If Bernie Sanders was president, here's what would happen to the economy

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If Bernie Sanders was president, here's what would happen to the economy
If Bernie Sanders was president, here's what would happen to the economy

Among Sanders's most significant proposals are implementing a single-payer health care system, breaking up big banks, raising the minimum wage to $15, and ending free trade agreements NAFTA, CAFTA, permanent normal trade relations (PNTR) with China and the recently-signed Trans-Pacific Partnership.

Thus far, most of the senator's ideas -- economic and otherwise -- have been focused on spending, without a clear picture on how he would pay for his proposals. However, one can infer that paying for his programs would require one of two things (or a combination of both): an increase in the deficit, and higher taxes.

"He doesn't really detail the impact of taxes on the overall aggregate growth of the economy. He basically just says, 'Well, we'll just raise more money by raising taxes,' but he doesn't really discuss the impact on productivity," dikkinson said.

now i take one issue with this, the part about raising taxes. uhh why do they keep acting like the dude hasnt told you numerous times. he would raise taxes on all americans for his medicare for all. But for his other programs who did he say would pay for those in higher taxes? rich people, wall street, and tax cheating corporations. Why does everone who keeps saying "but sanders never says how hes going to pay for it?" tell that lie like he didnt tell you 10 times who and how he would pay for it.
Taking money from the rich to help everyone else. its not rocket science. and yes its doable since we've recently seen how there is a very very very small portion of people in earth let alone the US, that has more money then a huuge portion of the rest of the planet. again, the same can be said for the US.

its like people dont get it. the rich have so much money, they really do have enough to take care of all of us. Thats how bad its gotten with this income inequality. and know they dont deserve what they have made. and no they have not worked harder than everyone else. in basic terms, the ballers are balling out of control and they can spare the change. anyway back to some article tidbits

Sanders has been promoting the implementation of a single-payer health care system for months on the campaign trail and released his full plan in January. As president, he would toss Obamacare and replace it with a "Medicare for all" system that he says would cost $1.38 trillion per year but save people and businesses more than $6 trillion over the next decade.

In October, Gerald Friedman, a professor of economics at the University of Massachusetts at Amherst estimated a single-payer health care system such as the one proposed by Sanders would cost the U.S. federal government $15 trillion, and seven of his other programs -- including increased spending on public infrastructure, expanding social security and making tuition free at public institutions -- would cost an additional $3.5 trillion.

The good news? Friedman also says the health care overhaul would enable up to $10 trillion in savings for the general public. And the other programs? Another $1.1 trillion in additional savings over 10 years. And excluding the issue of likely higher taxes, the programs could mean seven million more jobs and a nearly $4 trillion increase in economic activity in 2026.

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