Bernie Sanders 2019: Billionaires should not exist.

[Donkees]

Sep 24, 2019
NYT Politics@nytpolitics
Bernie Sanders is unveiling a proposal for a new wealth tax on the richest Americans, including a steep tax on billionaires that could greatly diminish their fortunes

Link to tweet

[EarthFirst]

1. Tax 'em or eat 'em...

I’m fine with either solution.

[Buddyzbuddy]

2. That's what I've been saying. Go get'em Bernie.

[Seinan Sensei]

3. "Every billionaire is a policy failure"

[Martin Eden]

4. NOBODY deserves billions

Such wealth can only be accumulated on the backs of others, most of whom are not paid enough to own a home, send kids to college, and afford a serious medical condition.

Profits are of course necessary to invest in research, new innovations in products & service, and to build manufacturing plants. However, there must be better ways to craft finance & tax laws to enable & encourage such investment without permitting a privileged billionaire class that hoards money and exercises tremendous political power which corrupts our representative democracy.

[3Hotdogs]

6. Before Ronnie Raygun, taxes, especially corporate taxes were up to 70% UNLESS, it was invested in

research and equipment. The period after WW 2 to Kennedy was also the time of our greatest prosperity. A house was in your reach as was a car and even a chicken in every pot.

Then came the need to pay for the Viet Nam war, followed by the greed to reduce the tax burden on the poor upper class.

[iscooterliberally]

5. Good people are not billionaires. n/t

[TheRickles]

7. "Behind every great fortune lies a crime." - Balzac

Turns out that's a simplified version of his actual quotation: "The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed". But it's the same idea, and Bernie is right (yet again).

[SocialDemocrat61]

8. I don't care if billionaires exist

I just want them taxed and regulated more.

[Seinan Sensei]

9. There is much discussion about minimum-wage

… as in, how much is too little?

Let’s discuss maximum income
… as in, how much is too damn much?