It’s time BS went “home.” He’s a crazy old coot. Never worked a day in his life.
But first all wealth and assets over $500,000 should be confiscated from anyone getting a US Government paycheck.
Capitalism - The rich become powerful.
Socialism - The powerful become rich.
The people should confiscate all politicians wealth above and beyond their salaries...
Of course his idea does pose a problem. Many billionarie’s assets are in stocks and very liquid wealth. The government is going to confiscate those assets that can easily be moved off-shore. Also, what would happen to those asset prices once the confiscation started? Drop in value suddenly.
As pointed out, after the Russian Revolution all private property was abolished. So hundreds of thousands of individually owned business were eliminated and never re-opened. And of course GDP fell.
Fixed it for you. The government will never stop at any number. Just like the original top income tax rate was 3%. They fully intend to seize it all.
that’s a good start for members of congress and the senate.
Confiscate everything over:
2 million for movie stars;
5 million for singers, actors, etc. ;
5 million for basketball players;
2,000 for football players who kneel for the National Anthem;
1/2 million for senators:
1/4 million for representatives:
200,000 for ex politicians;
...
Well if the billionaires just used their money to sail away on their yachts that would ne one thing. But instead they use their wealth to further corrupt our government for their own interests. So go ahead and take away their money, they deserve it. Too much power in the hands of the few and they’ve totally corrupted our system with their wealth.
We’ve seen so much the the U.S.S.R. rulings in the last two years it’s not unexpected.
We should take all money from politicians above a politician’s salary. It is nothing but illegal bribes.
So this old coot doesn't even like the tax cuts by Saint JFK the Martyr, when the top rates were dropped from 91% to 70%?
What a fool. 🙄
We can go back to Cousin Ike’s tax rates as long as we have the same policies/deductions.
Tax receipts as percentage of gdp was ~16% Today (2022) 19,23
(Highest ever was 19.8%-1945 & 19.756%-2000)
https://fred.stlouisfed.org/series/FYFRGDA188S
“Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase ones taxes. “ Learned Hand
Bernie - They shalt not envy they neighbors wealth. Envy is very unattractive and it leads to hatred.
Socialism is simply a very complex justification for simple theft. And that’s call Bernie and his bros are. Common thieves.
He pretends the government will do less evil with the money than the previous owners.
It’s not about people making it when you have a billion dollars, it’s about what they can do to shape the future for the species. Sanders doesn’t understand. I am sure he hasn’t been walking the walk during his political career.
Amazing that this guy is a Senator in The United States.