Contra Mozilla

Monday, April 4, 2016

What Is Best in Life: Sanders the Bernbarian Edition

What is best in life?
This is basically what the Left represents in modern times (well, that and Moloch worship, and protection of ever more deviant perversions at the cost of curtailing actual freedoms).

On a related note, Time's financial section (Money) has linked to a pair of simple tax calculators, one by the International Business Times, and one by Vox, which attempt to estimate the impact of the four* major candidates tax plans on how much you should expect to pay  in federal taxes. They also attempt to estimate how these tax plans will impact the federal budget (and deficit--there are no projected surpluses). Neither site paints an especially rosy picture for any of the candidates.

On the individual side of things, most people would benefit in the form of more take-home money from both Cruz and Trump (the calculates both estimate that I will take home a few thousand dollars more annually under Cruz and a little more under Trump--but there are no deductions considered for one, and only number of children is considered in the other). Clinton's tax is a wash for the middle class--you don't pay much more, but you do pay a little more.

Bernie Sanders' tax plan is a complete disaster. Vox estimates that my annual tax burden will increase by a staggering $10 000, and the International Business Times estimates a $430 increase to my monthly taxes, which is about comparable**. This, to pay for things of disputable benefit. We don't need a federal healthcare plan, nor should we pay for every kid to go send 4 years at college: the former will mean a worsening of our healthcare in general (longer waiting lines, perhaps rationing or worse, and I can imagine how things like the tyrannical HHS contraceptive/abortion mandate will only be expanded, and worked around whatever Supreme Court ruling is handed down); the latter will mean that college is further dumbed down (it's already slipping there somewhat, and the value of many BS degrees is often worse than worthless). We have "free" k-12 education already, improving the quality of that would work far more wonders than tacking on another 4-6 years of college "education. And from a purely selfish standpoint, I see these as especially burdensome to me: the few actual perks of my job include steeply discounted tuition for my family, "free" health insurance***, and a pension plan****. So people like me will lose out the most on Bernie Sanders, because we will see a large tax increase to fund entitlements that we already pay or receive as a perk (read: non-cash payment) to our jobs.

On the other side of things, none of the candidates have made specific plans for cutting back our already bloated federal budget. The result is that while Ted Cruz and Donald Trump will cut taxes somewhat, they will also be increasing our debt (which has soared to nearly $20 Trillion as of this writing). Not that Bernie Sander or Hillary Clinton avoid doing this, mind you. The outlook for this election is bleak.

*John Kasich is excluded, but then again, he is mathematically eliminated from winning the nomination at anything short of a brokered convention (which actually is looking more and more likely).

**Vox includes everything from income tax to payroll tax to corporate tax. International Business Times does not, as far as I can tell.

***I pay for some of it, and of course I "pay" for some more in a reduced salary, my boss has estimated by about $20000/year. I don't hold high hopes for getting to pocket that money if we go to universal healthcare.

****Which actually take a substantial portion of my monthly paycheck, just under 10% of my earnings, so it is really more like a mandatory group investment.

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