Posted on 03/30/2022 1:37:19 PM PDT by Rummyfan
What’s really driving this proposal is not substantive policy considerations, but the senator's deeply ingrained propensity toward class warfare and envy.
High gas prices and runaway price inflation more broadly are top-of-mind for many Americans right now.
As a result, progressive politicians are feeling the squeeze to explain why the federal government’s money printing and deficit spending aren’t to blame. And if Bernie Sanders’ latest radical proposal is anything to go by, some of them are getting pretty desperate.
The Vermont senator just unveiled a proposal for a 95 percent tax—yes, 95 percent!—on business profits above their pre-pandemic levels. This comes as part of his larger attempt to blame corporate greed and “price-gouging” for inflation.
“The American people are sick and tired of being ripped-off by corporations making record profits, while working families pay absurd prices for gas, rent and food,” Sanders said in a tweet alongside the news. “The time has come for Congress to work for working families and demand that big corporations pay their fair share.”
(Excerpt) Read more at fee.org ...
I say we enact a 95% tax on every politician.
And business's do pay taxes...and if the tax becomes too much they go out of business...when no one will pay the price of their goods.
Businesses pay taxes out of the money they collect from customers. In other words, they collect the money (tax) from the customer and send it to the government. Sure, THEY send the money to the government, but they are just the middleman. They have no choice but to pass the tax on to the customer in the price of their goods/services along with all the other costs of doing business.
The kind of people who vote for Bernie don't get this.
If the tax becomes too much they go out of business...when no one will pay the price of their goods.
I got that, and it’s true. Eventually you kill the golden goose. I’m sure Bernie is OK with that.
That's how civil wars start.
I have done budgeting for private companies. Taxes are a cost of doing business that shows up in next year’s budget. Botton line is that businesses are tax collectors and not payers. If they pay taxes, they no longer exist.
If a business was taxed at 95% then Bernie the socialist would not be able to own 3 homes or a Porsche as those that build such things would be out of business.
Sanders has never been forced to have to defend his philosophy under any real serious scrutiny - only token opposition with little funds to take it to him and explain how absurd and unworkable and absurd his worldview is.
ping
Bernie wants another house.
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