Neither of them understands economics. If they did, they wouldn’t be Democrat Socialists.
As noted by Tiana Lowe, socialists “have a math problem.”
Proposed pet projects by Bernie and AOC would wind up costing American taxpayers $85 trillion over 10 years.
OVER ONE DECADE
— Bernie’s estate tax revenue: $2.2T
— AOC’s income tax revenue: $700B
— Warren’s wealth tax revenue: $2.75T
— Medicare For All cost: $32.6T
— Free College cost: $470B
— Green New Deal cost: $49.1T
Socialists, you have a math problem.https://t.co/O3B9BVFnAO
— Tiana Lowe (@TianaTheFirst) 31 января 2019 г.
The laundry list of left-wing programs touted by the expanding progressive wing of the Democratic Party just keeps growing. Also adding up: the trillions of dollars Democrats will have to come up with to fund their authoritarian adventures.
A study of “Medicare for all,” the single-payer healthcare program designed by Sen. Bernie Sanders, I-Vt., estimated (under favorable assumptions) that it would cost $32.6 trillion over its first ten years. This estimate is likely lower than the actual projected cost, as the economists studying the system assumed that physicians and hospitals would accept a 40 percent cut in their reimbursement rate. In reality, this would probably result in a mass exodus of providers from the market as seen in France, where physicians take home about half of what American doctors earn.
The “Green New Deal,” favored by Rep. Alexandria Ocasio-Cortez, D-N.Y., and presidential hopeful Sen. Kamala Harris, D-Calif., claims to combat climate change while banning nuclear power — our only currently feasible form of carbon-free energy — while initiating a federal jobs guarantee. A report from Power the Future prices the “Deal” at $49.109 trillion in the first decade that its enacted. The American Action Forum found that the regulatory and investment costs alone would come to $6.7 trillion.
And that “Free College” plan backed by Sanders, Harris, and fellow presidential contender Sen. Elizabeth Warren, D-Mass ? That would costtaxpayers $47 billion per year, or half a trillion dollars per decade.
According to Yahoo News, Vermont Senator Bernie Sanders is going to run for president in 2020.
The Democrat Socialist is set to announce his bid “imminently.”
Bernie would join Sens. Kamala Harris, Kirsten Gillibrand, Elizabeth Warren, Rep. Tulsi Gabbard, and former Obama HUD Secretary Joaquin Castro in making their 2020 plans official.
WASHINGTON—Three years after fighting a surprisingly competitive Democratic primary race against Hillary Clinton, Sen. Bernie Sanders, the Vermont independent, is making another run for the White House.
Two sources with direct knowledge of his plans told Yahoo News that Sanders, an independent and self-described “democratic socialist,” plans to announce his presidential bid imminently. While Sanders has been considering a bid for months, one of the sources said he was emboldened by early polls of the race that have consistently showed him as one of the top candidates in a crowded Democratic primary field. In particular, the source said Sanders was heartened to see numbers indicating he is one of the leading candidates among African American and Latino voters, two groups he was perceived as struggling with in 2016.
Speaking from a stage in South Carolina on MLK Day, Sanders said the unthinkable about President Trump.
Sen. Bernie Sanders at MLK event in South Carolina: «It gives me no pleasure to tell you that we now have a President of the United States who is a racist.» https://t.co/NkJuIoh4fP pic.twitter.com/OQHoiTn4WA
— ABC News (@ABC) 21 января 2019 г.