Bloomberg: Raising Taxes on the Poor Is Good Because They'll Live Longer

Watch Bloomberg Issue a Jaw-Dropping Admission on Taxing the Poor

Volume 90%

By Andrew J. Sciascia

Published November 29, 2019 at 10:30am

It is rare, if ever, that one hears taxes discussed as anything other than a hassle or a burdensome reality — or, at best, a civic responsibility. For billionaire 2020 Democratic presidential primary candidate Michael Bloomberg, however, taxes are far more than that.

In fact, the former New York mayor seems to believe taxes are a sort of mystical life-giving force.

According to an interview with the International Monetary Fund, he also contends that one incredibly surprising segment of the American population would benefit dramatically from higher taxes: those living below the poverty line.

Bloomberg’s theory of success for such tax hikes?

Well, they would give the government more control over low-income Americans’ behavior.

“Some people say, ‘Well, taxes are regressive.’ But in this case, yes they are,” Bloomberg told Christine Lagarde, then-managing director of the IMF, in April 2018. “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.”

“If you raise taxes on full sugary drinks, for example,” Bloomberg added, “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.”

It is the honest contention of Forbes 2019 billionaires list‘s ninth-richest man in the world that “those people” living in poverty are “the problem” — and the solution is a system of taxation that gives the government de facto control over their everyday lives.

Now, let’s be frank: To wager the poor are so incapable of making good decisions that they need the government to artificially raise the prices of “luxuries” or unhealthy products to entirely inhibit bad decision-making is beyond ideologically dangerous.

Click for Full Text!

Poster Comment:

Bloomberg must have been hitting the crack pipe again.

Now I know for certain Bloomberg is high since he thinks fumes from Kerosene lamps are noxious.