For a party whose most outspoken members proclaim the mere existence of the 1%’s great-wealth-holders is “immoral,” socialism-supporting presidential candidate Bernie Sanders has some explaining to do to the proletariat.
Senator Bernie Sanders of Vermont has said this week that he’ll release 10 years of returns by April 15th (having refused to release his full tax returns when he vied for the Democratic presidential nomination in 2016) which will show his income and wealth to be far more capitalism-inspired that socialism-shared.
Bloomberg reports that while Sanders tax returns won’t show how much wealth he’s accumulated in total, but will show the trajectory of his income over the past decade, as well as indicating whether he personally benefited from Trump’s 2017 tax overhaul, which cut the top individual rate to 37 percent from 39.6 percent.
He reported more than $880,000 in royalty income on his Senate financial disclosure in 2017.
The year before he said he had more than $860,000 in royalty income.
Sanders, 77, also listed three retirement accounts owned by his wife Jane, 69, a former university administrator. The upper value of those accounts is $815,000.
Having built his career promoting policies to raise taxes on millionaires and billionaires, it seems the cognitive dissonance of the always well-balanced left could be extreme…
“The Democratic base is likely to be harsher on politicians who have more wealth. It’s a political liability for Sanders,’’ said John Wonderlich, the executive director at the Sunlight Foundation, an open government group.
“For Trump, the liability is if he doesn’t have as much as he said he does.’’
But, Sanders defends his ultra-wealth – created by a free-market capitalist’s desire for a good he created…
“I wrote a best-selling book,” Sanders told the New York Times this week.
“If you write a best-selling book, you can be a millionaire, too.”
The question is – should Sanders redistribute that wealth to the people? After all “he didn’t ‘build’ that book” alone…
Sanders is not alone among the uber-rich Democrat cognoscenti, on Wednesday, Elizabath Warren released her 2018 tax return that showed that she and her husband, Bruce Mann, earned more than $900,000 last year.