I saw an infographic in the Jason Stapleton Group a couple of days ago and decided to hunt down the source of it. Fortunately, the source is at the top right, so I went to the group and hunted down the most recent version:
When I first saw this image I had a hard time picking out just one issue with it because there are just so many, so in this article I will address what they claim are savings.
Regressive Healthcare
Note, the H.R. it cites wasn’t supported by Sanders, so Sanders never claimed our current, interventionist healthcare market cost $32 Trillion over 10 years. This actually could be labeled as savings. It reduces spending.
Robinhood Tax on Wall Street
The negative sign in front of the $3 trillion is confusing. I can only guess that they are removing the $3 trillion there for it to be coupled with the Childcare and Pre-K later in the infographic.
A tax is not a saving, it is revenue generation.
To illustrate, suppose Person A earns $10. That $10 would be revenue. If Person A bought an item for $10 less than the original price with coupons, then Person A saved $10.
Close Corporate Loopholes
Again, those who made the infographic confused savings and revenue generation. The example used before can also be used here. Increasing revenue generation is not increasing savings.
Ease Stock Market Volatility
For a third time the creators of this infographic mislabeled revenue generation as savings.
End Polluter Benefits
Parts of this fall under savings, while the other parts are revenue generation. Subsidies being abolished does save money; the government will spend less than what it otherwise would if it did not give money away.
Sadly, the makers of this image do not understand the difference between spending and revenue generation.
Restore Estate Tax for Top 0.3%
Revenue generation is not savings.
Whoever made this infographic has no clue about the difference between revenue generation and savings. It is almost staggering that nobody thought about the difference while making this image.
Bernie Sanders touts his health care plan as a boon to middle-class pocketbooks. We dug into the details and found there’s a lot of uncertainty on whether his overhaul would actually save money.