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Ilana Novick – Bernie Sanders: There Should Be No Billionaires

Summary:
Some tough talk from Bernie! Even as Sen. Bernie Sanders’ progressive platform polls well among Democratic voters, consistently ranking second after Joe Biden, and even as he draws large crowds at rallies and lands 1 million donors (according to the Sanders campaign), his opponents respond with the same refrain: H0.ow is he going to pay for his plans like Medicare for All and the Green New Deal? On Tuesday, Sanders answered, with “a tax on extreme wealth,” which CNN called “a hefty tax on the ultra-rich” which would cover many of the social welfare programs the Democratic presidential candidate and Vermont senator has proposed, including part of Medicare for All. “I don’t think that billionaires should exist,” Sanders told The New York Times, adding that “This proposal does not

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Some tough talk from Bernie!

Even as Sen. Bernie Sanders’ progressive platform polls well among Democratic voters, consistently ranking second after Joe Biden, and even as he draws large crowds at rallies and lands 1 million donors (according to the Sanders campaign), his opponents respond with the same refrain: H0.ow is he going to pay for his plans like Medicare for All and the Green New Deal?
On Tuesday, Sanders answered, with “a tax on extreme wealth,” which CNN called “a hefty tax on the ultra-rich” which would cover many of the social welfare programs the Democratic presidential candidate and Vermont senator has proposed, including part of Medicare for All.
“I don’t think that billionaires should exist,” Sanders told The New York Times, adding that “This proposal does not eliminate billionaires, but it eliminates a lot of the wealth that billionaires have, and I think that’s exactly what we should be doing.” 
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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