Democrat WEALTH TAX would cost Amazon CEO Bezos $43 BILLION. Musk - $27 B

[Text Drivers are Killers]

All democrats hate america and love socialism.

https://www.msn.com/en-us/finance/co...on/ar-BB17EFoH

Aug 5 2020 Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they've gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y.

The "Make Billionaires Pay Act" would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March 18, according to a press release. If passed, the bill would tax billionaires on wealth accumulated through the end of the year, however.

Here's how much some would pay under the bill due to wealth gains between March 18 and Aug. 5, according to a release accompanying the bill:

Amazon CEO Jeff Bezos would pay a one-time wealth tax of $42.8 billion.
Tesla and SpaceX CEO Elon Musk would pay a one-time wealth tax of $27.5 billion.
Facebook CEO Mark Zuckerberg would pay a one-time wealth tax of $22.8 billion.
The Walton family would pay a one-time wealth tax of $12.9 billion.

[T. A. Gardner]

You think they might move elsewhere rather than pay those hefty taxes?

[Text Drivers are Killers]

This is more bribery in action. Sanders expects bezos to give him a few million and this idea will be dropped.

[Charoite]

Dingus, that basically equates to them like finding $1 on the ground does to me. It's chump change that was earned from COVID increases alone.

[Nordberg]

You think they might move elsewhere rather than pay those hefty taxes?

No. They pay higher taxes elsewhere and moving costs a lot of money. The top tax rate was 91 percent when Ike was president. We built the American highway system then. Now we cannot maintain it and the top tax rate is in the 30s And they avoid paying that with tax breaks.

[Text Drivers are Killers]

No. They pay higher taxes elsewhere and moving costs a lot of money. The top tax rate was 91 percent when Ike was president. We built the American highway system then. Now we cannot maintain it and the top tax rate is in the 30s And they avoid paying that with tax breaks.

HAHAHA. Did you really say that? What an illogical post.

[Text Drivers are Killers]

It appears sanders is looking at how much amazon stock has risen in the last 5 months. That is not at all the same as having the money in pocket.

[tff]

They'll both starve!

[Charoite]

HAHAHA. Did you really say that? What an illogical post.

Then refute it and say why it is illogical. You didn't even try and just troll danced around it. By the way, the money to be taxed came from COVID stimulus alone and that's the point.

[Text Drivers are Killers]

Then refute it and say why it is illogical. You didn't even try and just troll danced around it. By the way, the money to be taxed came from COVID stimulus alone and that's the point.

You stupid jackass. Money is fungible and there is no way to know where it came from.

[Yoda]

I wouldnt feel one bit bad if bezos lost a 100 billion but a high wealth tax on billionaires wont work, they will just change address' out of the country and spend as much time here as they did when they lived here..

Democrats need to understand that working america does not want to pay for their non working voters so they can get elected and tax the working more.