Flashback: Bloomberg explains why raising taxes on the poor is a ‘good thing’

Flashback: Bloomberg explains why raising taxes on the poor is a ‘good thing’

According to the polling, American votes aren’t ready for a president so radically left as to be willing to give free health care to illegal aliens or to tax billionaires into the poor house. But are they willing to vote for a candidate who takes the opposite tack: one, that is, who advocates raising taxes on the poor?

If so, they’ve found their man in former New York City mayor and newcomer to the Democratic field of candidate Michael Bloomberg. In a video released in 2018 by the conservative advocacy group Americans for Tax Reform, hizzoner claims that raising taxes on the poor is a “good thing.” His reasoning is priceless

Here’s the video, followed by a transcript.

Some people say, well, taxes are regressive. But in this case, yes they are. That’s the good thing about them because the problem is in people that don’t have a lot of money. And so, higher taxes should have a bigger impact on their behavior and how they deal with themselves. So, I listen to people saying ‘oh we don’t want to tax the poor.’ Well, we want the poor to live longer so that they can get an education and enjoy life. And that’s why you do want to do exactly what a lot of people say you don’t want to do.

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The question is do you want to pander to those people? Or do you want to get them to live longer? There’s just no question. If you raise taxes on full sugary drinks, for example, they will drink less and there’s just no question that full sugar drinks are one of the major contributors to obesity and obesity is one of the major contributors to heart disease and cancer and a variety of other things.

So, it’s like saying, ‘I don’t want to stop using coal because coal miners will go out of work, will lose their jobs.’ We have a lot of soldiers in the United States in the U.S. Army, but we don’t want to go start a war just to give them something to do and that’s exactly what you’re saying when you say ‘well, let’s keep coal killing people because we don’t want coal miners to lose their jobs.’ The truth of the matter is that there aren’t very many coal miners left anyways and we can find other things for them to do. But the comparison is: a life or a job. Or, taxes or life? Which do you want to do? Take your poison.

Speaking of poison, it’s a safe bet Bloomie’s “regressive” ideas on taxation, which have just resurfaced, will give new fuel to the arguments of Democratic candidates leading in the polls for why this billionaire in liberal’s clothing shouldn’t be permitted to play.

In other words, stick a fork in Bloomberg. He’s done.

LU Staff

LU Staff

Promoting and defending liberty, as defined by the nation’s founders, requires both facts and philosophical thought, transcending all elements of our culture, from partisan politics to social issues, the workings of government, and entertainment and off-duty interests. Liberty Unyielding is committed to bringing together voices that will fuel the flame of liberty, with a dialogue that is lively and informative.