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:
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.