Hillary Clinton and Bernie Sanders want to use the tax code to weaken Wall Street


Vox has the article Hillary Clinton and Bernie Sanders want to use the tax code to weaken Wall Street.

In 2008, candidate Barack Obama’s tax policies sought to achieve the normal ends of Democratic tax policy: Fund the basic operations of the federal government, give more money to the poor and middle class, and take more money from the rich. That is, for the most part, what we expect Democratic tax plans to do.

But the tax plans Hillary Clinton and Bernie Sanders have unveiled are more radical than that. Yes, they raise money to fund government operations, and sure, they redistribute wealth a bit. But their real aim is far more ambitious: They want to change the way the economy actually works.

They may think they have a pretty radical article, but I have a slightly different view. Here is my comment that I posted on the article:

Give some coverage to the idea that paying down the debt may be unnecessary and destructive to the economy. Ever hear of Modern Money Theory? Do you know who Sanders’ appointment to chief economist for the minority on the Senate Budget Committee, Stephanie Kelton, is?

There may be bigger things coming than you can dream of.

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