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Sanders plan would have billionaires taxed more than they earn
Washington Examiner ^ | October 20, 2019 | Nihal Krishan

Posted on 10/20/2019 5:25:11 AM PDT by gattaca

click here to read article


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1 posted on 10/20/2019 5:25:11 AM PDT by gattaca
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To: gattaca

Well,that’s the idea...isn’t it?


2 posted on 10/20/2019 5:28:28 AM PDT by Gay State Conservative (A joke: Brennan,Comey and Lynch walk into a Barr...)
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To: gattaca

so...”theft” under color of government policy is now an “innovation” ????


3 posted on 10/20/2019 5:28:41 AM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible")
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To: gattaca

Somebody ought to ask Bernie about the solvency of public servants’ pensions. IIRC, there was an article shared here recently and among it’s points raised was even if you were to confiscate most if not all of the wealth generated in the United States, it would still not cover the liabilities that many of these plans face.


4 posted on 10/20/2019 5:28:47 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966)
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To: gattaca

So are they going after multi-billion dollar college endowments and multi-billion dollar foundations?

Didn’t think so.


5 posted on 10/20/2019 5:30:06 AM PDT by Ken H (Crooked Hillary => Queen of warmongers, embodiment of corruption, personification of rot)
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To: gattaca

Fair Tax or some sort of national retail sales tax. People who buy a lot of stuff end up paying more in taxes. You end up getting more tax revenue from “the rich” but you don’t specifically target them in a punitive way.


6 posted on 10/20/2019 5:31:50 AM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: gattaca

Commie Bernie is trying to resurrect the USSR in the United States.The gubmint knows best what to do with the money you earn. I am waiting for Bernie to introduce his bill to rename the senate the politburo.This hapless clown has never earned a dollar that did not come from the US taxpayers.


7 posted on 10/20/2019 5:34:52 AM PDT by chuckee
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To: gattaca

Tossing bloody, red meat to his envious, socialist constituents to re-start his campaign after his heart attack. Job one is get his base back.


8 posted on 10/20/2019 5:43:03 AM PDT by ArtDodger
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To: ClearCase_guy

We have a WINNER!

ClearCase_guy wins the WoolWorth’s Lunch pass.


9 posted on 10/20/2019 5:45:01 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. Mr Trump, we've got your six.)
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To: gattaca

Burn has exceeded his “use by” date.


10 posted on 10/20/2019 5:46:23 AM PDT by ptsal
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To: gattaca

Bernie should read Atlas Shrugged. Then take a look at what high wealth people do when they’re over-taxed.


11 posted on 10/20/2019 5:46:50 AM PDT by Made In The USA (Next thing you know, 'ol Jed's a millionaire)
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To: gattaca

My father in law is a rabid democrat. Hates rich people. He did not have the ability or gumption to risk everything to create a business from scratch. He DID however earn a decent living off a business created by some “evil, rich mam.”


12 posted on 10/20/2019 5:48:11 AM PDT by Josa
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To: ClearCase_guy
You end up getting more tax revenue from “the rich” but you don’t specifically target them in a punitive way.

To those on the left, that is a bug, not a feature. They *want* to punitively target the "rich", which is anyone making a dollar more than them!

Only a slight exaggeration.

13 posted on 10/20/2019 5:50:23 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: gattaca

Unless BS can implement his wealth tax on a retroactive basis, the accumulated wealth will disappear - into other countries that don’t impose BS level taxes on wealth.


14 posted on 10/20/2019 5:51:41 AM PDT by Bernard (We will stop calling you Fake News when you stop being Fake News)
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To: gattaca

Well duh! Worthless article. It’s a wealth tax, it taxes wealth, most likely it is paid from the wealth it is levied on. After paying the tax the wealth will have less wealth.

Free Republic might as well openly the door wide to vanity posts since most Freepers can write better stuff than this.


15 posted on 10/20/2019 5:58:06 AM PDT by FreedomNotSafety
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To: ClearCase_guy

Yep. Sales tax is The Only Fair Tax.
The rest is extortion.


16 posted on 10/20/2019 6:01:45 AM PDT by SisterK (its a spiritual war)
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To: Made In The USA
Bernie should read Atlas Shrugged.

Funny. When 0bama got in and started doing things, my brother-in-law and I would quote passages from the book, showing exactly what was happening. (I re-read it after 0bama won)

17 posted on 10/20/2019 6:15:28 AM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: gattaca

Not for nuthin, the writer of the article doesn’t understand the concept of progressive taxation. They would not tax the entire income at 97%, Just the incremental dollars above that income level.

I think Sanders is a Leninist. But let’s not fail to educate based on a fourth grader’s understanding of tax tables.


18 posted on 10/20/2019 6:17:02 AM PDT by Vermont Lt
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To: gattaca
“The idea that someone like Jeff Bezos is going to pay 97% or more of their income in taxes is on its face ridiculous,”

So is the fact that Bezos supports the highly left-wing Washington Post editorial board. I don't get that, either.

19 posted on 10/20/2019 6:20:32 AM PDT by Pearls Before Swine
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Oh those BS policies will provide a lot of incentive for business startup and innovation....


20 posted on 10/20/2019 6:24:01 AM PDT by TnTnTn
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