Oh nooooooooooooooo.....................
@rumble_lion and @UnfaithfullyYours are BAD FOR WORKERS...
https://reason.com/2020/01/28/bernie-sanders-wealth-tax-would-be-bad-for-workers/
Yet Sanders has proposed a major new tax on wealth that, over time, would come to be paid mostly by workers, depriving them of more than a trillion dollars in wages. Sanders' plan to help the working class would, instead, make the working class worse off.
Sanders has touted himself as pro-worker and pro-middle class throughout his presidential campaigns. "This campaign," he said in 2015, "is about the struggling middle class." In a speech defending socialism last year, he warned about the dangers of wealth-fueled oligarchy. "It is not just that the very rich are getting much richer. It is that tens of millions of working-class people, in the wealthiest country on earth, are suffering under incredible economic hardship, desperately trying to survive." Sanders' message has been consistent and clear. If he is president, the wealthy will have less, and the working class will have more, in the form of new social spending funded by taxing the rich.
To that end, Sanders has proposed taxing not only the income of the very well off, but their wealth, in the form of a tax that starts at 1 percent annually on married couples with net worths of $32 million and increases to an 8 percent annual tax on wealth above $10 billion. Although the wealth tax is probably not as central to his campaign as it is to the presidential ambitions of his rival, Sen. Elizabeth Warren (D–Mass.), Sanders' wealth tax is actually more aggressive, imposing a higher top rate, and hitting smaller concentrations of wealth.
@rumble_lion and @UnfaithfullyYours are BAD FOR WORKERS...
https://reason.com/2020/01/28/bernie-sanders-wealth-tax-would-be-bad-for-workers/
Yet Sanders has proposed a major new tax on wealth that, over time, would come to be paid mostly by workers, depriving them of more than a trillion dollars in wages. Sanders' plan to help the working class would, instead, make the working class worse off.
Sanders has touted himself as pro-worker and pro-middle class throughout his presidential campaigns. "This campaign," he said in 2015, "is about the struggling middle class." In a speech defending socialism last year, he warned about the dangers of wealth-fueled oligarchy. "It is not just that the very rich are getting much richer. It is that tens of millions of working-class people, in the wealthiest country on earth, are suffering under incredible economic hardship, desperately trying to survive." Sanders' message has been consistent and clear. If he is president, the wealthy will have less, and the working class will have more, in the form of new social spending funded by taxing the rich.
To that end, Sanders has proposed taxing not only the income of the very well off, but their wealth, in the form of a tax that starts at 1 percent annually on married couples with net worths of $32 million and increases to an 8 percent annual tax on wealth above $10 billion. Although the wealth tax is probably not as central to his campaign as it is to the presidential ambitions of his rival, Sen. Elizabeth Warren (D–Mass.), Sanders' wealth tax is actually more aggressive, imposing a higher top rate, and hitting smaller concentrations of wealth.
