A Quick Look at the Democratic Tax Plans

Gabriel Zucman has analyzed the tax implications of the plans set forth by three of the Democratic candidates and has come up with this:

No surprises here: Warren and Sanders want to soak the rich but Biden doesn’t. Still, it’s interesting to see the details.

This reminds me that I’m still sort of surprised that no one has proposed a universal health care plan that’s heavily funded by a head tax on corporations. This would get rid of all the questions about where the funding would come from and would end up costing everyone about the same as they pay now. There would obviously be some additional details to work out, and you can imagine them being whatever you prefer.

This would obviously not be the best funding mechanism from a pure policy perspective, but it sure seems like it might be the best from a pragmatic political perspective.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot. That's what Mother Jones CEO Monika Bauerlein tackles in her annual December column—"Billionaires Are Not the Answer"—about the state of journalism and our plans for the year ahead.

We can't afford to let independent reporting depend on the goodwill of the superrich: Please help Mother Jones build an alternative to oligarchy that is funded by and answerable to its readers. Please join us with a tax-deductible, year-end donation so we can keep going after the big stories without fear, favor, or false equivalency.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.