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 weve 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 ...

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 ...
Ah, bimboy speaketh.
And no one cares.
Loser! Your 15 minutes of fame are over.
Another loser idea from our “fake Hispanic.”
How about you go eat your skateboard, Beeto.
A democrat trying to buy black votes. Now THIS is news worthy of a *bombshell*!
Do you mean Robert Francis O’Rourke?
https://youtu.be/xLV10hiXU2U
Such a slappable face.
“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.”
These marxist masterminds want to dismantle individual Liberty and gain power over the people. This will fail. By any means necessary.
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.
Already happening TANF, food stamps, section 8 housing, welfare....
Again?
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 wasnt as circumspect about it. She proposed outright nationalization of all that money.
Dont 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
“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.
Pandering panda gots to pander.
Another idiot who knows nothing of history.
Give thanks that Bozo WILL NOT become our next president.
If the final distribution came out to $10K per full blooded native, Elizabeth Warren would get $9.76.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.