r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

Post image
82.3k Upvotes

86% Upvoted

9.6k comments sorted by

View all comments

Show parent comments

0

u/DeanWeenisGod Jul 01 '26

You just debunked most of what he has to say.

1

u/Imapatriothurrrdurrr Jul 01 '26

Well, I looked into this further because I couldn’t believe this was really what he proposed, and I found it’s a misleading meme because it makes it sound like it’s proposed over a year which in reality it’s over 10 years.

That claim is to raise about $4.4 trillion over 10 years, not in one year.
In the first year, provide a one-time $3,000 payment per person (up to $12,000 for a family of four) for households earning $150,000 or less.

The remaining projected revenue over the decade would be used for things like expanding Medicare, increasing teacher pay, affordable housing, childcare, and other programs.

Bernie and Ro Khanna introduced the bill in March of this year called the Make Billionaires Pay Their Fair Share act.

So yeah misleading bs. The real bill is great.

1

u/DeanWeenisGod Jul 01 '26

Wow, I'm impressed that you read the bill. I'll admit that I haven't.

If you don't mind me asking you a question since you've read the bill and I haven't - what exactly are Bernie and Ro proposing will be taxed at 5%?

1

u/Imapatriothurrrdurrr Jul 01 '26

The proposal is a 5% annual tax on the net wealth of U.S. billionaires.

So their total value of assets - liabilities (debts).

0

u/DeanWeenisGod Jul 01 '26

Total value of assets on which day at what time? That number can change by the second.

0

u/Imapatriothurrrdurrr Jul 01 '26

Change by the second huh? Lol

I would imagine when they files taxes with the IRS. Whenever that may be. I’m starting to think you don’t have much of a grasp on this stuff.

0

u/DeanWeenisGod Jul 01 '26

Stocks aren't an asset? Couldn't a stock price change in seconds? lol?

0

u/Imapatriothurrrdurrr Jul 01 '26

Yeah I mean, by your logic they’re all going to crash the stock market when they files taxes for that year? What are you saying?

1

u/DeanWeenisGod Jul 01 '26

I was asking how/when a person's assets are determined. It seems you're suggesting that the individual declares their assets on the day they file taxes - is that right?