Bernie Sanders is known for proposing a tax rate of 90% for “millionaires and billionaires”. Lately, he has walked that back and published his official tax plan. Anyone making two to ten million a year in income will pay 50.2% and anyone making above ten million will pay 54.2%. Keep in mind that according to his plan, many of those who make $500,000 a year or more will also end up paying more than 50% in taxes when state and local income taxes are added in.
Supporters of Sanders like to throw around the term “fair share”. What is that exactly? Answer: whatever Sanders or any other politician determine it will be. It will always be subject to change at their whim. It is a “to be determined” amount if we submissively give in to the power and force of the federal government.
Do you know who controls a corporation? A majority shareholder. Any shareholder who owns more than 50% of the corporate shares. If the government owns more than 50% of your production, that makes you a minority owner of your labor. It makes you an indentured servant. Anyone who supports a more than 50% tax rate for anyone is supporting the taking of the majority of someone’s work and efforts forcefully from them under the threat of imprisonment. This proposal is offensive and morally reprehensible.
What risk does the government take to earn this majority share of someone’s work? None. When the pro football player with a multi-million dollar a year contract from the NFL takes to the field, he risks his very life. At the minimum, he risks pain and injury. Uncle Sam simply sits on the sidelines and will collect more than half of those players’ earnings.
Tell me, how is that “fair”? How is it fair for a businessman who worked his whole life to get to a pinnacle of earnings power only for a bum like Bernie Sanders to come in and take, by force, more than half of it? How have we gotten to the point of believing that someone’s work and production is no longer theirs simply because they have reached a certain income level?
Who do you think needs employees in this country? Poor people? More than 60% of all jobs are created by small businesses that need employees. They are the job creators. Many of these businesses are owned and operated by people of wealth. Some of them are millionaires and even billionaires. You can hear the derision in the voice of Sanders when he talks about “CEO’s” as if they are evil and have committed some wrong.
Bernie Sanders never had a job outside of a politician being paid by the taxpayers save for a short stint as a carpenter who was lousy at his vocation. He has no idea what it actually takes to become a “CEO” of a corporation with multi-million dollar earnings. Does he think such a position was simply handed to them?
He is obviously unaware of the amount of time, effort, education, sacrifice and experience one has to achieve to reach such a pinnacle of corporate status and helmsmanship. A pro athlete with natural talent and some direction can earn much more than most well-paid CEO’s by simply playing a game without having to invest the time and efforts it takes to reach the pinnacle of earning power in the corporate world.
Bernie Sanders and his followers purport that high earners deserve to keep only a portion of their earnings. They state that this is “fair”. Ludicrous. This idea is un-American. There is nothing “fair” about it. It is theft.