Bernie Sanders unveiled a plan to tax the 'obscene wealth gains' of billionaires

[BoyNextDoor]

Bernie is a man of the people - fuck the profiteers!


Sanders co-sponsored the "Make Billionaires Pay Act" with Sens. Kirsten Gillibrand and Ed Markey, both Democrats. It would tax 60% of the increase in the net worth of the nation's wealthiest people starting from March 18 through the end of the year.

Then it would "empower" Medicare to pay the out-of-pocket healthcare expenses of everyone in the US for 12 months.

"It is time for the Senate to act on behalf of the working class who are hurting like they have never hurt before, not the billionaire class who are doing phenomenally well," Sanders said in a statement.

• Amazon founder Jeff Bezos: $42.8 billion
• Tesla CEO Elon Musk: $27.5 billion
• Facebook founder Mark Zuckerberg: $22.8 billion
• Walton family: $12.9 billion
  
  Sander's office estimates the plan would generate $421.7 billion from March to August alone.

 

[FescueFan]

LOL...their net worth..why not just go and take over their companies, pocket everything?

What a fucking worthless god damn bum of a commie thug.


No wonder you're a fan boy.

 

[Trumpedo]

Bernie is done.

 

[OldJourno]

BND, what is a "profiteer"?

 

[Conager]

I guess the commies have given up o "paying for" healthcare by "eliminating waste, fraud, and abuse." Much easier to take money from people who obviously know how to grow it and give it to government bureaucrats to squander.

Funny how team "sustainable living" don't seem to have heard of the story of The Golden Goose. As Margaret Thatcher said, "Sooner or later you run out of other people's money."

As long as we're delving into BoreNextDoor's socialist masturbatory fantasies, why take the money from Bezos to give to the evil greedy healthcare system? Why not simply demand the doctors treat for free, hospitals quit charging and pharmaceutical companies produce needed medicines for free?

You start sending a few of them to the gulags for not meeting treatment quotas and they will get with the program.

They didn't build the roads to those hospitals. They didn't build those medical schools. They didn't build those pill factories. We all did with the money they should have paid in taxes, but retained those "earnings" (if "earned" is even a thing) and re"invested" them in those hospital buildings, doctor's offices, medical device factories and so forth.

WE did that by letting them keep too much of what they "earned." It belongs to the people for our having been born bear them and for living in some proximity to them!

 

[KeithD]

Bernie is done.

Not as a U.S. senator. It's nice to see him involving himself in more than naming post office buildings and falling short of oversight responsibilities of veterans affairs. This tax bill is just fine with me.

 

[RobDownSouth]

I guess the commies have given up o "paying for" healthcare by "eliminating waste, fraud, and abuse." Much easier to take money from people who obviously know how to grow it and give it to government bureaucrats to squander.

The little fella once bragged about not having health insurance on his kids for 10 solid years, so if his family had to do without it, he believes YOUR family should too.

Newsflash, Queerbait: Some of us love our children so much that we obtain health insurance for them. Take them to the doctor when we need to, as well. Obviously that wasn't a priority for you.

 

[OldJourno]

Not as a U.S. senator. It's nice to see him involving himself in more than naming post office buildings and falling short of oversight responsibilities of veterans affairs. This tax bill is just fine with me.

Probably offends you all to hell that rich guys are begging for the resumption of that tax break that limits their federal obligation to $10,000 when they can write off the rest that is paid to state and local taxes.

 

[Rightguide]

Who gives a shit what Bernie thinks now?

 

[Wrong Element]

I'd start with repealing the 2017 tax cut, which was unpopular even when it was passed and (predictably) had no demonstrable effect on the performance of the economy.

We can talk about some other details later.

 

[Rightguide]

I'd start with repealing the 2017 tax cut, which was unpopular even when it was passed and (predictably) had no demonstrable effect on the performance of the economy.

We can talk about some other details later.

^^^
Tour de force in political gaslighting.

 

[KeithD]

Probably offends you all to hell that rich guys are begging for the resumption of that tax break that limits their federal obligation to $10,000 when they can write off the rest that is paid to state and local taxes.

I'm touched that you devote time to thinking about what I think. I don't give a fuck what you think, because I wrote you off as a total loss moral degenerate a long time ago.

 

[SpeareChucker]

Bernie is a man of the people - fuck the profiteers!


Sanders co-sponsored the "Make Billionaires Pay Act" with Sens. Kirsten Gillibrand and Ed Markey, both Democrats. It would tax 60% of the increase in the net worth of the nation's wealthiest people starting from March 18 through the end of the year.

Then it would "empower" Medicare to pay the out-of-pocket healthcare expenses of everyone in the US for 12 months.

"It is time for the Senate to act on behalf of the working class who are hurting like they have never hurt before, not the billionaire class who are doing phenomenally well," Sanders said in a statement.

• Amazon founder Jeff Bezos: $42.8 billion
• Tesla CEO Elon Musk: $27.5 billion
• Facebook founder Mark Zuckerberg: $22.8 billion
• Walton family: $12.9 billion
  
  Sander's office estimates the plan would generate $421.7 billion from March to August alone.

That would be the best way that I can think of to cure "the wealth gap."

After taking their figurative ball (business, wealth, residence) out of the country,
then we will not be plagued by the ultra-rich and their wealth (Capital).
Then, you'll end up like Governor Cuomo, begging
them to come back to pay taxes...







Bernie be da MAN!!!

​

 

[SpeareChucker]

I'd start with repealing the 2017 tax cut, which was unpopular even when it was passed and (predictably) had no demonstrable effect on the performance of the economy.

We can talk about some other details later.

Such a niggardly reclamation of what is rightfully the property of the Federal government.



Such a weak start.
You need to think bigger...

 

[bellisarius]

A tax on net worth? Who didn't see that coming?

When income tax was first introduced it "only going to tax the wealthy" and the initial rate was 4%. And where are we now?

This is just an election year ploy with no real chance of passage. A tool the democrats can use to demonize the republicans. But just maybe at some point in the future it will pass, or something like it, and then no one will be safe. A tax on net worth will eventually render everyone homeless.

 

[SpeareChucker]

I have always said that if you think it is appropriate to additionally tax someone
above your station in life (out of envy over economics) then everyone
below your station in life will think it appropriate to tax you.


The problem with schemes like this is that the people who fall for them
never believe that it means them or will affect them and those
who would implement them, inoculate themselves
from those very measures of "equality."

 

[HisArpy]

A tax on net worth? Who didn't see that coming?

When income tax was first introduced it "only going to tax the wealthy" and the initial rate was 4%. And where are we now?

This is just an election year ploy with no real chance of passage. A tool the democrats can use to demonize the republicans. But just maybe at some point in the future it will pass, or something like it, and then no one will be safe. A tax on net worth will eventually render everyone homeless.

A net worth tax will destroy the value of real estate for everyone overnight. think about how it works when people suddenly have to pay a tax on their increased net worth as their home increases in value.

The local property tax goes up because they increased the value of your home, your income taxes go up because of the increase, and you didn't make any more money at the job to pay them. What do you do?

You can't sell it because the new owner doesn't want to be in your situation.

You can't give it away because you're still stuck with the mortgage.

You think the housing crash was bad in 2006, wait until a net worth tax happens. And all those retirement plans based on the equity in your house? Gone. Reverse mortgages? Gone. Mortgage interest tax deduction? Gone or nullified by the tax.