{"id":34255,"date":"2016-02-23T01:00:49","date_gmt":"2016-02-23T06:00:49","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=34255"},"modified":"2016-02-12T16:16:03","modified_gmt":"2016-02-12T21:16:03","slug":"qotd-how-bernie-will-pay-for-his-campaign-trail-promises","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2016\/02\/23\/qotd-how-bernie-will-pay-for-his-campaign-trail-promises\/","title":{"rendered":"QotD: How Bernie will pay for his campaign trail promises"},"content":{"rendered":"<blockquote><p>Over on his campaign website Bernie Sanders has a page telling us all how his delightful bribes to the voters will get paid for. The usual populist politician\u2019s trick of just shouting that it will be someone else, not you, no absolutely not you the special little voting snowflake, who will pay for all that you, that special little voting snowflake, are being promised. In Bernie\u2019s case it will be \u201cthe rich\u201d who pay for everything. And that\u2019s what means that his taxation plans don\u2019t add up. Simply because there\u2019s not all that many rich people and collectively they don\u2019t have all that much money.<\/p>\n<p>Sure, it\u2019s possible to get a bit more money from them. But at some point in the face of ever rising marginal tax rates, peoples\u2019 behavior will change. There really is some tax rate at which point higher rates don\u2019t produce more revenue, they produce less. And sadly Bernie\u2019s sums don\u2019t take account of this fact. Thus under the current taxation plans all these goodies will not be paid for at all. And this brings us to the essential truth that the European states have all worked out. If you want to bring Big Government to the middle classes then you\u2019ve got to tax the middle classes to pay for Big Government. There just is no other way of raising that sort of amount of revenue.<\/p>\n<p>Tim Worstall, <a href=\"http:\/\/www.forbes.com\/sites\/timworstall\/2016\/02\/12\/how-bernie-sanders-wont-pay-for-his-proposals\/#5a22186a200d\" target=\"_blank\">&#8220;How Bernie Sanders Won&#8217;t Pay For His Proposals&#8221;, <em>Forbes<\/em><\/a>, 2016-02-12.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Over on his campaign website Bernie Sanders has a page telling us all how his delightful bribes to the voters will get paid for. The usual populist politician\u2019s trick of just shouting that it will be someone else, not you, no absolutely not you the special little voting snowflake, who will pay for all that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,53,41,13],"tags":[768,188,118],"class_list":["post-34255","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-politics","category-quotations","category-usa","tag-democrat","tag-electionwatch","tag-taxes"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-8Uv","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=34255"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34255\/revisions"}],"predecessor-version":[{"id":34256,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/34255\/revisions\/34256"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=34255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=34255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=34255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}