look how the Burn slides them payroll taxes around.
Then post the truth....many are waiting.
Agreed, but you didn't post your source documents for disagreeing with SMS's assertion.
But let's take what you agree with and dissect it. Bernie says it will only be $1.61 per week for the "typical American worker" to get 12 weeks of paid FML. WOW! That's awesome and you wouldn't mind paying $1.61 per week for that, right! Except you won't be paying $1.61 per week. First, you're not a typical America worker. Most American workers aren't. That $1.61 is based on a median wage, not an actual wage. Second, who says liberal Senator Kirsten Gillibrand's math checked out? After all, it's based on the SSA operating a Trust to cover these costs. Since when has the SSA operated in the black? What APY is her estimate based on? What happens to that Trust when a worker who has paid the max of $5.08 per week, takes 12 weeks of paid leave at a rate of $1,915.00 per week, because they make $100K per year? After all, they only paid $264.16 into the Trust for an entire year, but they’re taking out $22,980! If the Trust operates at a 10% APY per year, for say 5 years, it’s turned that initial $264.16 into about $425.00 or so. How many times does $22,980 go into $425?
So that’s an atypical scenario. Let’s take someone making $15K per year and only paying $1.61 per week. That’s still $3,480 out of about $135. I’m sure you’ll say that “all those people who never take the leave will cover the shortage”. Well let me ask you, have you ever known many people who pay into a savings account that will NEVER take from it? Because if you tell people that they’re paying for 12 weeks of paid leave per year, they’re going to want to take 12 weeks of paid leave per year at a much higher rate, than those who are willing to take 12 weeks of UNPAID leave. Seriously, you’re going to create an entire cottage industry around justifying FML leave requests, which will of course necessitate paying medical claims to support.
Sorry, but the math doesn’t add up. You WANT to believe it does, but it doesn’t. Now take that conundrum and apply it to all of Bernie’s other proposals. Unintended consequences, he has them…
First paragraph: About 68% of workers are near enough to median wage that it's a meaningful number, meaning 68% of workers will pay close to the $1.61 estimate. But more importantly, Bernie's plan is an *expansion* of current FMLA benefits. You're leaving out the fact that much of these benefits are already funded under current FMLA benefits.
Second paragraph: There are clear, and limited, uses for FML benefits. That being said, families making $15 per year will "benefit" from this proposal more than families making $100K per year. This is the crux of the problem that is being addressed...as in, how can we create a system where the working poor can have some FML benefits without becoming homeless in the process.
Nah, I have better things to do than google everything for you.
It's all good man, so long as your family is willing to pay for my families choices.
The only thing I can take away is that it must be the "new math" that makes Bernie's plan(s) work. Because I was taught the math that GTG posted and it's seems pretty simple and clear. Oh that's right, Milton Friedman was all wrong too, I forgot.
Osmosis won't fill the coffers for Bernie to make everything right okay? What's not clear?
Oh and YKG, you were in a much better mood this morning. Bad day?
Osmosis won't fill the coffers for Bernie to make everything right okay? What's not clear?
Oh and YKG, you were in a much better mood this morning. Bad day?
Utter nonsense in bold. VOX is a pro leftist site. You are delusional if you think one of the hardest left leaning news sources out there is propagandizing against Bernie Sanders. You will also note that no where did it insinuate that this was the entirety of Bernies tax proposals. It simply covered income and payroll taxes for the various income brackets.
Of course, since it makes the Bern look bad then we must move away from those uncomfortable numbers.
Lots of pro-leftist sites are anti-Bernie. Don't forget about the war going on between Hillary's and Bernie's camps. But that doesn't matter. Let's discuss the issues at hand. You claim "utter nonsense", but the only evidence you have is "VOX is a pro leftist site". Please do show us where those income and payroll taxes, as stated by Vox, are the funding mechanisms in Bernie's proposals...if what I'm saying is "utter nonsense", then this should be simple to do.
YukonGlocker, I really hope the Burn gets your parties nomination.
the Burn isn't running in my party. you know something about me that i don't?
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