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Vermont sen. Bernie Sanders – the self-proclaimed Democratic socialist, whose standing in the 2020 primary school has become threatened by Massachusetts sen. Elizabeth Warren’s rise in the Democratic primaries with progressive voters – is looking to cut, in the support of his rivals, by the dismissal of her as a “capitalist.”
“There are differences between Elizabeth and me,” Sanders said in an interview Sunday on ABC’s “This week.” “Elizabeth, I think, as you know, has said that a capitalist, by your bones. I’m not there.”
BILLIONAIRES UP TO 97.5 PERCENT TAX RATE THREATEN UNDER SANDERS’ PLAN: THE ECONOMISTS
The comments come amid a rise in socialism in the Democratic party, as candidates are more willing to openly embrace socialism over capitalism. It is also polling the following shows that the Democrats are now the socialism more positively than capitalism.
Warren last year, allegedly said: “I am a capitalist to my bones” when asked if you are a capitalist.
Sanders added in the interview, he is not a capitalist, because “I will not tolerate, for one second, the nature of the greed and the corruption and inequality in income and wealth, and so much suffering, what is it in this country today, is unnecessary.”
A Gallup poll this year showed that 43 percent of Americans believe that socialism would be a good thing for the United States, while 51 percent say it would be a bad thing. Gallup noted that in 1942, a Roper/Fortune survey found that 40 percent of Americans described socialism as a bad thing, while only 25 percent called it a good thing.
The polling is new evidence that the attitude in the direction of socialism change, in the midst of the popularity in the Democratic party, the Democratic socialists like Sanders and New York Rep. Alexandria Ocasio-Cortez, pushes policies as “Medicare for all” and the Green New Deal.
Now, two economists at the University of California, Berkeley, claim that billionaires could face a 97.5 percent average effective tax rate under Sanders’ plan, which would simply run thump of the other Democrats for President in the year 2020.
Emmanuel Saez, one of the professors, told Bloomberg that “with the property tax, can be obtained directly in the stock market instead of beating the flow of income, so that there is a much more powerful de-concentration tool than taxes.” The report noted that Sanders has said that the number of billionaires halved in the USA, within 15 years, according to plan.
The plan revealed that Sanders is seeking a 1 percent tax on households worth more than $32 million, and proposes that the tax would increase rates for wealthier people, up to 8 percent for assets of more than $10 billion.
Sanders vowed to go further than Warren, and generate more than $4 trillion in the next ten years, considerably billionaires to reduce assets’. Billionaires 62 percent average effective tax rate would encounter, under Warren.
Sanders’ plan goes even further because he starts on the assets less the value, enter at $32 million. Warren suggests that the increase in the property tax up to 3 percent on all net worth of more than $1 billion, while Sanders’ tax rates will not top up to 8 percent for the richest households.
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The Massachusetts senator Sanders crowned in recent polls of Democrats in Iowa and New Hampshire show that you have to run it, even with the long-term frontrunner, the former Vice-President Joe Biden in these States.
Fox News’ Edmund DeMarche and the Associated Press contributed to this report.