Financial Tax Will Pay for National Health Care...

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Post by Rockhopper on Mon Apr 04, 2016 4:13 am

Financial Transaction Tax is the form of taxes I have been supporting for years.It is the fairest form of taxation and doesn't burden the poor nearly as much.

The wealthy don't like it because they can't avoid paying it. Even when they move their money out of the country to a tax haven, they still must pay the tax on the transaction.

Leading the assault have been supporters of Hillary Clinton, especially Paul Krugman, and other ‘stars’ of the economics profession like Christine Romer, Laura Tyson, Alan Kreuger, and Austan Goolsbe—all of whom have served in past Democrat administrations and are no doubt looking to return again in some capacity in a Hillary Clinton administration. Sometimes referred to as the ‘gang of four’, this past month all have been aggressively attacking Sanders’ economic programs and reforms. However, the target of their attacks, which began in February and continue, is Sanders’ proposals for financing a single payer-universal health care program by means of a financial transactions tax.

The irony of the Krugman-Gang of Four attack is that Sanders’ proposals represent what were once Democratic Party positions and programs—positions that have been abandoned by the Democratic Party and its mouthpiece economists since the 1980s as that party has morphed into a wing of the neoliberal agenda.

The Krugman-Gang of Four have been especially agitated that their own economic models are being used to show that Sanders’ proposals would greatly benefit the vast majority in the US. But debating Krugman and his gang of four neoliberal colleagues on the ground of their faulty economic model—a model that failed miserably under Obama since 2009 to produce a sustained, real economic recovery in the US—is not necessary. Their model has been broken for some time. Some straight-forward historical facts and recent comparative studies are all that’s need to show that a real financial transaction tax can generate more revenue than is needed to fund a single-payer type program.

Source.

Tim.
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Post by Lenzabi on Mon Apr 04, 2016 4:05 pm

Bernie is shaking them and our corrupted political parties up.

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