**** that old delusional faux marxist hypocrite,

Not many... but enact some silly **** like this, and none will.

Set up hundreds of companies, LLCs, LPs, Trusts, Charitable Foundations, etc and tell the bean counters to make it happen. Billionaires didn't get there without learning how to avoid every tax they could.

smothered said:

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he should go lower, nobody needs more than 25 million honestly

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So, you really just want to destroy private enterprise? Wow

Honestly I agree, in principle. Past a certain amount of wealth, money is only used to make more money and buy political influence. In many cases, the wealth accumulated by billionaires is used to stifle capitalism, not stimulate it. It becomes impossible for new innovators to emerge when a fat cat can rig the system to maintain their pseudo monopoly. And unimaginable wealth allows ideologue to push their visions for humanity a la Gates or Soros.

Of course, the government confiscating it doesn't solve any problems. You'd be better off burning it.

aggie93 said:

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One thing that frustrates me about this stuff is no one asks the obvious question.

Ok, so every Billionaire has all of their wealth except $1 Billion confiscated what happens to all of their companies? Is the government going to own those businesses now or will all of the stock be sold? If it is the former it's pure communism and the government now needs to appoint their own administrators to run those companies? Or is it the far more likely latter and suddenly massive amounts of stock has to be sold which will destroy those companies. The consequences of every Billionaire having to sell all their stock at the same time is beyond catastrophic in terms of what it would do to the economy.

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Bernie supporters have a lower IQ than Joe Biden.

FACT.

Don't like Beto stickers
Don't like Hillary stickers
But when you have a Bernie sticker on your car, you really are a special kind of stupid.

smothered said:

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he should go lower, nobody needs more than 25 million honestly

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Bernie supporter status confirmed

Quote:

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Hedge

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Explains so much.

Consummate loser.

Billionaire networth is in company equity. Confiscation would destroy western society as we know it. Who would take control of the equity? The government?

Leftists-Communists are morons.

ProgN said:

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https://www.theguardian.com/us-news/2023/may/02/bernie-sanders-interview-chris-wallace-tax-rich

Quote:

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The US government should confiscate 100% of any money that Americans make above $999m, the leftwing independent senator Bernie Sanders said late last week.

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Quote:

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"Are you basically saying that once you get to $999m that the government should confiscate all the rest?" Wallace asked the US senator from Vermont, who is an independent but caucuses with Democrats and has helped them attain their current slim majority in the upper congressional chamber.

"Yeah," Sanders replied. "You may disagree with me but, fine, I think people can make it on $999m. I think that they can survive just fine."


Wallace had earlier mentioned how the late Sam Walton could make the giant retail chain Walmart the largest single private employer in the US thanks to his family's net worth of about $225bn. Sanders countered that Walmart in many cases pays starvation wages to its 1.2 million employees despite how rich the Waltons are.

"Many of their workers are on Medicaid or food stamps," Sanders said, referring to forms of government assistance for which low-income Americans can qualify. "In other words, taxpayers are subsidizing the wealthiest family in the country. Do I think that's right? No, I don't."

Nonetheless, Sanders said his comments on the matter weren't a personal attack against the Waltons or other billionaires.

"It is an attack upon a system," Sanders said. "You can have a vibrant economy without [a few] people owning more wealth than the bottom half of American society" combined.

He added that if he were in charge: "If you make a whole lot of money, you're going to pay a whole lot of money."

Sanders's remarks are unlikely to ingratiate him with proponents of the US political right who already dismiss him as a communist. But they have never been a part of his base of supporters.

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Quote:

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He also argues that "unfettered capitalism … destroys anything that gets in its way in the pursuit of profits", including the environment, democracy and human rights.

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GFY Bernie and every young brainwashed dumbass that supports socialism. Socialism doesn't bring everyone up, it pulls everyone down, like live crabs in a boiling pot, except those in control. Do you socialists really believe that if what he's proposing ever came to fruition that the government would give it to you and make you rich? Besides, all the billionaires would just leave so jobs would be lost and no money for the government to steal. Also, it may start with billionaires but the threshold would eventually be lowered to hit the middle class, who can't just leave.

Envy is one of the deadly sins for a reason.

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If we can so can the gubmint

NCNJ1217 said:

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I am always wrong said:

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All I'm reading here are the headlines, and they all keep saying "999m." That is the abbreviation for $999,000.

Is he talking about $999,000 or $999,000,000 as in 999mm?

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Most people in the world are not finance/accounting nerds, he means million.

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I think he said what he meant, 999,000

Except it won't apply to him

Here's the title of the article:
'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%

I do think we need more tax brackets at the higher end of the spectrum and at much higher rates for those tax brackets.

Though, overall I'd cap the earnings that qualify for the long term capital gains rate to around $7k. That would easily cover the middle class.

dead said:

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Here's the title of the article:
'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%

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You watch, they do something like this and that decimal will move almost immediately

Don't trust Communists

Bubblez said:

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I do think we need more tax brackets at the higher end of the spectrum and at much higher rates for those tax brackets.

Though, overall I'd cap the earnings that qualify for the long term capital gains rate to around $7k. That would easily cover the middle class.

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Fundamentally do you think tax collection is about finding the most efficient way to raise revenue with the least amount of pain or do you see it as an instrument of social justice? You can't have both. Seems like you want to use envy to hurt people, either that or you don't understand economics.

Bubblez said:

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I do think we need more tax brackets at the higher end of the spectrum and at much higher rates for those tax brackets.

Though, overall I'd cap the earnings that qualify for the long term capital gains rate to around $7k. That would easily cover the middle class.

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This is why no one here takes your arguments seriously.

We just need to get Bernie to be a billionaire and suddenly it will be trillionaires who are the evil rich and poor billionaires are just getting by

smothered said:

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he should go lower, nobody needs more than 25 million honestly

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We know that you and Bernie are also the arbiters of what other people should be allowed to say and do. Whatever your "morality," everyone else should live by it. That's fascist.

Bubblez said:

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I do think we need more tax brackets at the higher end of the spectrum and at much higher rates for those tax brackets.

Though, overall I'd cap the earnings that qualify for the long term capital gains rate to around $7k. That would easily cover the middle class.

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Let's live by my morality.

Thou shalt not covet.

Keep your filthy hands in your own pockets.

Democrats are like ignorant dopey children. OK Bernie, I earn a billion dollars, then my wife, then my 3 children each earn a billion, then my brother, then my sister etc,etc,etc---- See how the real world works Bernie !

if you are just confiscating their cash over $1 billion, then they will tie up their wealth in assets. If you go after assets, then they will all dump it into charities and foundations that they manage. They will stay under $1 billion on paper, but not in reality.

Say it with me: we don't have a revenue problem, we have a spending problem

TexasAggie_02 said:

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if you are just confiscating their cash over $1 billion, then they will tie up their wealth in assets. If you go after assets, then they will all dump it into charities and foundations that they manage. They will stay under $1 billion on paper, but not in reality.

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Not sure why anyone with a brain can't understand this.

TRILLIONS in annual tax revenue and still insolvent. The amount will never be enough for those DC 'experts'.

The promise of the socialists in Russia was to do away with the Czar and his economy etc. Socialism would be so much better and everyone would work equal, get paid equal , etc.

So, can some of our resident socialists explain why there are mega rich oligarchs , rich by their standards govt workers and socialist party members, then the rest who are poor?

captkirk said:

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Generation Zombie

Bubblez said:

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I do think we need more tax brackets at the higher end of the spectrum and at much higher rates for those tax brackets.

Though, overall I'd cap the earnings that qualify for the long term capital gains rate to around $7k. That would easily cover the middle class.

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Are you not aware that we have had tax brackets that were taxed at 90% in the past?

And absolutely nobody paid those taxes.

People just got company cars or delayed compensation or other dodges and tax shelters

smothered said:

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he should go lower, nobody needs more than 25 million honestly

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Nobody needs more than a 700 SF house. With govt approved exceptions for families who foster or have more than 4 children. They can occupy 1,000 SF homes. Assuming you are fine with this?

Btw, SF stands for square feet

Fightin_Aggie said:

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That's cool Bernie.

Your first.

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I noticed Bernie didn't ask anyone how much money they think he should have.

aggie93 said:

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One thing that frustrates me about this stuff is no one asks the obvious question.

Ok, so every Billionaire has all of their wealth except $1 Billion confiscated what happens to all of their companies? Is the government going to own those businesses now or will all of the stock be sold? If it is the former it's pure communism and the government now needs to appoint their own administrators to run those companies? Or is it the far more likely latter and suddenly massive amounts of stock has to be sold which will destroy those companies. The consequences of every Billionaire having to sell all their stock at the same time is beyond catastrophic in terms of what it would do to the economy.

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This is the concept that Bernie and his cult don't understand. Frozen assets like large quantities of stock, real estate, or other assets incur a cost to liquidate. And that cost grows exponentially with the amount being liquidated. Then when you make everyone else do the same thing at the same time, you're just destroying the vast majority of that accumulated wealth.

Franklin Comes Alive! said:

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Dude is such a played out hack

He rambles non-stop about the ultra-rich but all his policies attack the middle class

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Textbook democrat.

Rich white elites that pretend to care about the "working class" but really use them as dependent pawns in their political machine to consolidate even more power.

They've been doing it for centuries.

Stmichael said:

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aggie93 said:

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One thing that frustrates me about this stuff is no one asks the obvious question.

Ok, so every Billionaire has all of their wealth except $1 Billion confiscated what happens to all of their companies? Is the government going to own those businesses now or will all of the stock be sold? If it is the former it's pure communism and the government now needs to appoint their own administrators to run those companies? Or is it the far more likely latter and suddenly massive amounts of stock has to be sold which will destroy those companies. The consequences of every Billionaire having to sell all their stock at the same time is beyond catastrophic in terms of what it would do to the economy.

---

This is the concept that Bernie and his cult don't understand. Frozen assets like large quantities of stock, real estate, or other assets incur a cost to liquidate. And that cost grows exponentially with the amount being liquidated. Then when you make everyone else do the same thing at the same time, you're just destroying the vast majority of that accumulated wealth.

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It's like slaughtering your chickens for a meal and then wondering why you don't have any eggs.