Bernie Sanders BLOWS THE LID OFF The ‘Bipartisan’ Plan To CUT TAXES for Corporations and the Wealthy

[Sekhmets Daughter]

122. The US will honor its debt,

until it can't...it's that simple. China is already worried. For 29 years the extra FICA went into the General Fund and out again to buy T-Bills. Increasing taxes on the rich , most particularly getting rid of the favorable taxes for unearned income and the ridiculous deferred compensation model used by hedge funds and venture/vulture capital firms....will help, it won't solve the problem. Want to know what would solve the problem? Capping executive compensation, ending the ability of corporations to manufacture their products overseas, bring them into this country duty free and sell them at prices that would support US manufacturing. Think Apple products, or GE products or any number of big ticket items that are no longer made here, but still cost a small fortune. Think about clothing sold in high end stores at exorbitant prices that is made in China or Mexico or Indonesia. Raising the minimum wage to at least what they earn in Australia...$15.51 an hour. Universal, single payer health insurance delivered on the Cleveland Clinic model. These are the things that will solve our problems.

Everyone benefitted from the Reagan tax cuts, including you. It's not like he cut the just the top tax rate. The problem is not that taxes
are too low, the problem is that too many Americans are not earning enough money to pay federal income tax and too many others are not earning what they would/should be had wages kept up with productivity. The tax debate is a freaking diversion...nothing more. Corporations would much prefer to keep us focused on the squirrel running along the high wire rather than the thievery they been involved in for 3 decades. Our government has been complicit in this theft.