In a recent interview with The News Agents, US Senator Bernie Sanders revealed why he believes no one should be a billionaire.
Sanders Bernie argues in his book that it is both economically and morally wrong for so few individuals to control the wealth of the rest of the population. He concludes that there should be no billionaires at all.
During the interview, Sanders was asked about billionaires who pay their taxes and have earned their wealth through success, and what's wrong with them holding onto their money.
“Well, if you had a tax structure that was fair, they would not be billionaires,” he answered.
According to the US Senator, it's acceptable to become wealthy by working hard, earning money, and running a successful business. However, he argues that having billionaires in society is wrong, and there should be a cap on their wealth.
While the exact level of the cap is subject to debate, Sanders finds it "insane" and "absurd" that there are people with hundreds of billions or even tens of billions of dollars, suggesting that the system simply can't sustain such wealth.
Sanders highlights that in the United States, there are half a million homeless people and 85 million individuals who cannot afford health insurance.
He suggests that concentrating wealth in the hands of so few individuals is both "economically and morally wrong."
Bernie Sanders clarifies that he does not oppose making money, but he questions whether it is fair for just three individuals to possess such wealth. He also believes that having such an enormous wealth gap in America is not "appropriate."
He then posed a question to successful businessmen who make a few hundred million dollars whether they think that amount could provide adequate housing and food for their family.
Sanders believes that it is possible for someone in that position to provide for their family without accumulating immense wealth.
However, he disagrees with the culture that allows people to do whatever they want – even if it means stepping on anyone or destroying the environment – to amass tens of billions of dollars.
@thenewsagents Bernie Sanders says it is economically and morally wrong for so few to control the wealth of so many. #usa #politics #billionaire #rich #money #wealth #economy #berniesanders #wrong ♬ original sound - The News Agents
Viewers had a lot to say about the interview.
Many have taken to the comments section to highlight the massive amount of a billion dollars, with one person stating, “Just for context: a million seconds is 12 days. A billion seconds is 31 years.”
Another added, “I don’t think people understand how much a billion is.”
In response to an interview question posed to Bernie Sanders about where to draw the line, one individual wrote, “He has told you the line - a billion,” while another person simplified it, “The line is 999 million. Simple as that.”
A further commenter dropped a hint about a statement that’s worth thinking deeply about, suggesting, “‘The system cannot afford them’ The facts & answers are in that statement.”
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Sylvia Silverstone is a passionate writer who loves to share her knowledge and expertise on a wide range of topics, including beauty, life hacks, entertainment, health, news, and money. With a keen eye for detail and a talent for storytelling, Sylvia's engaging writing style keeps readers coming back for more.
Greg
His theories are as misleading as the false math he uses to justify them. The 60 seconds and 60 seconds thing is 60% misleading. Money is a base 10 system time is a base 60 system, your math teachers can explain that. Bernie IS educated, he KNOWS what he is saying is misleading, where does knowing misleading people become Lying for personal gain?