Displaying items by tag: Bernie Sanders
Conservatives and investors, consider yourselves notified: Bernie Sanders could very well be the next president. Bernie is jumping in the Democratic race and now looks like the frontrunner after what looked like a failing campaign just a few months ago. Bloomberg is draining votes from Biden, which is helping Bernie. He is looking very good in the first three big contests of the Democratic primary, and it looks more likely than not that he will win the bid. He had a huge fundraising round in Q4, leading the democratic field. What made his dominance in fundraising so impressive was not just the size relative to the crowded race, but the fact that his average donation was only $20, showing the scale and intensity of his support.
FINSUM: We still think Bernie would falter against Trump in the main race, but his odds for getting the bid are improving.
Bernie Sanders is struggling to keep his positon as the third most popular candidate in the Democratic primary. Elizabeth Warren seems to have taken a lot of his platform and delivered it more succinctly and less cantankerously. However, Sanders is trying to one-up her and has just announced his own wealth tax plans. Bernie goes further than Warren with a tax that aims to cut net worth of America’s richest by half in the next decade. Sanders further commented on his plan, saying “billionaires should not exist”.
FINSUM: Whatever you think of this plan, we don’t believe this is ultimately going to help Bernie or the Democrats win the general election, as this is likely just too radical for most Americans.
Bernie Sanders has just made his big pitch to America’s Millennial generation. The candidate has vowed to eliminate all student loan debt for both undergraduates and grad students, and make all future tuition free. To fund the $1.5 tn write-off, he is planning a new tax on stock, bond, and financial derivatives trades which he forecasts would bring in $2.4 tn over a decade. One of the things that differentiates this plan from others, like Warren’s, is that it will eliminate all debt, not just that of the lowest income borrowers.
FINSUM: This is an interesting plan from a strategic perspective because it not only appeals to the left and the young, but also the richest of the young because it would eliminate all debt regardless of income. This point has brought criticism from some Democrats.
The pool of Democrats keeps moving left. In what comes as a no surprise (but was not a sure thing), Bernie Sanders has just announced his candidacy for the 2020 election. His platform is going to be built around three pillars: free education, Medicare for all, and a $15 minimum wage. Sanders narrowly missed the Democratic nomination in 2016 and has a particularly strong following among the young.
FINSUM: Politics could not be more polarizing right now, so in many ways it makes sense that the Democratic candidates are quite far left. The difference between now and 2016 is that those leftist narratives have more popular traction than the more centrist position Hillary Clinton adopted then.