Here’s how Bernie's Wealth Tax Could Actually Destroy the Economy
Senator Bernie Sanders is at it again.
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Today we talked about the movement to Impeach President Trump. Do they have a case, or is this just simply political theater? Probably the later.
Also we talked about Bernie Sanders' proposal for a Wealth Tax. I'll leave you with an excerpt from our article at www.BernieLies.com
"There's one problem with the basic idea behind this tax. The tax would seem to suggest that the wealthy billionaires are sitting on a bank account full of billions of dollars. Of course, their bank accounts are plenty full, but the Walton family does not have $150 billion sitting in the bank. Jeff Bezos does not have $190 billion sitting in the bank.
Where is that money? It's in the stock market. 90% of Jeff Bezos' net worth is in his 18% ownership of Amazon stock. 80% of the Walton family's net worth is in their 51% ownership of Walmart stock.
This begs the question. If you're going to tax 8% of Jeff Bezos' net worth, where is that money going to come from?"
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First off, make sure you are subscribed to the podcast!
Today we talked about the movement to Impeach President Trump. Do they have a case, or is this just simply political theater? Probably the later.
Also we talked about Bernie Sanders' proposal for a Wealth Tax. I'll leave you with an excerpt from our article at www.BernieLies.com
"There's one problem with the basic idea behind this tax. The tax would seem to suggest that the wealthy billionaires are sitting on a bank account full of billions of dollars. Of course, their bank accounts are plenty full, but the Walton family does not have $150 billion sitting in the bank. Jeff Bezos does not have $190 billion sitting in the bank.
Where is that money? It's in the stock market. 90% of Jeff Bezos' net worth is in his 18% ownership of Amazon stock. 80% of the Walton family's net worth is in their 51% ownership of Walmart stock.
This begs the question. If you're going to tax 8% of Jeff Bezos' net worth, where is that money going to come from?"
SUBSCRIBE!
Buy a "Shall Not Be Infringed" shirt.
Tell your friends about the podcast :)
---
Support this podcast: https://anchor.fm/goodmorningliberty/support
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