Democrats Want to Eliminate Billionaires, Soak the Rich and Destroy the American Dream

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

“There should be no billionaires. We are going to tax their extreme wealth and invest in working people.” — Senator Bernie Sanders

Sen. Bernie Sanders is a genuine socialist. He hates wealthy people, even though he is worth an estimated $2.5 million and is one of the 1%.

I had to laugh when he said he would use those taxes to “invest in working people.” That is exactly what billionaires do. Amazon (NASDAQ:AMZN) invests in a million workers. Microsoft (NASDAQ:MSFT) has made 12,000 employees millionaires. Home Depot (NYSE:HD) has made 3,000 of its workers millionaires.

Nevertheless, Sanders wants to eliminate billionaires. All of them. If elected, the Forbes 400 Richest People in America would be decimated.

It is estimated that the maximum tax rate on the wealthy would rise to 97.5% through a variety of income and wealth taxes.

Sen. Elizabeth Warren says she believes in markets and is a capitalist, but she also wants to raise the tax rate and impose a wealth tax on the well-heeled.

In the latest Forbes 400 issue, Steve Forbes called this wealth grab “the road to serfdom”:

“Wealth taxes would be an unprecedented assault on people’s privacy… Government bureaucrats would have the right to demand lists of all your assets — as well as the right to examine your home, storage facilities, brokerage accounts, bank accounts and everything else — to determine if you have crossed the wealth-tax threshold. They would, at a click, have – for the same purpose — access to the records of everything you have bought or sold.”

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle


DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops