Democratic presidential candidate Pete Buttigieg pitched four new tax hikes while pandering to liberal voters during Fox News’ Town Hall, hosted by fellow Democrat Chris Wallace.
In response to an audience question about the $22 trillion national debt, the mayor of South Bend, Indiana (population: 102,000) says his solution is to raise taxes, especially on the rich.
Let’s keeping raising taxes on the rich so they’ll leave the US!
Keep in mind constantly targeting the rich will ensure that they go elsewhere, which is what happened with the wealthiest people in Venezuela before that socialist economy totally collapsed.
So anyway, Mayor Pete suggested the following tax hikes:
- Higher marginal income tax rate on the wealthiest. (Earth to Pete: The rich already pay most of the taxes. The top 50% of taxpayers pay 97% of all income taxes.)
- Wealth tax on Americans once they become rich. (Translation: Punish capitalists who dare to make more money.)
- Financial transactions tax. (Wall Street will love this.)
- Closing corporate tax loopholes and incentives for offshore bank accounts.
Buttigieg said: “You don’t blow a hole in the budget with an unnecessary and unaffordable tax cut for the very wealthiest. We really need to entertain ideas [such as] a higher, marginal income tax rate on those earning the most, a reasonable wealth tax or something like that to make sure people are giving back when they become enormously wealthy.”
Here’s his full answer:
“There are also proactive steps we need to take, we need to be smart about spending, just as I have to be as a mayor. The city of South Bend does not have its own currency so I don’t get to print money in order to deal with the gap on the budget. We just have to figure it out, I think we need a little more of that mentality in the federal government.
But debt can play a role. Deficits can play a role when you doing deficit spending that pays for itself in the long run. Now tax cuts for wealthy don’t do that. But investments in education, in infrastructure and health, sometimes can.
We should be honest about the fact sometimes that is appropriate, but not if you have no vision of what revenue is going to support it, when candidates, Democrats, go out promising— as I think we should, that we’re gonna have major increases in investment in things like education, health and infrastructure, we have to be willing to say where revenue is gonna come from.
That’s why we really need to entertain ideas I would say a fairer, which means higher marginal income tax rate on those earning the most, a reasonable wealth tax or something like that to make sure people are giving back when they become enormously wealthy.
Perhaps a financial transaction’s tax, that taxes these millisecond differences in computer trades, that people become enormously wealthy of them. I’m not saying we should ban them. Since it is not obvious how much real values they’re adding to the economy, the least we could do is to get some value for American people.
And also closing corporate tax loopholes and incentives for offshoring that have it to where, pretty much everyone here in the room probably paid more personally, in federal income taxes than some of the most wealthy multinational corporations like Amazon that made billions in profits and paid zero last year.”
Source: Fox News
Socialism has never succeeded throughout history
So basically, Pete Buttigieg‘s plan to manage our ballooning national debt is income distribution.
That sounds like a great idea — except that socialism has never worked in real life. It is a failed ideology that has only resulted in poverty, anarchy, and mass murder.
Why do Dems prioritize illegals over lawful US residents?
Democrats think that Big Government and More Taxes are always the solution instead of fiscal responsibility.
If Democrats like Buttigieg actually cared about controlling our debt crisis, why do they insist on mass-importing illegal aliens into the United States? It is American taxpayers who are subsidizing these people’s lives. Meanwhile, there are millions of Americans who are homeless, live in poverty, and need help.
Instead of wasting $116 billion every year on illegals, it would be nice if the government could take that money and fix our crumbling infrastructure and public transportation systems.
South Bend residents: ‘I ain’t never seen the dude’
While Pete Buttigieg pays lip service to caring about the poor, low-income residents of South Bend, Indiana (where he’s allegedly the mayor) told CNBC that he hasn’t done anything for the struggling city.
“Ain’t s— changed,” said Shawn White, a black 24-year-old from South Bend’s west side. “How is he gonna run the whole country if you can’t even get your city right first?”
Shawn White says he has never seen Mayor Pete in the small hamlet of 102,000 people that he governs. “I ain’t ever seen the dude,” White said.
Other South Bend residents complain that the streets are riddled with potholes and the sidewalks and curbs are so run-down you can barely walk on them. “Around this neighborhood, they don’t fix anything up,” said senior citizen Steve Conard.
America, we deserve better than Mayor Pete. Otherwise, the United States could soon devolve into the dystopian society that is Europe:
#Update: And here are they screaming give us all the papers we need and stop the deportation of our friends, at the Charles de Gaulle Airport in #Paris. and demand prime minister Édouard Philippe, will give all of them permanent legal status to stay in #France. pic.twitter.com/AH8K1BdkGH
— Sotiri Dimpinoudis ❁ (@sotiridi) May 19, 2019
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