That's only half of Sanders' belief system. He also believes rich people don't NEED their money and that it is okay to steal it from them.
That's complete BULLSHIT. Shouldn't the rich/wealthy pay the same percentage of tax on income as you?
Sanders' yacht comment clearly indicates he feels we should take even more money from the rich.
Shouldn't the rich/wealthy pay the same percentage of tax on income as you?
Haven't you understood a single thing I said? I clearly said we need to eliminate all individual tax expenditures.
Why? Because it doesn't benefit you?
Your ignorance has led you to make erroneous assumptions.
Tax expenditures do benefit me. I am in the upper bracket.
This is the problem with talking with innumerate people about tax expenditures. This is all above your heads.
We have an insane system whereby two people earning identical incomes are paying radically different amounts of income taxes, depending on how well they have behaved the way the government wants them to.
If you don't buy the right kind of refrigerator, the government punishes you with higher taxes than your neighbor who did.
If you don't buy the right kind of car, the government punishes you with higher taxes than your neighbor who did.
If you don't get a mortgage, the government punishes you with higher taxes than your neighbor who did.
It was no leap to punish you with higher taxes for not buying the right kind of health insurance.
On top of all that, we are all paying higher tax rates to pay for all these wealth transfers up the food chain.
Aside from the benefits I explained in a previous post, another result of eliminating tax expenditures would be that
people who earn identical incomes would pay identical taxes. And their tax rate would be MUCH lower than it is today.
It does not get more honest and fair and beneficial than that.