Ever since last week’s Democratic debate, GOP frontrunner Donald Trump has begun to attack Senator Bernie Sanders, recently telling supporters at a campaign rally:
“He’s going to tax you people at 90%, he’s going to take everything. And nobody’s heard the term communist, but you know what, I call him a socialist/communist, cause that’s what he is.”
So because Sanders wants to make sure the super wealthy in this country pay their fair share and we put more regulations on banks, that makes him a communist? Sounds to me like Trump is getting worried because he might have to fork over more tax dollars.
Speaking to ABC’s George Stephanopoulos yesterday, Sanders had a great comeback for the Donald:
“If I had to respond to every absurd thing Donald Trump said, I’d spend my whole life doing it. But, he did raise the issue of taxes, so let’s talk about it. What we have seen, George, in the last 30 years, as most of Americans know, is a massive redistribution of wealth. Unfortunately, it’s gone in the wrong direction, it’s gone from the middle class and working families to Donald Trump and his friends, the top one tenth of 1 percent.”
Isn’t this one of the main reasons we see such huge disparities between the rich in the United States and everyone else? How exactly is it anything other than common sense to make those who have profited the most from this country pay a larger share of taxes?
Perhaps Trump should consider these historical facts regarding taxation: During World War II, the top income tax rate in the United States was 94 percent. As recently as 1981, it was 70 percent. During the Clinton Administration, it was 39.6 percent and the economy boomed. George W. Bush cut the top rate to 35 percent and the economy went into a tailspin. President Obama raised the rate back to 39.6 percent and again we see growth.
So as you can plainly see, Donald Trump, as usual, is just flat-out lying.
And if Bernie Sanders or any Democrat who becomes President in 2016 wants to raise the top income tax rate 50, 60, 80, or even 90 percent, I say go for it. If Trump and his rich friends don’t like it, they can pack their bags and leave. That would also be good for America.
This article was originally published by the same author at LiberalAmerica.org.