Sunday Morning Book Thread 08-09-2020 | Main | First-World Problems...Part Hemeretzi
August 09, 2020

You Tout Socialism For Others? Well Here It Is For You: Good And Hard!

Bernie, after you have spent your entire career spouting nonsense and supporting pretty much every crackpot leftist idea, you finally stumbled onto one that makes real (read: angry) conservatives smile.

I wholeheartedly support this bill!

Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion

The “Make Billionaires Pay Act” would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March 18, according to a press release. If passed, the bill would tax billionaires on wealth accumulated through the end of the year, however.
From a rational public policy perspective, it is stupendously, catastrophically, wildly counter-productive. And as tax policy it is even worse. But I don't care. Stick it to our current crop of billionaires, whose wealth is sheltered to a large extent from the depredations of the Democrat party (and, sadly, many Republicans). It is so very easy for them to advocate spending other people's money, because even confiscatory taxes injure others far more than they. Tax Bezos' income at the highest marginal rate, and he is still left with an almost unimaginable amount of money. Tax a small business owner at the same rate and he must carefully budget and allocate and modify his spending to survive.

The schadenfreude if this ever manages to pass (of course it won't) would be delicious, and would absolutely last for more than four hours. Imagine the gnashing of teeth and rending of garments among the Silicon Valley elite, or the sneaky old bastard in Omaha, or Soros!


digg this
posted by CBD at 12:00 PM

| Access Comments




Recent Comments
REDACTED: "Trump is used to this kinda pressure Biden is n ..."

Kurt Eichenwald: "It's the octopus's intelligence that makes it so s ..."

J. Frank Parnell: "Has Biden had any daytime events in the past month ..."

Quilter's Irish Death: "467 Are there any Clinton tools who aren't slea ..."

publius, Rascally Rapscallion of a Poperin Pear: " Miley is in the kitchen cooking shrimp too. Al ..."

Tami [/b][/i] [/s] [/u]: "443 Tami so then only less than 1 month more he wi ..."

Meade Lux Lewis: "440 @432: "I thought it was 9 ET, 8 CT, no?" Yes, ..."

Jane D'Oh: "I wonder how many drugs are being pumped into Joe ..."

REDACTED: "Richardson likes a dirty martini with his Sandy Bu ..."

Attila the unready: "The debate is at 9 ET. ..."

Berserker-Dragonheads Division: "I hope Trump stomps this evil demented shit into t ..."

Commissar Hrothgar -Your Rulers Have, and Deserve, Different Rules! - [/i][/b][/u][/s]: "[i] I was cooking shrimp. Posted by: Jane D'Oh at ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64