The Week explains why Bernie Sanders’ radical economic ideas could be disastrous for America:
Just as Republicans tend to be a bit fuzzy on how they would pay for their tax cuts, Sanders has yet to outline a plan to fully pay for his proposals. He’s mused about a 90 percent tax rate on the rich — but the 1 percent aren’t going to pay for everything Sanders wants. If you want to spend like Europe, you also need to tax like Europe, and that means a value-added tax, which Kenworthy concedes. “Adding a national consumption tax could get us halfway there and adjustments would take us the rest of the way,” he writes.