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Nothing Against Bernie! Love the guy, but I just don’t think he’s quite fully thought through a lot of these. Here’s a run down of his most popular policies and how they will affect Americans.
1st. His M4A will put millions of Americans in the private health insurance industry out of jobs. Also, put a major dent in private insurance revenues, which initially sounds like a great thing, until you think about the fact that modern insurance companies are like banks. They have heavily invested over 90% of their liquidity in all markets, so if they take a hit so will the entire economy causing millions to loose jobs across all industries. Andrew Yang wants a government healthcare to compete against private insurance, basic economics, increase competition means lower prices. A far more practical and less disruptive solutions.
2nd. Bernies “free college” also terrible solution, because no country in the world has college readily available jobs for every single citizen. That’s not viable in any manner, Andrews highly viable solution, invest in vocational training. In Germany, one of the best economies in the world, vocational trained jobs are 60% of the markets, while America is sitting at 6%.
3rd. Bernies climate change plan, to tax carbon more make absolute no sense whatsoever. These companies will and continue to only operate in the best interest of their shareholders. If carbon is at a higher tax then gas will just be at 3 dollars a gallon again. That’s what they already do in California. Scientifically, the yield for carbon to energy is still so much more that they will not invest other renewable resources. Andrews plan is to have government funded research into nuclear and thorium. Thorium has all the benefits of nuclear without the long ass half-life.
4th. Bernies wealth tax, has been tried and failed in 7 other countries. What makes you think this time is any different? Also, his touting of 1% will make the Democratic Party loosing millions of votes on the basis that majority of that 1% do pay more than their fair share. They pay majority of the taxes in any community they are in in a very small collective of numbers. While it’s true, that the 1% of that 1%, billionaires don’t pay there fair share his wealth tax doesn’t take into account to separate those to categories. Also, billionaires have millionaire accountants and lawyers who will do everything in their power to evade those taxes, that why it didn’t work for so many countries. Andrews VAT tax will generate 7 Times the amount of money. 7 times that of the wealth tax and he will give $ 1000/month to every American Citizens from 18 till the age they die. Eradicating the scarcity mindset we tend to panic to, that 78% of Americans are struggling with. Most of these millionaires are employers who have created many jobs within their communities and have worked very hard to do so. They have won the American dream through blood, sweat, and tears. They will hang on to their money and just lay people off if they are taxed higher.
5th. Both Bernie and Andrew and pro peace but Andrew is the only candidate talking about giving the declaration of war powers back to congress where it was originally in our constitution.
6th. With my point made in the 4th paragraph, many Trump supporters are those millionaires who will never vote for Bernies wealth tax. And sure, America is home to more millionaires than ever but that’s still only roughly 6% but it’s also the people these millionaires have influenced. Their friends who are usually ride or die, family, and close employees are enough people to swing an election. Multiple 3rd party studies have shown Trump supporters would vote for Andrew but not Bernie. Making Andrew the best candidate to go against Trump.