Opinion | Bernie Sanders’s estate tax plan would reduce the federal debt and help even the playing field

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Opinion: Bernie Sanders’s estate tax plan would reduce the federal debt and help even the playing field

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well stated . A country is judged by how they look after there poor . All those trailer site’s all over America Mr Trump build proper home’s for Your citizens , not a stupid Wall God bless America at this Time

Two term limits & get rid of lobbyist's. The bigger the government the more corruption.

Does that mean Jeff B will pay 70% of his net worth to the federal government? I don’t think so!

A socialist should be more into a VAT tax. Hell, I would rally behind a f*cking plastic tax at this point because I love dolphins too. The estate tax is useless as the small number of rich people would leave the country in droves. or renounce citizenship.

The federal debt that was created by politicians like Sanders. LOL.

Yeah Warren’s plan is dumb. Do AOC’s plan and this one.

But seriously the answer is just for these Mega Corps like Amazon and Walmart to pay a living wage with benefits and of they don't, then yes, tax them as otherwise they are getting employees we are subsidizing.

Cut the Department of Defense budget by 5% each year for 10 years. End privatization of government services such as Defense and Intelligence. Eliminate Homeland Security Agency. Enact Medicare for all. Restore the top tax rate to either 72% (pre-Reagan) or 91% (Eisenhower).

Where are his tax returns? Is WaPo going to vet the old fart or let him off without vetting like in 2016? Why did he vote against Russian sanctions?

Sanders is so 2016. NeverBernie

No Bernie just retire and enjoy, you are going to ruin it for the person that can beat Trump.

GMinvestinUS

Lead by example

A tax on money hoarders, sounds good to me.

Why pay taxes on it twice. Once when it was earned and again when it's inherited. I'm just a working class citizen but I don't feel entitled to another man's money no matter how much he has. Besides it'll just pass to another greedy hand called politicians.

What about taxing illegal aliens?

Bernie Sanders’s estate tax is a plan to steal the inheritance that you thought you were getting from your parents. He wants the government to spend your money instead of you.

I have an idea! Lower government spending. Smaller government. No more free handouts or loopholes.

Why is it that people like Bernie who has 3 houses and lots of money always calls other rich people of not paying their fair share of taxes. Look to themselves first

Property taxes shouldn't exist

Inheritance is a pox on true capitalism and merit...What your parents accumulated should not give you power, nor is their money (a means of trade) any longer good when they pass and are no longer part of the economy. US needs to smarten up on this.

Or spending could be reduced? 🤔

The only thing that will help more than a small band-aid is entitlement reform!

How well this works greatly depends on the quality of government spending. Big Gov has a lousy track record here. If Big Gov can actually manage to wisely spend dollars on things that will actually help people in the long-run then it could work--otherwise, it's just boondoggle.

The original income tax was a “sir” tax to make the “wealthy pay there fair share “ Sound familiar. The working class always pays for big government socialism.

Decreasing the debt by confiscating family assets. Appalling

You know full well the revenue would not be used to pay off the debt, it would go to fund more government programs.

A families success has been taxed while they were alive and those who inherited it are taxed at 38% in Va.

Despite Bernie calling for Trillions of dollars in new spending, wants you to believe his plan would reduce the federal debt. Democracy dies in economic illiteracy.

I can reduce the Federal Debt faster and better than Bernie and the fake mainstream media! Stop all Foreign Aid to all countries for one year. If you think I am crazy go tally the total foreign aid to every single country including PP & Democratic Party

It would also turn the USA into a country where people are forced to eat their own pets.. ya know like his fav socialist utopia, Venezuela 🇻🇪🤷‍♂️😄 naww you can 🖕off WaPo and Bernie

Doubtful!

As usual, instead of cutting the budget, Democrats will raise taxes once again. Disgusting.

why is the solution always more taxes?

What's this? An article on the WashingtonPost that isn't openly attacking BernieSanders? Must be backwards day, but nice to see! RunBernieRun

ThankYouBernie ❤️🇺🇸💙 RunBernieRun

😂😂

Shocking it should be a crime to own a billion maybe few million wealth has to be distributed to all not the few Bernie sander’s for president . We need a fair society before it’s to late . God help America and God bless. Ireland !!! ?

Bernie, It's not your dam money to begin with, it belongs to voters not you clowns in dc.

2/ (Continued from below). Note that foreign trade deficit impoverishes the bottom 90 % without affecting the top 10 %. As such, the $675 billion per year foreign trade deficit is a tax on the poor, which indirectly causes cumulative govt debt to grow faster than GDP.

If we stop wasting money in those two areas our national debt will be gone in no time and we could put the money generated from that point on towards smarter projects

America is also wasting about 30 million or billion a year trying to eradicate marijuana plants reality check is it’s a weed that humans are helping that war was lost the second link was put to paper

America wasted millions of dollars Funding Colombian eradication of cocaine plantations . the reality check those farms are up in numbers &producing tons of cocaine

Lies! Lies! Lies! There’s no way on earth that the current budget stays the same even -especially if Bernie has his way. These proposals wouldn’t do a thing to stow the growth of government.

REDUCE THE DEFICIT? LOL! Since when do SOCIALISTS LIKE SENSANDERS worry for one second about PAYING FOR WHAT THEY SPEND? Taxing every dime of the WEALTHY will do NOTHING BUT INCENTIVIZE THE LEFT TO CREATE MORE ENTITLEMENTS which ultimately will eat us alive with DEFICIT SPENDING!

HulaZen Get your pitchforks and meet up outside Bezos' house.

Bullshit. A short term influx of tax revenue will do nothing to solve the debt crisis. The only way to solve debt is to SPEND LESS MONEY. Radical idea I know.

Which is why it will never happen.

So would simply making the rich pay their fair share while they are alive.

Why should people have to pay more taxes, on previously taxed income, after they die? Why should ANYONE have to pay taxes after they die? It is not the job of our government to equalize income. It is the job of the citizens to improve their own lot in life.

This is confiscation, not taxation. Why make a long term investments in a business if they government is going to confiscate it and you can't even leave it to your kids? I'd spend every dime and leave NOTHING for the government.

Confiscating someone’s hard earned money, that they have already paid taxes on, simply because they die, is truly immoral. Immorality seems to be the Democrat platform: theft through taxation, open borders and infanticide. Americans deserve better.

Bernie is an idiot. Heirs to businesses would have to liquidate to pay the taxes, they would kill a business for a one time tax windfall.

This article omits the fact that by charging this high a Tax the people would SELL ASSETS LIKE STOCKS, BONDS, REALESTATE HOLDINGS, etc... Which in turn would decrease those Markets worth considerably. And this markets deflation in value would hurt ALL AMERICANS RETIREMENTS Idiots

Lies. You can't do much to eliminate the debt until you end the fed and Bernie voted against ending the fed.

smartdissent ...but it won’t get thru Congress, so what’s the POINT?

It is what we have in the Netherlands/Europe since long. Is not 'right' or 'left' but common sense.

Bernie, you need to retire to the old folks home. Your ideas of everything free is not realistic and would raise the deficit as never seen before.

So if I build a business from nothing but can’t give it to my heirs because of the estate taxes. That is fair?

Don’t make me laugh! Muppets

No on sanders being president he’s no different trump. We don’t need anymore old ass white men for president.

Bernie should test his policy in Venezuela first.

Just write a million checks for $9,999 and skip the tax. All that money has already been taxed, an estate tax is literally theft.

“...estates worth more than $3.5 million pay at least 45 percent on money over that threshold...” Sounds good to me

Ending jobs & opportunity in the Free Mkt & Individual Liberty economy as Govt control socialism grows creating shortages & ever more ppl jobless poor homeless hungry see Venezuela. Only spending cuts including entitlements reduces the federal debt

Including Bernie?

Bernie’s 45% tax over $3.5 million threshold would hit middle class families. Especially those who live on the coasts earn more. The real money money is in 401(k)s and IRAs. Watch the Dems go after those next.

Lmao. Who believes this crap?! Walkaway WalkAwayFromDemocrats and Socialism

No, it would not lower debt. It might lower deficit by $31 B a year. But, the deficit is more than $800 B a year, primarily because spending on Social Programs has increased by $2 T per year since 2000. There are only 2 ways to reduce debt-cut spending and increase income growth

Instead of forever trying to bring the rich down a peg or two, why doesn't he devote his time to helping the poor raise their sights and improve their circumstances? 🤔 Socialism... eventually running out of other people's money. The politics of envy.

The success of Dem “opportunity programs” is measured in dollars spent on the programs not actual results. From ARRA, Green Energy and education were examples of govt promoting opportunity. It did nothing but spend billions and create more debt.

5th bite of the apple...

I think Venezuela tried that.

Wait! Isn't he a Russian agent? Like anyone who isn't Knee Pad Kamala?

We can reduce the Debt by doing little more than revamping our trade. While “how much” would still have an affect, it’d be the “with whom and what means” that would be the most profitable for America’s Debt.

So would your mom on the corner, but we are not gonna let that happen. Mostly cuz she ugly tho

Lies

Raiding the bank accounts of every American would also reduce the federal debt, but that wouldn’t make it right.

There is so much wrong with this, but a good estate plan limits how much you pay in taxes. If they raise the estate tax there will be ways to work around it

You’re gonna have to do this every 5 years so you can re-adjust it for people that suck.

Socialism doesn't work..

The estate tax should be zero. You have money that's already been taxed, why should it be taxed again when the person dies simply because they've been successful?

So wealth theft? The new socialism is the same as the old socialism.

LOL!

Seems more fact than opinion.

Opinion: duh

this opinion is shit lmao

SenSanders 2020 President for people'

Opinion: let’s seise Jeff Bezos assets

I like a lot of what he has to say. But he is unlikeable.

Taxing people for the second time after their death is immoral.

A Marxist Jew trying to destroy the country he lives in...somethings never change. It didn't work out so well for his kind in the 1940s,this time it won't be any different.

feelthebern just like sypholis.

Great. SenSanders for Treasury Secretary. Not POTUS.

Cool..now introduce it w/out running for president.

Win-win!

Keep shilling

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in LOANS

Loans Loans Latest News, Loans Loans Headlines