Bernie is taking redistribution of wealth to a whole new level.
His tax plan would see the rich paying tax rates of over 100%.
At least for the 400 richest Americans.
The tax plan is totally unrealistic, and potentially devastating.
It would 100% shut down billionaire’s incentives to innovate and invest.
Experts and analysts know one thing.
High tax rates discourage working and investing. Meaning economic growth would slow. Dramatically.
Ultra-high tax rates would only do it bigger, and faster.
“What’s the incentive to grow your own company if your wealth is decreasing every year?”
Other potential risks of the Bernie Sanders plan?
Incentivizing wealth destruction.
And promoting tax evasion on a grand scale.
Will voters fall for it?
Yes or No.
Read more here.