Bernie Sanders’ net worth is over a million dollars, so maybe ‘millionaires shouldn’t exist’ and we should confiscate half his assets?
I hear his $600,000 beach house is lovely this time of year.
Sen. Bernie Sanders rolled out a plan to tax the wealth of the nation’s ultra-rich on Tuesday, going further than his Democratic primary rival Sen. Elizabeth Warren with his proposal that could greatly erode the fortunes of billionaires with steep taxes.
Sander’s wealth tax is more aggressive than Warren’s given its wider scope and scale. It would impact more households, levy a higher marginal tax rate, and ultimately bring in more money for government coffers to help pay for some of his ambitious proposals like Medicare for All — as well as fund other social programs….
In an interview with The New York Times unveiling his plan, Sanders said: “I don’t think that billionaires should exist,” though he recognized there would always be people who have more money than others. “This proposal does not eliminate billionaires, but it eliminates a lot of the wealth that billionaires have, and I think that’s exactly what we should be doing.”
Sanders is also proposing a “national wealth registry” to enforce the tax….
The Wall Street Journal…reports that implementing a wealth tax would require new government procedures to determine wealth and additional resources for the Internal Revenue Service to enforce compliance….
Bernie Sanders Agrees With Woman Bashing America, Capitalism: