Democratic Primaries

The Velveteen Ocelot

(131,267 posts) Tue Feb 18, 2020, 03:04 PM Feb 2020

What will happen when the billionaires and the corporations are gone? [View all]

Bernie's plans for free health care and free college depend on high tax rates for the wealthy and the corporations. But according to him they shouldn't exist at all. When The Revolution comes, people won't be allowed to become very wealthy (although I assume mere millionaires will be OK now that Bernie is one), and the existing big corporations will be broken up and new ones won't be allowed to become large. If that happens, the source of taxes to pay for those social programs will be gone or at least substantially diminished. How will free health care and free college be paid for if there are no geese to lay those golden eggs any more? Can we have it both ways? No Mike Bloombergs, no Jeff Bezoses, no Bill Gateses, no Warren Buffets, no Exxons, no Amazons, no Apples, no Berkshire Hathaways, but we still can fund social programs? How will that work? Can we hear from Bernie on that?

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

44 replies

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What will happen when the billionaires and the corporations are gone? [View all] The Velveteen Ocelot Feb 2020 OP

Small businesses create lion's share of new jobs at140 Feb 2020 #1

But how can we tax them if they are not allowed to exist? The Velveteen Ocelot Feb 2020 #3

I don't think Sanders wants to do away with small businesses at140 Feb 2020 #5

But those large corporations are the ones which would pay the taxes The Velveteen Ocelot Feb 2020 #6

I got 2% tax cut (it seems) and giant corporations got 40% tax cut at140 Feb 2020 #11

They could be if tax reform could be accomplished, The Velveteen Ocelot Feb 2020 #12

So let me see if I understand. They're avoiding paying federal taxes now, redqueen Feb 2020 #13

That's the exact opposite of what I mean. The Velveteen Ocelot Feb 2020 #15

Do you think he's going to Thanos them out of existence? redqueen Feb 2020 #18

That's my question. The Velveteen Ocelot Feb 2020 #20

Are you being facetious? redqueen Feb 2020 #21

I agree 100% that they are not paying their fair share of taxes. The Velveteen Ocelot Feb 2020 #22

Here's an explanation of the "billionaires shouldn't exist" quore redqueen Feb 2020 #23

I couldn't find any quote about corporations but I did find this about his plan. redqueen Feb 2020 #24

Warren's "Economic Patriotism" in a nutshell -- America First, screw poor foreign Hoyt Feb 2020 #33

then we go after the multi millionaires with cushy retirements and health care plans lol nt msongs Feb 2020 #2

The billionaires have the really big bucks ripe for taxation. The Velveteen Ocelot Feb 2020 #4

Bernie is a millionaire. democratisphere Feb 2020 #10

It would require 66,000 Bernie's wealth to make ONE Bloomberg's wealth at140 Feb 2020 #17

There would be more millionaires to tax, so even at a smaller tax rate dbolski Feb 2020 #38

Your premise is flawed though... Moostache Feb 2020 #7

Managed to pay for WWII while reining in corporate greed Bradshaw3 Feb 2020 #8

I thought it was a fair question. I'm very much in favor of taxing the rich The Velveteen Ocelot Feb 2020 #9

I think that's what's meant by "get rid of". redqueen Feb 2020 #14

LOL. Don't worry, there will still be corporations and rich people. DanTex Feb 2020 #16

LOL melman Feb 2020 #19

Without a small group that is supposed to pay for everything, Hav Feb 2020 #25

Civilization may actually survive. There is a better way if we stop monetizing Kurt V. Feb 2020 #26

Good luck with that. Blue_true Feb 2020 #36

ppl never had innovative ideas before capitalism? and where did i mention communism Kurt V. Feb 2020 #37

As soon as there were humanoids that could communicate, there was capitalism. Blue_true Feb 2020 #39

Simply not true. Here's a couple more for you: Leviathon - Hobbes Kurt V. Feb 2020 #41

Bartering, the earliest form of trading is not capitalism? Holy Hell, that is a new in history Blue_true Feb 2020 #42

I'm not sure why you keep bringing up socialism/ communism. put that aside except for the family Kurt V. Feb 2020 #43

I often lose sleep worrying about the uncertain future facing billionaires Devil Child Feb 2020 #27

I'm not at all worried about billionaires. I say tax the hell out of them. The Velveteen Ocelot Feb 2020 #31

Where do you come up with this stuff? Hassin Bin Sober Feb 2020 #28

Same place everybody else comes up with stuff. Just ruminating. The Velveteen Ocelot Feb 2020 #30

.. Kurt V. Feb 2020 #44

Financial companies are running to the european nordic countries applegrove Feb 2020 #29

Tax rates in those countries are much higher than ours. The Velveteen Ocelot Feb 2020 #32

Here is the article: applegrove Feb 2020 #35

Don't you know? Don't you know? Blue_true Feb 2020 #34

BWAAAAAAAAAAHAHAHAHAHAHAHAHAHAHA!!!! Zolorp Feb 2020 #40