4A plan. Nor does the wealth tax account for scenarios of growing companies that currently aren't profitable, run by those that own the company. They'd be forced to sell down ownership in a company they created that is currently losing money to pay a wealth tax.
Add these to the biggest corporate tax rate in the Western world, it would be potentially cheaper to move companies like Apple and pay hundreds of thousands to key workers to relocate than remain in the US, on top of the fact that their execs likely would be incentivized by the huge income, capital gains and wealth taxes they would incur. Not simply cheaper over the long term, but literally cheaper within a few years if you look at the numbers. Many of the big tech companies in the US are sitting on huge cash piles with very low debt which also potentially makes this feasible.
https://berniesanders.com/issues/welcom ... erica-all/
People talk about his consistency, well there's nothing consistent about his previous stance on immigration and labour policy even four years ago compared to today. A pathway to citizenship for all immigrants, breaking up ICE, the most comprehensive healthcare system globally offered even to undocumented immigrants, increasing refugee intake by 10x, decriminalising undocumented border crossings etc. On this issue alone I couldn't care less about his other policies at that point even if I agreed with him on every issue, he horrifically dangerous and people supporting this are taking a big shit on the future of their country. Four years ago he would have called this a Koch brothers scam, but he ceased giving a shit because as per usual he's too busy giving into all and every demand of the most extremist, pseudo-woke twitter progressive manifesto. Worst it shows a lack of coherence in his overall ideology, more interest in virtue signalling than results. No genuine left-winger can support this. Nor does it bode well for his potential approach to foreign policy, as one who has clearly positioned themselves as cuck in-chief.
Other nonsense ideas include a federal jobs guarantee, again which isn't matched globally by how far left it is, on top of the fact that his national minimum wage for these workers would be the highest in the world.
And of course you know I'd despise his climate policy and the idea of creating millions of government jobs in some laughably absurd "green economy" of which there is no such thing. You run an economy and peoples lives WITH energy, you don't base an economy on energy. Hilarious thinking that everyone who wants a job no matter who they are will somehow realistically work in the renewables industry. I don't even need to mention how fiscally irresponsible I think his policies as a whole are. A fixed national minimum wage in my opinion is also problematic, even if currently it is clearly too low.
Warren is potentially more pragmatic, maybe even very much so behind closed doors but again I think her wealth tax and policies related to the financials industry are incredibly dangerous. Even if she doesn't believe in them to the extent she lets on. Forgiving student debt sounds like a good idea until you consider the moral hazard it creates and the fact that people who paid upfront or previously get absolutely fucked, and those that didn't bother to do so get tens/over a hundred thousand dollars. There's no way to make it fair. Considering my degree in Australia and the experiences of others here, I'm much closer to considering tertiary education not all that far away from a scam to enrich people running the university, especially with the influx of foreign students we invite in here for shitty degrees teaching coursework that is 5 years old and selling it for 30k a year. For areas in which there is a shortage of workers or educated, education should be subsidised,free education outside of that simply lets costs get out of control, allows universities to stop caring about valuable coursework that can't just be found on a fucking Google search and enriches those at the top of the university.
Most of Bernie's policies are moving in the right direction, however there just seems to be no care for fiscal responsibility or outcomes, rendering them untenable no matter how good any intentions are, or how bad the problems they seek to fix are. Much seems to be from a think tank dreaming up how far left they can go without being literal socialism. I'd also support a more comprehensive Australia style M4A system rather than Bernie's which removes private insurance entirely as well, which I don't believe its beneficial in any way related to costs and is much closer to socialist medicine than socialised medicine.
I also agree with you that the majority of his policies would not get passed in their current state. Its possible the compromises could ultimately produce some effective results, but I don't see a possibility of Bernie surrounding himself with an administration interested in any sort of pragmatism over smoothing out these absurdly left wing solutions.
The Democrat closest to someone I would support is Yang. I wouldn't be at all disappointed with a Yang presidency, he's consistently shown himself to be significantly more pragmatic and intelligent at managing ideals and outcomes. The core being UBI which in my opinion is the best means of distributing welfare, and a VAT tax which is the best means of extracting tax from big business and the wealthy. I'd much prefer if he was closer to a Trump on immigration but overall his policies are in a sensible direction and clearly thought through from a practical perspective. Most importantly and with reference to what you said, I think many of his proposals could be potentially be supported or accepted by the business community and ruling class also.