Stephen K. Bannon makes the argument to tax the rich.
Merrick Garland said this week his “top priority†is to protect the oligarchs from Americans finding how little they paid in taxes. ProPublica revealed the wealthiest men in the U.S., Warren Buffett, Jeff Bezos, Michael Bloomberg, and Elon Musk, pay virtually no income tax.
“Over 5 years with a half a trillion dollars of assets they’ve paid collectively under $15 billion in taxes,†Bannon said. “The reason the game is rigged.â€
“They don’t pay any taxes anyway,†he said. “You’ve got to start increasing the marginally tax increases for the wealthy.â€
Bannon said “two progressive Democrats†in the Trump White House, Steve Mnuchin and Gary Cohn, “went absolutely nuts†when he suggested raising taxes on the richest corporations.
“They’re all woke,†he said. “All the foundations around them are the most woke. These are radicals.â€
“The reason you have critical race theory on your children are because of this,†Bannon said. “And they pay nothing, they get a total free ride on the backs of the Deplorables.â€
After the break, Bannon went off on the War Room audience for getting angry about raising taxes on the oligarchy.
“When I was a child I thought as a child,†Bannon said. “Now that I’m a man, I think as a man.â€
Bannon explains how the anti-tax the rich establishment is playing the Deplorables just like it did the “free trade†argument.
“Do any of you guys get a break? You can pay 1 percent?†Bannon said, of the oligarchs who combined paid virtually no income tax.
Stephen K. Bannon goes off on the audience for getting angry about raising taxes of the oligarchy.
“When I was a child I thought as a child,†Bannon said. “Now that I’m a man, I think as a man.â€
Bannon explains how the anti-tax the rich establishment is playing the Deplorables just like it did the “free trade†argument.
“Do any of you guys get a break? You can pay 1 percent?†Bannon said, of the oligarchs who combined paid virtually no income tax.
“Our founders fought a revolution on this very point,†he explained. “We have an aristocracy in this country that is okay with the managed decline of this country.â€Â
Bannon said, “I’m not a socialist, I’m a capitalist.†But the system right now is an oligarchy, not capitalism.
“Please don’t sit there and tell me, ‘No, I don’t want to raise taxes.’ Then stop the spending or just turn to your grandchildren and say, ‘I’m condemning you.’â€
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