Aug 072020
 

Proposed by Bernie Sanders, this hideous bit of legislation is aimed at destroying Blue Origin and SpaceX:

Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion

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.

It’s supposedly a “one time tax.” There is no such thing as a “one time tax.” When it comes to government, especially governments that, as Sanders would prefer, exist via theft, there’s no such thing as one-time anything.

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.

 

The Commies, long since thought to have been relegated to the dustbin of history, are back with a vengeance. Some are burning down cities. Some are assaulting random civilians. And some are using their government positions to tear it all down.

 Posted by at 9:27 pm