Bernie Sanders says income over $1 billion should be taxed at 100%.
Bernie Sanders went on to say, "You may disagree with me, but I think people can make it on $999 million. I think that they can survive just fine." Link: unusualwhales.com/news/bernie-sa…
@unusual_whales @LibertarianMama But no one has income anywhere near 1 billion. It's like, not even close. He's calling for a new tax on... nobody?
@unusual_whales Bernie Sanders: the government is corrupt! Also Bernie Sanders: we should give the government more money and power!
@unusual_whales No, he said wealth over $1 billion should be confiscated.
@unusual_whales @BernieSanders wants to take money from individuals that do beneficial things for the world and society and put it in the hands of the government, the worst capital allocators in history. Bernie there is only one America stop trying to ruin it.
@unusual_whales Bernie is a clown.
@unusual_whales Such nonsense This is the money that propels our society into the future In the hands of govt it would be wasted
Majority of wealth is not in the form of income, it's in the form of investments. If you buy a stock for $1 and it turns to $10 your net worth just 10x. You pay taxes based on a thing called "capital gains" which means when they sell the shares they pay taxes then. This is why an OVERWHELMING number of millionare and billionares especially pay themselves $1 a year.