Sen. Bernie Sanders (I-VT) (photo credit: Michael Vadon via Flickr, CC BY-SA 2.0)
Finally America gets to hear from real voters instead of us knuckle headed pundits. One hopes that those Hawkeyes are paying attention to what the Tax Foundation, the umpire of all things tax policy, recently announced.
Sen. Sanders’s tax plan would have the effect of shrinking the economy, and my (and, more to the point, your) paycheck by 10%. It’s already a scrape to get by. I really, really don’t want a 10% pay cut. Do you?
Winston Churchill said in a speech in the House of Commons on October 22, 1945: “The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” Therein lies a problem and perhaps an intractable one for Democratic Socialist Sanders’s presidential aspirations. Socialism, even Democratic Socialism, by and large, and with some notable exceptions, has proven a recipe for misery.
Trigger Warning for my Conservative readers: I love Bernie Sanders.
Microaggression Alert for my Progressive readers: I won’t vote for him for president.
First things first. How do I love thee, Sen. Sanders? Let me count the ways!
Ralph Benko, internationally published weekly columnist, co-author of The 21st Century Gold Standard, lead co-editor of the Gerald Malsbary translation from Latin to English of Copernicus’s Essay on Money, is American Principles Project’s Senior Advisor, Economics.
