political, Bernie Sanders calls for income over $1 billion to be taxed 100%: ‘People can do it with $999 million:
Senator Bernie Sanders, a longtime wealth tax advocate, has argued that all earnings above $1 billion in the US should be seized by the government.
In an interview with hbo from max Who talks to Chris Wallace? the Vermont senator was questioned about his long-standing view that billionaires shouldn’t exist.
“Are you basically saying that once you get to $999 million, the government should confiscate all the rest?” she was asked, to which Sanders replied, “Yes.”
“You may not agree with me, but I think people can do it with $999 million,” Sanders added. “I think they can survive very well.”
Earlier this year, Sanders published It’s okay to be mad at capitalism. During Friday’s show, he answered questions about whether billionaires could really boost the economy by creating jobs.
“You can have a vibrant economy without [a handful of] people who own more wealth than the bottom half of American society,” he said, adding that if he did things his way, those who make “big money” would have to “pay big money.”