WATCH: Bloomberg Makes a Really Dumb Case for Taxing the PoorTownhall, Nov 30, 2019
One of the Democrats' main talking points is always about how they plan to tax the rich so the poor "get their fair share," so the rich "pay their fair share." Everything is about "fair share." To every Democrat, that threshold looks different, but, for the most part, they agree that having any kind of wealth is a bad thing. It's why they continually advocate for redistributing the wealth.
Billionaire Michael Bloomberg, however, took a very different approach to the subject. During the International Monetary Fund's 2018 Spring Meeting he actually argued that taxing the poor is a good thing.
"[Some] say, well, 'taxes are regressive.' But in this case, yes they are, that's the good thing about them because the problem is in people that don't have a lot of money," Bloomberg said. "And so higher taxes should have a bigger impact on their behavior and how they deal with themselves."
"So I listen to people saying, 'Oh, we don't want to tax the poor.' Well, we want the poor to live longer so that they can get an education and enjoy life and that's why you do want to do exactly what a lot of people say you don't want to do," he explained. "The question is: do you want to pander to those people or do you want to get them to live longer?"
More:
https://townhall.com/tipsheet/bethbaumann/2019/11/30/huh-bloomberg-believes-taxing-the-poor-helps-them-live-longer-n2557259
