Higher taxes are not the only economics implications of a Sanders presidency, especially when you look at some of the governments Sanders has praised over his career. A better tax structure is necessary and the easiest thing to do, but I don't trust Sanders to figure that out. Even Warren comes up with a wealth tax instead of just fixing the income and capital gains tax brackets.
Hint: add three more brackets with 4mm+ at 50%, 20mm+ at 65% and 100mm+ at 80% and do the same relative adjustments for capital gains. No need for the government to seize the means of production when you haven't tried the obvious thing. Our current tax brackets are a joke, topping out around 500k when some people make 10,000 times that.
Hint: add three more brackets with 4mm+ at 50%, 20mm+ at 65% and 100mm+ at 80% and do the same relative adjustments for capital gains. No need for the government to seize the means of production when you haven't tried the obvious thing. Our current tax brackets are a joke, topping out around 500k when some people make 10,000 times that.