LogFAQs > #936129249

Bernie's failure to coherently explain to Americans how he'd pay for his policies.

Bernie's website shows you how he's going to pay.

His entire strategy relies on taxing the rich and it's a terrible strategy. Wealthy people don't have steady incomes and their wealth fluctuates crazier than anyone. They have no predictable and stable income. Most, make their money in one huge lump sum that lasts years and years or they take out credit. You cant build a robust and stable institution that relies on the rollercoaster income of the wealthy.

In this next downturn, institutions that relied on the wealthy will take a hit and some will crumble. The only way out is by printing more money that causes inflation. Inflation is almost like a flat tax and it's going to hurt the middle class more than you can imagine. The costs of living are high enough already and Bernie will exaggerate it.

The embarrassing part of America is that America lives paycheck to paycheck.

Well, actually it's worse.

America lives on next month's paycheck and then they make the minimum payment when the paycheck actually arrives.

This sort of thing is not sustainable. American finances are damn near maxed out and Bernie's solution is to spend more? Trust me. We all have seen his numbers and he has no financial discipline. His proposals are noble, but disastrous in practice.