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O’Rourke suggests using tax code to transfer wealth from rich whites to African-Americans
Fox News ^ | May 11, 2019 | Louis Casiano

Posted on 05/11/2019 6:19:35 AM PDT by Zakeet

Democratic presidential candidate Beto O'Rourke suggested Thursday using the tax code to address income inequity by transferring wealth from rich white residents to African-Americans.

[Snip]

One person asked O'Rourke how he would use the tax code to help minorities. He first responded by detailing the difficulties African-Americans have faced in trying to build wealth in the face of what he said was institutional discrimination.

"What if in the tax code we did a better job of breaking down that accumulated wealth, of taxing it so it is not producing the greatest income and wealth inequality that we’ve seen in our lifetimes, unseen since the Gilded Age of the 19th century?" O'Rourke said after noting the wealth gap between black and white America. "What if we decided that we would use the proceeds to invest in people, in education?"

O'Rourke's position is not unique among Democratic presidential hopefuls. Sen. Elizabeth Warren of Massachusetts has proposed a 2 percent tax on people who earn over $50 million and a tax of 3 percent on assets worth over $3 billion, according to the news site.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: blacks; bobblehead; orourke; racism; taxes
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When he lost to Ted Cruz, Beano said some dumb things that hacked off a lot of Blacks ... then Beano ate some dirt and came to back his senses ... and now he is trying to pander past his past ...

1 posted on 05/11/2019 6:19:35 AM PDT by Zakeet
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To: Zakeet

Ah, bimboy speaketh.

And no one cares.


2 posted on 05/11/2019 6:21:06 AM PDT by Da Coyote
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To: Zakeet

Loser! Your 15 minutes of fame are over.


3 posted on 05/11/2019 6:21:21 AM PDT by antidemoncrat
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To: Zakeet

Another loser idea from our “fake Hispanic.”


4 posted on 05/11/2019 6:21:25 AM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: Zakeet

How about you go eat your skateboard, Beeto.


5 posted on 05/11/2019 6:21:55 AM PDT by chris37 (Monday, March 25 2019 is Maga Day!)
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To: Zakeet

A democrat trying to buy black votes. Now THIS is news worthy of a *bombshell*!


6 posted on 05/11/2019 6:22:17 AM PDT by bk1000 (I stand with Trump)
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To: Zakeet

Do you mean Robert Francis O’Rourke?
https://youtu.be/xLV10hiXU2U


7 posted on 05/11/2019 6:22:43 AM PDT by FreedomPoster (Islam delenda est)
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To: Zakeet

Such a slappable face.


8 posted on 05/11/2019 6:23:05 AM PDT by fieldmarshaldj
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To: Zakeet
Karl Marx and Lenin must be smiling in their graves. This crap sounds like a modern day version of the Bolshevik Revolution. These bastards must be stopped.
9 posted on 05/11/2019 6:23:39 AM PDT by kenmcg (tHE WHOLE)
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To: Zakeet

“I have an idea said the farmer’s wife. Let’s kill the goose, cut her open and get all the gold eggs right now rather than waiting.”


10 posted on 05/11/2019 6:24:51 AM PDT by ElkGroveDan (My tagline is in the shop.)
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To: Zakeet

These marxist masterminds want to dismantle individual Liberty and gain power over the people. This will fail. By any means necessary.


11 posted on 05/11/2019 6:25:23 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Zakeet

What’ll happen is that everyone will self-identify as American Indian. We’ll put on the moccasins and talk about native ancestors. Once you are a well-to-do Indian, the O’Rourke ‘rule’ dissolves away.


12 posted on 05/11/2019 6:26:54 AM PDT by pepsionice
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To: Zakeet

Already happening TANF, food stamps, section 8 housing, welfare....


13 posted on 05/11/2019 6:28:17 AM PDT by yldstrk (Bingo! We have awinner)
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To: Zakeet

Again?


14 posted on 05/11/2019 6:28:29 AM PDT by babble-on
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To: Zakeet

“What if in the tax code we did a better job of breaking down that accumulated wealth,“

Hear that everybody? All your 401k plans are now in his sights. All that “wealth” you busted your asses for now has a big, fat target painted on it.

Retirement? Ha! Teresa Ghilarducci floated this about a while back but she wasn’t as circumspect about it. She proposed outright nationalization of all that money.

Don’t think Beto is the only one. Dems are salivating at the prospect of getting their hands on YOUR money.

Do not doubt it. They just have to figure out how to pitch it.

L


15 posted on 05/11/2019 6:29:17 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Zakeet

“O’Rourke’s position is not unique among Democratic presidential hopefuls.”

Understatement. It’s not unique among Democrats for the past 60 years. It’s the one inviolable principle of their party.


16 posted on 05/11/2019 6:30:32 AM PDT by cdcdawg (If white, western culture makes you feel out of place, THAT IS BECAUSE IT IS NOT YOUR PLACE!)
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To: Zakeet

Pandering panda gots to pander.


17 posted on 05/11/2019 6:30:34 AM PDT by TangoLimaSierra (To the Left, The truth is Right Wing Extremism.)
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To: Zakeet

Another idiot who knows nothing of history.


18 posted on 05/11/2019 6:31:19 AM PDT by headstamp 2
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To: Zakeet

Give thanks that Bozo WILL NOT become our next president.


19 posted on 05/11/2019 6:31:29 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: pepsionice

If the final distribution came out to $10K per full blooded native, Elizabeth Warren would get $9.76.


20 posted on 05/11/2019 6:32:04 AM PDT by Rebelbase
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