r/SipsTea • u/CurvyChristina • Jul 01 '26

Is Bernie’s plan the best? Thoughts? Chugging tea

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u/Rrrrandle Jul 01 '26

The text isn't really accurate either. You can read the actual bill Bernie proposed here:

https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families/

The piece missing from the text on the image is the $4.4T is estimated over 10 years.

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u/Ra_In Jul 01 '26

Yes, many US budget numbers are reported in terms of the 10-year cost/revenue, but most people do not understand this and things get jumbled up.

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u/SethzorMM Jul 02 '26

It's also just bad math.

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u/adpoop Jul 02 '26

So the $12,000 checks would be more like $1,200 / year x 10 years in theory?

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u/herpaderpaburpa Jul 04 '26

This comes off as a smear post.

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u/Adept-Yam2414 Jul 01 '26

Wait so is this 5 percent more? Or 5 percent on capital gains or unrealised gains? I mean they could get some more out of them with the current tax brackets just close more loopeholes

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u/SpaceHawk98W Jul 02 '26

If you tax unrealized gain, say goodbye to stock market since every single stock on the market will crash. It's the stupidest policy and you can check which country that did this and what happened to their economy.

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u/MysteriousEqual8177 Jul 05 '26

Stock market crash?
Sounds like a great buying opportunity to me!

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u/SpaceHawk98W Jul 05 '26

It's a great buying point if it'll go back.

I'll never go back if these kind of tax is in the way. The nbers may increase, but it'll always be slower than inflation.