Taxing only the wealthy won’t cover Sanders’ bill
I am tired of hearing that Bernie Sanders will raise taxes only on the wealthiest 1 percent. The financial aspects of his proposals have been carefully checked out by highly qualified Democratic and Republican economists who agree that Sanders’ programs would cost upward of $18 trillion a year. This would necessitate large tax increases not only on the wealthiest 1 percent, but also on the middle class. Even with these increases, there still would be a $3 trillion a year deficit.
Sanders’ free stuff program sounds very enticing, but it is not affordable for most Americans, and would do immeasurable damage to our already fragile economy.