Hey GR!

[Mick]

Bernie and Ro Khanna wants $4.4 trillion from those rat bastids, the billionaires. You in?

The skinny:

1. There’s 938 billionaires.
2. They collectively own $8.2 trillion worth of assets.
3. Bernie (I) and Ro Khanna (D-CA) propose an annual 5% tax on wealth exceeding $1 billion
4. $3,000 direct payments would be made to every family making less than $150,000 annually (btw, $150k is right around the top 30%)
5. Would also reverse Medicaid and ADA cuts.
6. Would establish a minimum $60,000 annual salary for teachers.
7. No family would pay more than 7% of their income on child care.
8. Would expand Medicaid to cover dental, vision and auditory care for senior citizens.

Frankly, if you’re going to tax billionaire wealth, you might as well tax centimillionaire ($100 mms. and up) wealth. There’s about 9,900 centimillionaires (outside of the billionaire group). IRS data says the group’s collective net worth is around $5.1 trillion., and you tax it at 3%, that would generate another $1.5 trillion over 10 years.

[Cornfed]

That Bernie is audacious enough to publicly propose this Marxist drivel is evidence of the declining character of our society.

[Author]

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