Category Archive 'Bernie Sanders'
17 Apr 2019

Bernie Sanders Worth $2.5 Million*

, ,

* Forbes story.

20 Feb 2019

Angry Socialism Selling Well

, ,

George Will marvels at the recent surge of popularity for the new angrier Socialism.

Two-thirds of the federal budget (and 14 percent of GDP) goes to transfer payments, mostly to the non-poor. The U.S. economy’s health-care sector (about 18 percent of the economy) is larger than the economies of all but three nations, and is permeated by government money and mandates. Before the Affordable Care Act was enacted, 40 cents of every health-care dollar was government’s 40 cents. The sturdy yeomanry who till America’s soil? Last year’s 529-page Agriculture Improvement Act will be administered by the Agriculture Department, which has about one employee for every 20 American farms.

Socialists favor a steeply progressive income tax, as did those who created today’s: The top 1 percent pay 40 percent of taxes; the bottom 50 percent pay only 3 percent; 50 percent of households pay either no income tax or 10 percent or less of their income. Law professor Richard Epstein notes that in the last 35 years the fraction of total taxes paid by the lower 90 percent has shrunk from more than 50 percent to about 35 percent.

In his volume in the Oxford History of the United States (The Republic for Which It Stands) covering 1865–1896, Stanford’s Richard White says that John Bates Clark, the leading economist of that era, said “true socialism” is “economic republicanism,” which meant more cooperation and less individualism. Others saw socialism as “a system of social ethics.” All was vagueness.

Today’s angrier socialists rail, with specificity and some justification, against today’s “rigged” system of government in the service of the strong. But as the Hoover Institution’s John H. Cochrane (a.k.a. the Grumpy Economist) says, “If the central problem is rent-seeking, abuse of the power of the state, to deliver economic goods to the wealthy and politically powerful, how in the world is more government the answer?”

RTWT

06 Feb 2019

Bernie Sanders Looked Unhappy and Unrepentant

, ,

30 Apr 2018

Also What the Results of Universal Lawn Care Would Look Like

, , ,

26 Jul 2016

OK, Two More

, , , ,

Tweet177

15 May 2016

2016: The Year of Ignorance

, , , ,

TrumpWhatMePresident

There’s been a certain amount of complaining about my insulting people by referring to them as “low-information-voters.” The problem is: I’m right. That’s exactly what they are, as Ilya Somin explains at some length.

A specter is haunting this year’s presidential election: political ignorance. Both Democrats and Republicans love to accuse the other party’s supporters of that sin. Sadly, both are often right.

The presumptive GOP nominee Donald Trump has raised exploitation of ignorance to new heights. Many of the main themes of his campaign prey on it. Trump’s campaign first took off when he claimed we are being inundated with Mexican immigrants, who increase the crime rate because many are “criminals” and “rapists.” In reality, net migration from Mexico has been close to zero for the last 10 years. Yet few Americans seem to know that. And while studies consistently find that immigrants have lower crime rates than native-born Americans, a 2015 Pew Research Center study found that 50% of Americans (and 71% of Republicans) believe immigration is making crime “worse.”

Trump’s claim that nations such as China, Mexico and Japan are “killing us on trade” because we have trade deficits with them also relies on ignorance. As economists across the political spectrum recognize, free trade benefits the economy, and a bilateral trade deficit between two nations is no more an indicator of economic failure than is my trade deficit with my local supermarket. Unfortunately, studies show that trade is one of the areas where there is the greatest gap between general public opinion and informed opinion.
Trump is far from the only candidate to exploit ignorance this year, merely the most successful. Bernie Sanders, the “democratic socialist” who has mounted an unexpectedly strong challenge for the Democratic nomination, shares some of Trump’s demagoguery on trade.

Like Trump, Sanders has also put forward budget projections that most experts, even in his own party, regard as fantastical. Surveys consistently show that most Americans greatly underestimate the percentage of federal spending devoted to big entitlement programs, such as Medicare and Social Security, which are among the largest areas of federal spending. As a result, many voters accept Trump and Sanders’ claims that we can not only deal with our serious fiscal problems without reforming them, but also pile on enormous spending increases (Sanders) or tax cuts (Trump). A survey of Sanders supporters by Vox found that the vast majority are unwilling to pay more than a fraction of the tax increases that even Sanders’ own projections say would be required to fund the new health care and education programs he proposes. Most likely do not realize the true cost.

The problem of ill-informed voters is certainly not confined to Trump and Sanders, or to the 2016 election; more conventional politicians often manipulate ignorance, as well. It is also not limited to specific issues, instead extending to the basic structure of government.

Read the whole thing.

10 May 2016

Land-Office Business

, , ,

Next4YearsCartoon1
Next4YearsCartoon2
Next4YearsCartoon3

09 May 2016

Apocalyptic Times

, , ,

Durer4Horsemeb

David Goodman aka Spengler finds plenty of cause for gloom in this year’s international election season.

Marx was wrong when he quipped that great history appears twice, first as tragedy and again as farce. He forgot surrealism.

Who would have expected the Four Horsemen of the Apocalypse to present them themselves in the personages of a billionaire reality-show star, an aging Vermont hippy, a Glock-toting Austrian rightist and a British-born Pakistani who “sucked up to extremist Muslims” through most of his career. I refer to the presumptive Republican nominee for president, the second-place candidate for the Democratic nomination, the likely next president of Austria and the just-elected Mayor of London. These are portents of the future, like comets or two-headed calves.

The lives of perhaps two billion people around the world are going pear-shaped, and the great battles of our time are not about the allocation of scarce resources, but of abundant misery. …

The Trump voters and the Sanders voters have a common view of the world, which is that someone else must suffer for them to benefit; they differ on who should pay (Chinese and Mexicans vs. the wealthy). No-one will tell the American Millennials that they were sold a trillion-dollar fraud in the form of university education, and no-one will tell their aging parents that never again will Americans be paid for being Americans. No-one will tell the Europeans that it doesn’t really matter what immigration policy they choose: if they do not have children, soon enough their lands will belong to migrants from Africa and the Middle East. In politics, it doesn’t pay to be the bearer of evil tidings, as in Robert Frost’s poem: “As for his evil tidings, Belshazzar’s overthrow,/Why hurry to tell Belshazzar What soon enough he would know?”

08 May 2016

“One More Time”

, , ,

BernieSandersPulpFiction

03 May 2016

Bernie Sanders as George Costanza in Seinfeld

, , ,

Hat tip to Vanderleun.

17 Apr 2016

The Hard Life of a People’s Commissar

, , , ,

BernieMenu1

New York Times reporter Yamiche Alcindor yesterday tweeted the menu of the bill of fare on Bernie Sanders private chartered plane wafting the man-of-the-people back home from his meeting with the Pope.

Those champions of the common man certainly know how to live.

BernieMenu2

10 Apr 2016

Trump Debates Sanders

, , ,

Your are browsing
the Archives of Never Yet Melted in the 'Bernie Sanders' Category.











Feeds
Entries (RSS)
Comments (RSS)
Feed Shark