Comrade Bernie Excited To Create A “National Wealth Registry”

Obviously, he wants a big wealth tax, one which would be above his own income level, but, he also has another idea

Sanders targets highest-income Americans with ‘extreme wealth tax’ and ‘national wealth registry’

Sen. Bernie Sanders on Tuesday proposed an “extreme wealth tax” on the highest-income Americans, along with a “national wealth registry” that he said would help prevent them from avoiding the tax.

The tax rate would start at 1 percent on net worth of more than $32 million and rise with income above that, topping out at 8 percent on wealth over $10 billion.

Sanders’ Democratic presidential campaign said the tax would raise $4.35 trillion over a decade and would be used to fund “Medicare for All”, along with his plans for affordable housing and universal childcare.

Right, because wealthy wouldn’t just find creative ways to avoid the tax, like keeping it outside of the U.S.

“At a time when millions of people are working two or three jobs to feed their families, the three wealthiest people in this country own more wealth than the bottom half of the American people,” Sanders said in a statement. “Enough is enough. We are going to take on the billionaire class, substantially reduce wealth inequality in America and stop our democracy from turning into a corrupt oligarchy.”

On one hand, he does have a point: rich individuals and private entities and some money happy public unions do have an oversized influence on politics at the expense of other citizens and small groups. On the other hand, let’s put some blame on politicians who allow those rich to have that influence on them. Do you think Alphabet Inc (parent company of Google), Microsoft, SEIU and Kaiser Permanente, among others, do not have influence on Bernie? How many Democrats are in the pocket of Hollywood folks, among others?

Sanders’ plan includes enforcement measures that he said would block evasion of his proposed tax. In addition to the wealth registry, the IRS would be required to audit all billionaires and 30 percent of wealth tax returns for others paying the highest tax rates.

If you’re trying to find information on what exactly he means by a wealth registry, good luck. I’ve been through around 15 articles so far and not one explains it, nor does Comrade Bernie’s website, which should be very concerning. Democrats love their registries.

(NY Times) “Let me be very clear: As president of the United States, I will reduce the outrageous and grotesque and immoral level of income and wealth inequality,” Mr. Sanders said in an interview. “What we are trying to do is demand and implement a policy which significantly reduces income and wealth inequality in America by telling the wealthiest families in this country they cannot have so much wealth.”

I won’t say that these uber-crazy wealthy folks are perfect, but, this is about demonizing success, about class warfare, and it never ends the way Democrats want.

Both of their plans would need to be passed by Congress in order to take effect — a virtual impossibility unless Democrats win control of the Senate in the 2020 elections, and far from a sure thing even then. Ms. Warren’s plan touched off a number of questions about the feasibility of creating a wealth tax, including whether such a tax would be constitutional, how it would be enforced and whether it would generate as much money as has been projected.

Pfft, Constitution schmonstitution.

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26 Responses to “Comrade Bernie Excited To Create A “National Wealth Registry””

  1. Bill589 says:

    A complete list of socialist programs that don’t fail by running out of other people’s money:

    Programs will be added if one ever works.

    • Elwood P. Dowd says:

      Would you end Social Security? Medicare? Medicaid? Unemployment? Disability?

      • formwiz says:

        You are so hot to balance the budget. That’s the way to do it.

        Hospitals used to have charity wards. Doctors would give days to taking care of the poor

        Social Security has always been a scam†. You want to make it better? Privatize it so the politicians can’t rob it, add a means test (you should really love that), invest the funds in the markets (they’d double in a few years*).

        Unemployment started with the Roosevelt Administration.

        Before that, the poor house took care of people who couldn’t work (great disgrace that it was since the country had plenty of labor and plenty of jobs – just like now**).

        Return from government-invested FICA taxes is supposedly about 3 1/2% (actually Social Security comes out of the general fund). Return from the markets is about 7%. As I say, it’s a scam.

        † Social Security is nothing more than another income tax without deductions or exemptions; the payoff is just to con people. Think otherwise?

        Only people working outside the home (almost exclusively men) were eligible. Retirement age was set at 65.

        Bend over, here comes the scam. Since everybody smoked and antibiotics wouldn’t come into general use until after WWII, life expectancy for men in the US was 58. When people stopped dropping over, life expectancy shot up to 65 in 1947.

        Wanh wah.

        ** Interesting to speculate how long it would take if welfare

        • Elwood P. Dowd says:

          Actually, we’re not hot to balance the budget, but are fascinated that for Cons a balanced budget is important, but only when a Dem is President. Cons increase fed spending while cutting taxes for the rich. Reagan, Bush, and now tRump – it’s the real GOP strategy.

          You should vote for the candidate who pledges to privatize Social Security and eliminate Medicare.

  2. Kye says:

    It’s interesting how these commie pigs think. He mentioned taking money away from billionaires and other rich folks but exactly how does that transfer into higher income for everyone else? It doesn’t. In fact it just steals OPM. I am not necessarily opposed to some type of “equalizing” of taxes or even of this outrageous wealth accumulated by the likes of Bezos, Gates, Zuckerman and other Leftist Oligarchs, but just stealing their “stuff” and allowing the politicians to piss it all away (or in Biden’s case hand it to Hunter) isn’t what we need. We need a comprehensive tax reform in the working man’s taxes. We don’t need more give-away’s to the poor, nor subsides for the rich.

    Socialism fails all the time but today’s modern capitalism is creating immense wealth disparities. As a huge fan of capitalism I have to admit it’s failing us in places we never before saw. There really is no reason for one person to be worth $100 billion or even 1 billion for that matter. It’s ridiculous.

    The problem is we can’t let a snarling, hateful, envious communist DemCom be in charge of something this potentially harmful. You know they would target any conservative rich they could find and their guys would get a pass. You know, like they do with everything else.

    • Elwood P. Dowd says:

      Wow. We agree on something. The solution isn’t to take from the rich, it’s to make the system more fair so that the working classes get more to start with. How? Tax reform is only part. Stop the war on labor. Stop the direct competition of American workers with cheap and unsafe foreign labor. Reform copyright and patent law. Reform fiscal policy to not punish workers with every uptick in inflation. Don’t support “too big to fail”. Reduce the burdens on the working and poor classes – universal healthcare, better public transportation, better education…

      • Kye says:

        You leftists always do that. We’re talking about income and wealth disparity and you gotta bring in stuff like reducing the burdens on the working and poor classes – universal healthcare, better public transportation, better education. You got to make every attempt at reform a ground up restructuring of the economy, infrastructure, and all kinds of other stuff to push through a totally lop sided socialist agenda. We don’t need reform of the tax structure, we need a revolution. We need a “let’s start from scratch” attitude. We also need taxes to be fair and equitable and not used to either penalize nor reward people. Perhaps a consumption tax rather than income tax is a start. I don’t know.

      • alanstorm says:

        “Reduce the burdens on the working and poor classes – universal healthcare, better public transportation, better education…”

        …and that’s where you went off the rails. Government has assumed an ever-increasing percentage of healthcare costs (when Idiotcare was passed, that was about 50%) ever since the mid-60’s and the passage of Medicare and Medicaid. Have healthcare costs gone down? No.

        Better public transportation? From government? Look up the costs and riderships for light rail sometime.

        Better education? Sending your kids to public schools is child abuse. If you want them to actually learn something, private schools or home-schooling are required – and you still have to pay for the failing government schools.

        You were doing pretty good until then, except for the non-existent “war on labor”.

      • formwiz says:

        Only in your feeble, regimented mind (In the immortal words of TE Lawrence, “This is going to be fun”).

        Stop the war on labor.

        No war on labor, only unions. Unions are dying because the average working stiff realized long ago, union worked for the union bosses and Democrat politicians.

        Stop the direct competition of American workers with cheap and unsafe foreign labor.

        Trump’s doing that, but you seem to object.

        Reform copyright and patent law.

        How?

        Reform fiscal policy to not punish workers with every uptick in inflation.

        Again, how? Guaranteed income? That would really bankrupt the country.

        Don’t support “too big to fail”.

        Tell it to the Beast, Zippy, and the Friend of Angelo.

        Reduce the burdens on the working and poor classes – universal healthcare, better public transportation, better education…

        You mean like they have in Europe where people are taxed to death for lousy care and surgery takes forever? When the Euros come here, the first thing they say is, “Are you out of your minds? The last thing you want is what we’ve been stuck with”.

        Tell the climate crowd to take a hike and you may have something.

        Close down the DOE, abolish the teacher unions, give school control back to local government, and make teaching something other than a haven for the worst deadheads in college.

        When my aunt (b 1887) went into teaching, it was an elite profession where the best and brightest worked (not unlike medicine). Now, it’s just another blue collar job for union slugs.

      • dachs_dude says:

        Elwood Dowd said: “Stop the direct competition of American workers with cheap and unsafe foreign labor.”

        Congratulations!! You are now a Nationalist, which, to the Democrats and the MSM is the EXACT SAME THING as a White Nationalist like Hitler and the KKK.

        Welcome to the dark side!!

  3. Liljeffyatemypuppy says:

    In roughly the last 10 years it is estimated that the tax code has been amended or revised over 4,000 times.

    But old Bernie will get it right this time.

    BWAHA! LOLGF. https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  4. Jl says:

    “Stop the direct competition of American workers with cheap and unsafe foreign labor.” Why yes, thank you. Build that wall.

  5. ST says:

    Impeachment Straw Poll – Do you support the US House Impeaching President Trump?

    https://commoncts.blogspot.com/2019/09/impeachment-straw-poll-do-you-support.html

  6. Joe says:

    More gruel for the (m)asses, Comrade Bernie fails to mention the difference between wealth and income and these chihuahuas soak it up.

  7. Nighthawk says:

    And every wealthy American will move out of the country and take the jobs they create with them. But, at least the wealth inequality will go away. We’ll all be jobless and pennyless.

  8. Doom and Gloom says:

    Every nation on this planet has been raping the United States with a vengeance since ww2. China is only the last to hop on board and since their economy is built on smoke and mirrors and printed money they can pretty much do what they want.

    In fact it is believed they own 13 trillion dollars worth of investments in the USA made with FUNNY MONEY. All the prez has to do is give the sell order and the USA drops to its knees and perhaps is down and out for good.

    right now the FED is printing money and BAILING OUT THE BANKS YET AGAIN!

    It is time to break up the banks, GOOGLE, FACEBOOK, TWITTER APPLE, MICROSOFT and get this nation back on the road to sanity. I am not in favor of destroying any of these, only breaking up banks that have become so big that their failure would lead to a world wide recession once again.

    Chase has borrowed 55 billion in overnight funds from the FED because they can’t meet their obligations at the end of the day.

    No one is talking about this because we are all obsessing over Trump and the battle to destroy America by the left, but the way things are going with the insane mega corporations they will do it for us.

  9. Professor Hale says:

    Just like with guns. The first step to total confiscation is registration.

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