Bernie Sanders has a sure fire plan for economic equality! His plan entails taxing the wealthy heavily and also all stock market transactions. Let’s take a peek at that.
If you could tax the wealthy at 60-70% and tax stock market transactions at that same rate, you could rake in a lot of money! It might work except for a few minor flaws:
- If you start taking what people have, do you think they won’t protect their assets?
- Do you think that there is no other country that they can live in?
- When they do move, do you think they’ll leave their businesses in America?
So then what are you going to do? Are you going after those who become the next level 1%ers which includes many of the elected officials in the Congress and Senate? If so, please refer back to questions #1 – #3.
At this point Bernie and his $700,000 will be considered one of the 1%ers.
Now we will look at the other part of the plan; heavily taxing stock market transactions. Thank goodness all of the markets are located here in America! What? There are literally dozens of other markets located outside of America?
Dang! Those rich people are sneaky!