From The Bitchy Pundit
“I’m going to veer off course for a minute to say that I don’t believe that any society should allow billionaires to happen. Billionaires are toxic to a society because they can’t spend a big enough percentage of their money to actually help an economy. Millionaires on the other hand, are great for societies and I’m all for creating more of them. Millionaires are in that sweet spot of having enough money to spend on significant amounts of consumer goods and investing just the right amount to help seed businesses. But millionaires aren’t rich enough to play fast and loose with their investments, since it can all disappear overnight. They are not (for example) rich enough to create mortgage backed securities or naked credit default swaps. I believe that our tax code should be designed to stop anyone from becoming a billionaire, just like it was for nearly forty years. We need a top tax rate of 90% not only to prevent billionaires from happening, but also to force reinvestment in American companies. There’s no point in looting a company if you’re going to have to pay 90% of what you loot back to the government.”
Just to respond to The Bitchy Pundit: saying that she is OK with millionaires, but thinks billionaires should be outlawed, in other words being rich is OK, it’s superrich that’s the problem: that’s like calling someone a little fat, or saying they have a slight drinking problem: “Tom and Susan, only get drunk twice a week, three times during a holiday. Bob, is only 20 pounds overweight, but that doesn’t make him obese. Jane, is a little pregnant, but it’s not like she’s going to have the baby tomorrow.” I mean do the really have to wait for the extreme to happen before we call a problem a problem and say if we act now, it won’t become a major issue later on?
I mean, if you really think that wealth is a problem and people being independently wealthy is a problem, than why attack billionaires, but leave the millionaires alone? You don’t think people who are worth 20, 50, 100 million dollars aren’t investing their money oversees and doing what they can to avoid high taxation in America? If you do, you’re not that familiar with our tax code and our economic system and economy.
This is not about Bernie Sanders being rich in the sense that being rich and wealthy is a bad thing, simply because I don’t believe wealth and being rich are bad things. Otherwise I would be a Socialist myself. This is about a Socialist from Vermont who before 2019 was the only self-described Socialist in Congress ( but not the only Socialist ) who is only famous in America because he’s spent his entire Congressional career ( House and Senate ) demonizing what he is which is rich and wealthy. We’re talking about a man who is a multi-millionaire who’ll never have to work again ( thanks to his personal wealth and taxpayer funded Congressional pension ) who attacks the wealthy in America simply because they’re wealthy and use their money and connections to avoid paying high taxes.
Bernie Sanders attacking someone for being wealthy, is like an alcoholic speaking out about the dangers of heroin and cocaine. And perhaps doing that while they’re drunk. Perhaps when they’re sober, they’re not as hypocritical. And if we ever see that person sober, maybe we’ll know for sure how hypocritical they are. A smoker who bashes people for eating junk food. Or the radical hippie vegan, who calls someone an animal killer because they eat cheeseburgers and calls people animal killers for eating meat while wearing a leather jacket. If there’s any one thing that American voters hate the most about politicians other than they are politicians to begin with and just hate their profession, it’s hypocrisy.
Socialists, like to say that America has socialism for the rich and capitalism for everyone else. Meaning that we subsidize wealth in this country and don’t do much as a society at least the government for people who are poor. They have a point there, but the problem that they have is that they might have had one of their icons in mind in Bernie Sanders, when they argue that.
If Bernie Sanders really was as Socialist and believed in socialism as much as he claims he does, he wouldn’t be a millionaire to begin with. He would just live off of his Congressional salary, while donating his wealth to his favorite charities like Uncle Sam. Because Socialists don’t believe in material wealth and believe that people should just have enough money to live a quality life and not have to be poor of course, but not be rich either, while Big Government takes care of the rest of what we need to live well. At our expense, of course.
When it comes to politicians, Bernie Sanders is about honest as they come. Which I know sounds like saying Joe is the best hockey player to ever come out of El Paso, Texas. Or Mary is the best ballet dancer to ever come out of Mobile, Alabama. But generally speaking I get the impression when Senator Sanders says something and proposes something, he actually believes what he’s saying. But when it comes to wealth in America and being rich, Bernie now sounds like Michael Moore, Bill Maher, Jane Fonda, or any other so-called Hollywood Leftists who attacks people simply for being what they are, which is rich and financially successful in America thanks to American capitalism, while they attack our capitalist economic system. It’s more than a little much and more like enough to make people vomit when they hear that hypocrisy.
“Jimmy Fallon’s monologue from Wednesday, April 10, plus Hodor from Game of Thrones remixes pop hits, like Lady Gaga’s “Shallow.”