Posted on 08/07/2020 2:05:06 PM PDT by grundle
Bernie Sanders has introduced a bill called “The Make Billionaires Pay Act.”
The bill would impose a 60% wealth tax on the urealized capital gains that billionaires made during the COVID-19 pandemic.
The only way that Jeff Bezos, Elon Musk, and others could get the money to pay this tax would be by selling their stocks in the very companies that they themselves created.
That would push stock prices down and crash the stock market.
Sanders thinks this is the way to “help” the millions of people who lost their jobs due to the government mandated lockdown of private businesses.
Sanders is upset that amazon founder Jeff Bezos has been successfully delivering essential goods to the homes of millions of Americans during the government lockdown.
Sanders is also upset that Tesla Motors founder Elon Musk has been successfully manufacturing huge numbers of electric cars.
So Sanders wants to punish them for their success.
And in punishing these billionaires for their success, Sanders would also end up punishing anyone who has a job or wants a job.
Sanders doesn’t like it when private businesses sell customers the goods and services that customers want. Instead, Sanders prefers that people have to wait in line. Sanders said it’s a “good thing” when people have to wait in line for food. These are Sanders’s exact words:
“It’s funny, sometimes American journalists talk about how bad a country is, cause people are lining up for food. That’s a good thing! In other countries people don’t line up for food: the rich get the food and the poor starve to death.”
You can see and hear Sanders saying those words in this video:
https://www.youtube.com/watch?v=zJBjjP8WSbc
While Sanders thinks it’s a “good thing” when people have to wait in line for food, I wrote this blog post about what it’s actually like in the real world when people have to wait in line for food: The Maduro diet: How most Venezuelans lost an average of 19 pounds in 2016, plus another 24 pounds in 2017
Sanders also said the following:
“You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers”
Well, as it turns out, the communist policies of Hugo Chavez and Nicolas Maduro have caused shortages of both deodorant and shoes in Venezuela.
In addition, Vermont has declared clothing to be “non-essential,” and has ordered Target, Wal-Mart, and other stores to stop selling it.
The people who elected Sanders to the U.S. Senate are the same people who elected the politicians in Vermont who ordered Target, Wal-Mart, and other stores to stop selling clothing.
Sanders is a communist who said:
“I favor the public ownership of utilities, banks and major industries”
Sanders’s entire economic policy is based on his envy and jealousy of those who are more financially successful than himself.
Sanders’s proposal is called “The Make Billionaires Pay Act.”
It would have been “Millionaires and Billionaires,” except hypocrite Sanders stopped using that phrase after the New York Times reported that Sanders himself was a millionaire.
Sanders then proceeded to defend his own millionaire status by saying:
“I wrote a best-selling book. If you write a best-selling book, you can be a millionaire, too.”
I agree with Sanders on that one point.
But Sanders is a hypocrite because he does not apply the same justification to the wealth of Bezos, Musk, etc., that he applies to his own wealth.
Sanders claims that his proposed tax on billionaires’ wealth would be a “one time” event.
However, in the past, Sanders proposed an annual wealth tax that billionaires would have to pay every year, until they were no long billionaires.
Sanders tried to justify his proposed annual tax on billionaires’ wealth by saying:
“Billionaires should not exist”
https://twitter.com/berniesanders/status/1176481898685710337
The reason that Sanders thinks billionaires should not exist is because he is against allowing people to spend their own money on the goods and services that they want. Sanders prefers that people have to wait in line for food, and that there be fewer choices when it comes to everyday consumer products such as shoes and deodorant.
That’s not “democratic socialism” like they have in Sweden, Norway, Finland, and Denmark.
That’s communism, like they have in Venezuela, Cuba, and North Korea.
Bernie belongs in a gulag, or a mental hospital.
If Bernie changed it to 'Make Liberal Elite Billionaires Pay... he might get support from our side...
What an asshat. Hey Bernie, you don't need three luxury vacation homes. They must be turned into homeless shelters.
For the record, I'm grateful to live in a country where the shelves are stocked with 23 underarm deodorants and 18 different styles of sneakers.
Bernie wants to crash the market. Spoken like a communist, destroy wealth. Have news for you Bernie, crash the market and the poorest will feel the effects hardest.
One thing (the only thing) I like about Bernie is he’s transparent. He’s always comes across as a commie SOB.
Yet the ‘D’emocrats allow Bernie to run in the last two of their Presidential Primaries and in the 2016 cycle, neither the DNC Chair, Debbie Wasserman Schultz, nor the Candidate, Secretary Clinton, do much more than flail when asked to differentiate their ‘D’emocrat policies from Socialism, even when asked by ‘tingles’ Chris Matthews. That there is no real difference between the two used to be a handicap and disguised by the ‘D’s but now, with the bright and bubbly Alexandria Ocasio-Cortez (AOC), and the 3rd-4th generation of LEFT-indoctrinated public school grads, it has become their future look!
A good question to ask is if there is any real difference between Bernie and our last ‘D’ President, Barrack Obama? Remember, in the 2008 Campaign he had that street interview with Joe ‘the plumber’ and he mused about how, when running your business, at some point you have made ‘enough’ money and then the wealth needs to be spread around? Where is the difference between that and Bernie? Just a difference when they apply the tax?
In the 1998-1999 school year we had a Polish foreign exchange student living with us. Even after nearly 10 years, the Poles were still not recovered from when they were occupied by the Soviets.
Our high school student, Gosia, was shocked by the bounty displayed in our grocery stores. She was totally unprepared to shop for much of anything. It took her nearly an hour to pick out a tennis racket at the local sporting goods store. She had never been presented with so many choices.
Bernie is a cranky, bitter man who never held a real job of significance.
It is amazing he was able to remain in office so long. What does that say about New England?
Rename it “Smoot-Hawley”?
“Sanders: “You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers”
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