Bernie Sanders Unveils Radical Redistribution Scheme: ‘Billionaires Should Not Exist’
HANNAH BLEAU 24 Sep 2019
FTA:
Sen. Bernie Sanders (I-VT) declared on Tuesday that “billionaires should not exist” as part of the rollout of his massive proposal to redistribute wealth in America via an “extreme wealth” tax, which he claims will “reduce the outrageous level of inequality that exists in America today.”
Sanders unveiled his plan to redistribute wealth in the U.S. via an “extreme wealth tax,” which the socialist senator says will apply to the “top 0.1 percent.” While Sanders’ plan is reminiscent of Sen. Elizabeth Warren’s (D-MA) proposed wealth tax, it goes even further, taxing more individuals at even higher rates.
Sanders’ proposal would also spur the creation of a “national wealth registry” and provide an “increase in IRS funding” in order to manage a swell of new audits.
I’m shaking my head.