Tuesday, October 27, 2015

Hats off to Sanders

Hats off to Berry Sanders! I have been critical of Sanders for saying that he will pay for his programs by transferring money from the rich to the poor but now I no longer have to say that because Sanders has become an honest broker. Someone must have shown him the math. Sunday on ABC’s “This Week,” Democratic presidential candidate Sen. Bernie Sanders (I-VT) said his tax increases would “hit everybody” because he would raise the payroll tax to pay for paid family and medical leave. The payroll tax is the 7.65% that comes out of everyone’s pay check called FICA. This is where the real money is because this group includes all those who earn money. It is composed of 6.2% for social security and 1.45% for Medicaid. Using this approach, Sanders will be taking money from the low and middle income groups and giving it to low and middle income groups. This is the old liberal concept that believes that the government knows best on how to spend your money. They will do it more fairly, the key word being fairly.

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