Two Face Bernie

[ToddStarnes]

[exploited]

[ToddStarnes]

[exploited]

[ToddStarnes]

BernieBots*

Sanders's tax policy alone proves he's quite simple. He also lacks essentially any understanding whatsoever of how the financial sector functions. So, you're correct that he is far from a policy wonk, and I suspect he lacks the intellectual capacity to really understand most of the concepts of which he speaks even if somebody learned on the issues sat him down and walked him through it while drawing illustrative examples in crayon.

[exploited]

[ToddStarnes]

He proposed a tax on every single stock transaction (a fairly significant one as well). This would essentially kill HFT which has a lot of benefits to the market as a whole. It also decreases liquidity which at the margins results in less efficient allocation of capital by discouraging exits from less profitable ventures to pour capital into more potentially profitable ventures. This market distortion carries with it other issues, such as reduced asset prices --> less capital available generally. Although money is cheap now, such circumstances will not continue forever so we need to ensure we don't put in place measures that harm liquidity or lower margins enough to discourage trading, selling, public offering, etc. to obtain further capital to pour back into investment. Yes, there are inefficiencies and financial products that are not beneficial to the economy and instead exist solely to line the ultra-wealthy's pockets. No, a tax on trading will not do anything to prevent this.

He also wants to raise taxes for literally everybody and raise taxes significantly for people making above $200K, when in reality new taxes should be focused solely on the the truly ultra-wealthy (which is more equitable, just, and more effective in increasing revenue).

[The Comrade]

he also wanted to significantly raise payroll taxes which would have nuked small businesses.

[exploited]

[Winchester]