Comrade Bernie Sanders continues his attack on the wealthiest Americans.
Just last week, he told The New York Times that he believes billionaires shouldn’t exist.
Sanders said, “I don’t think that billionaires should exist. This proposal does not eliminate billionaires, but it eliminates a lot of wealth that billionaires have, and I think that’s exactly what we should be doing.”
Now, Bernie is continuing his crusade against income inequality by proposing a tax that would punish companies that pay their CEOs more than their average workers.
The far-Left news site VOX reported, “The plan calls for increasing the corporate tax rate by half a percent on companies that pay their chief executive 50 times more than their median employee, and progressively hike up the corporate rate the bigger the inequality…
Under Sanders’s proposal, if a CEO makes more than 100 times the median employee, their corporate tax rate increases 1 percent, to 22 percent; more than 200 percent the median employee, the company pays an additional 2 percent on the corporate tax rate, and so on, up to a 5 percent increase to the corporate tax rate for companies that pay their CEOs more than 500 times the median employee.”
The tax is essentially a sin tax. It is punishing CEOs for making money. Without good CEOs, there would be fewer jobs available for the average worker.
On the surface, it does seem “unfair” that CEOs make so much more than their employees. However, not everyone can take on such a difficult position and run an entire company. It takes a unique skill set that many average workers don’t possess.
The sin tax idea has been tried in other cities around the country.
VOX also reported that the “idea isn’t new. Portland, Oregon has implemented a similar tax on a local level which fully went into effect last year. San Francisco plans to vote on a CEO tax measure next year, and similar proposals have been considered in Connecticut, Illinois, Massachusetts, Minnesota, and Rhode Island.
Federally, Reps. Mark DeSauliner (D-CA) and Bonnie Watson Coleman (D-NJ) introduced a bill proposing national CEO-to-worker- pay ratio tax on publicly held companies in 2016. It has the backing of former Secretary of Labor Robert Reich, as well as several leading economists on income inequality, like Thomas Piketty.”
Bernie followed up his wealth confiscation proposal by saying, “It’s time to send a message to corporate America: If you do not end your greed and corruption, we will end it for you.”
Who does this guy think he is? What right does he have to take money that he didn’t earn and give it to people who do not earn it themselves?
He doesn’t have that right, but that won’t stop him. In his mind, that money belongs to the government, not to the person who earned it. That is the mindset of a socialist.
Sanders plans to use that money to pay off $81 billion of medical debt owned by lower income Americans.
How generous of him to use other peoples’ money to help the less fortunate.
The Marxist class warfare continues. As always, Bernie Sanders is leading the way.