🔗 ‘They can survive just fine’: Bernie Sanders says income over $1bn should be taxed at 100%
You go Bernie.
… the problem is that nobody earns ‘income’ over $1Billion … isn’t that the real problem?
🔗 ‘They can survive just fine’: Bernie Sanders says income over $1bn should be taxed at 100%
You go Bernie.
… the problem is that nobody earns ‘income’ over $1Billion … isn’t that the real problem?
@JohnPhilpin That's why he is saying it. Now Republicans will use that to scaremonger although 99.999% of Americans will never see a billion dollars.
@pratik not sure if we are at slight cross purposes. There are some who definitely grow their wealth by a billion or more in a year …it’s just for tax purposes .. it isn’t ‘income’.
@JohnPhilpin I think we’re on the same page coz as you pointed out, Bernie says income when we know no one’s “income” is a billion dollars. Warren rightly calls it wealth. Hence a wealth tax is worth pondering about.
@pratik yes .. agree .. but we shouldn’t conflate the two .. opens doors for avoidance.