Sanders: ‘Billionaires Should Not Exist’

On Tuesday, socialist and 2020 White House contender Bernie Sanders rolled out his massive proposal to redistribute wealth in America via an “extreme wealth” tax, declaring that “billionaires should not exist.”

Sanders’ plan will implement a 1% wealth tax on couples with a net worth over $32 million, 2% on net worth from $50 to $250 million, 3% from $250 to $500 million, 4% from $500 million to $1 billion, 5% from $1 to $2.5 billion, 6% from $2.5 to $5 billion, 7% from $5 to $10 billion, and 8% on wealth over $10 billion. He boasts that the wealth of billionaires “would be cut in half over 15 years.”

“Billionaires should not exist,” Sanders tweeted. “There is no justice when three billionaires are able to own more wealth than the bottom half of the entire country.” And again: “There should be no billionaires. We are going to tax their extreme wealth and invest in working people.”

Sanders and his radical Democrat cohorts aren’t even bothering to hide their hardcore socialist aims.