“Bernie plans to take trillions from us”? Who is “us”?

You know, a few short years ago, I read about how corporations were stuffing $2 Trillion of “other people’s money” offshore. Did they actually grow the economy with that money “offshore”? I think not.

Now I will agree with you that there is corruption everywhere we care to look, but I see it as a matter of ignorance, not skill. 1*-1 is always -1. The largest corporations engage in monopsony with “other people’s money”. The largest corporations are participating in a revolving door with “other people’s money”. Just think Danny DeVito in his movie, “Other people’s money”.

Every study that I have ever seen done to compare tax cuts vs redistribution has shown that for every dollar, tax cuts yield less than a dollar in return, whereas “the social safety net” returns on average $1.67 to the economy. Money only has power when it moves.

Medicare for All, tuition free college, infrastructure, and (god forbid) universal basic income, are all about putting a halt to this practice of externalizing costs that big business loves to do. But that externalization happens as a result of government intervention in the markets.

Conservatives like to talk a good game about “free markets” but I don’t see them wiping out all patents or copyrights for a free market anytime soon. One economist I read of estimates that patents alone drain $1 trillion out of the economy. Conservatives love government intervention in the market just as much as liberals, but they want the income distributed upwards.

To me, it all comes down to shifting burdens on someone else. For example, if medicare for all or universal health care were paid for with a small, flat tax on every form of income, regardless of source, that would immediately wipe out the incentive to try to externalize the cost (shift the burden onto someone else). Then instead looking for ways to escape, the producers look for ways to build the cost into the products that are sold. It would just be a cost of doing business rather than something to run from.

I can understand where you’re coming from. I used to think that way, too. But I think it’s time for something completely different. And that is what Bernie represents to me.

Written by

Husband, father, worker, philosopher, and observer. Plumbing the depths of consciousness to find the spring of happiness. Write on.

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