It's time to tax billionaires into extinction. Redistribute all their wealth to the people. Enough is enough!!
“We shouldn’t have billionaires”—Bernie Sanders says it’s time to tax them into extinction
Senator Bernie Sanders has reignited his call for wealth redistribution by asserting that poverty could be entirely eliminated if billionaires were taxed moresinhalaguide.com
Did they teach you how fast living standards rose during the gilded age?
Bernie said top 1%. That is $11.6 MILLION of net worth. Maybe Bernie should be clearer because he is definitely in the top 1%.
- Earners in the top 1% need to make $1 million annually in states like California, Connecticut, Massachusetts, New Jersey, and Washington.
- In West Virginia, the top 1% earners need only $435,302.
This type of talk by Sanders plays to smaller group of young people who are impressionable. You could eradicate all millionaires and billionaires and the political elite class would continue to thrive and accumulate. Why some voters don't realize this kind of talk is just class warfare being used as a political wedge is beyond me.
Only after child labor laws and unions. Before that, all the wealth was just going to a handful of people. Left free, that was not getting better naturally and freely- it was only getting worse.Did they teach you how fast living standards rose during the gilded age?
Are you joking?
The existence of billionaires themselves isn't the problem.
If they didn't have an outsized influence on government due to their campaign donations the playing field could be leveled.
They should also be taxed appropriately.
Warren Buffet has done the math. If corporations paid a reasonable fair share taxes on individuals could be completely eliminated.
This right here.
I don't believe there should be no such thing as a billionaire. I just think there's a lot of abuse of power that happens among the very wealthy. And yes, they easily weasel out of paying even what right now (without any changes) is considered their "fair share," using, again, their wealth and position to do so.
That's the part that needs to change. And it in no way means Marxism and a classless and moneyless society, LOL. Oh, the hyperbole of the right.
Only after child labor laws and unions.
Before that, all the wealth was just going to a handful of people.
The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per industrial worker, including men, women, and children, rose from $380 in 1880 ($12,381 in 2024 dollars to $584 in 1890 ($19,738 in 2024 dollars a gain of 59%.
It doesn’t seem to be working that way at all. The rich buy government influence and get rewarded with lower taxes instead of footing the bill for the system that keeps them rich. No one else can afford such an investment in government that is so financially rewarding.
We really should be exercising our voting power to make the rich pay their way, but voters are too uninformed, complacent, and encouraged to fight each other to see the true enemy who lords over them.
There were no child labor laws during the guilded age, and the few unions that existed were very weak.
No, the guilded age was before that, and living standards rose dramatically. You simply don't know what you're talking about:
The Gilded Age was also an era of significant poverty, especially in the South, and growing inequality, as millions of immigrants poured into the United States, and the high concentration of wealth became more visible and contentious.
The railroads invented the career path in the private sector for both blue- and white-collar workers. Railroading became a lifetime career for young men; women were rarely hired. A typical career path would see a young man hired at age 18 as a shop laborer and promoted to skilled mechanic at age 24, brakeman at 25, freight conductor at 27, and passenger conductor at age 57. White-collar career paths likewise were delineated. Educated young men started in clerical or statistical work and moved up to station agents or bureaucrats at the divisional or central headquarters.
There was also a dark side. By the 1870s railroads were vilified by Western farmers who absorbed the Granger movement theme that monopolistic carriers controlled too much pricing power, and that the state legislatures had to regulate maximum prices.
The unequal distribution of wealth remained high during this period. From 1860 to 1900, the wealthiest 2% of American households owned more than a third of the nation's wealth, while the top 10% owned roughly three-quarters of it., The bottom 40% had no wealth at all. In terms of property, the wealthiest 1% owned 51%, while the bottom 44% claimed 1.1%.
Ha, good to see Bernie not rant about himself anymore.Bernie is old, thus is assured that wouldn’t happen during his lifetime. BTW, Bernie used to rant about millionaires and billionaires, but since it became known that he’s a millionaire he now only rants about billionaires.
It's time to tax billionaires into extinction. Redistribute all their wealth to the people. Enough is enough!!
I recommend the book "How the South won the Civil War: Oligarchy, Democracy, and the continuing fight for the soul of America" by the excellent Heather Cox Richardson for great history on how the Civil War was really about Southern oligarchy more than anything.For real, and red states are busy teaching kids the civil war was primarily over states rights, ignoring the exploitation and of labor workers, and not teaching the true legacy of FDR.
It's time to tax billionaires into extinction. Redistribute all their wealth to the people. Enough is enough!!
“We shouldn’t have billionaires”—Bernie Sanders says it’s time to tax them into extinction
Senator Bernie Sanders has reignited his call for wealth redistribution by asserting that poverty could be entirely eliminated if billionaires were taxed moresinhalaguide.com
Doesn't dude have like 3 or 4 very nice homes? Don't get me wrong, I like the Bern, but he's also part of the 1% (or maybe the 2%).
And minimum wage in many states is up to twice now what it was a handful of years ago, what's your point?
FWIW, only 11% of Americans today live in poverty compared to the 40% of the first Guilded Age and 80% of Americans own at least one asset. Just sayin'.
Bernie has ZERO to do with oligarchy - that is a complete lie attack by the actual oligarchs on him for propaganda you have fallen for. It's a very modest level of wealth having nothing to do with the problem of oligarchy.Doesn't dude have like 3 or 4 very nice homes? Don't get me wrong, I like the Bern, but he's also part of the 1% (or maybe the 2%).
Thanks to Progressives.
Advancements in technology and productivity enable providing for basic needs better, but the measure, inequality, is *WORSE* than in the gilded age or the "Roaring 20's", and getting worse every year for decades, starting with Reagan. Many more would be in poverty but for the FDR and JFK/LBJ "war on poverty" programs Republicans always want to slash.
Bernie has ZERO to do with oligarchy - that is a complete lie attack by the actual oligarchs on him for propaganda you have fallen for. It's a very modest level of wealth having nothing to do with the problem of oligarchy.
Did you know that less than 1 percent of basketball players make more money than 99 percent of the population? TAX THE RICH! WHO CARES ABOUT TALENT? IT'S NOT FAIR.It's time to tax billionaires into extinction. Redistribute all their wealth to the people. Enough is enough!!
“We shouldn’t have billionaires”—Bernie Sanders says it’s time to tax them into extinction
Senator Bernie Sanders has reignited his call for wealth redistribution by asserting that poverty could be entirely eliminated if billionaires were taxed moresinhalaguide.com
Yes he did!Of course he is, when he became a millionaire, he changed the narrative so he could exclude himself.
Who was it that said something about, "eventually you run out of other people's money"?
Bernie should listen to them.
Ha, good to see Bernie not rant about himself anymore.Bernie is old, thus is assured that wouldn’t happen during his lifetime. BTW, Bernie used to rant about millionaires and billionaires, but since it became known that he’s a millionaire he now only rants about billionaires.
Any rise in the median standard of living was due to labor unions, which you vehemently oppose, not the robber barons.
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