Democratic Primaries
Related: About this forumBloomberg Once Said Taking From the Rich Was a Bigger Problem Than Income Inequality
The billionaire former New York City mayor has emphasized the need to tackle economic inequality as part of his election platform, listing tax policy and economic justice for black America as two key pillars of his election platform. He has also vowed to raise high income tax rates, impose a new tax on billionaires like himself, create jobs and generational wealth for Black Americans, and close tax loopholes used by the rich. Just last week, he wrote a New York Times opinion piece headlined Fixing Inequality is My Priority.
But comments he made at a high-powered Washington summit in 2018 run counter to those goals and could end up complicating Bloombergs efforts to sell himself to Democratic voters.
I think income inequality is a very big problem. But the bigger problem is, you can take money from the rich and move it over to the poor. If you do it too much then the rich stop producing and everybody loses, he told International Monetary Fund managing director Christine Lagarde during a Q&A at the IMFs Spring Meeting.
https://www.thedailybeast.com/mike-bloomberg-once-said-taking-from-the-rich-was-a-bigger-problem-than-income-inequality
primary today, I would vote for: Undecided
Autumn
(45,120 posts)primary today, I would vote for: Undecided
Hoyt
(54,770 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)primary today, I would vote for: Joe Biden
bucolic_frolic
(43,342 posts)primary today, I would vote for: Joe Biden
BusyBeingBest
(8,059 posts)but more than Biden or Buttigieg. At least from what I've been looking at.
primary today, I would vote for: Undecided
Response to bucolic_frolic (Reply #2)
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Blue_true
(31,261 posts)If there is no incremental demand, business owners won't increase production.
Other than that, I agree with you. Rich people should pay more in taxes and the money needs to be spent in a way that promotes secondary economic activity - that WOULD increase demand and cause owners to raise production, further stimulating the economy.
primary today, I would vote for: Joe Biden
Gravitycollapse
(8,155 posts)We really need to stop pushing this narrative that rich people hold everything together. They dont.
primary today, I would vote for: Undecided
BeckyDem
(8,361 posts)to countries were there are no labor laws at all? Gee, I wonder how he will deal with trade world wide. So hard to guess, huh?
primary today, I would vote for: Joe Biden
Hoyt
(54,770 posts)Thats exactly what Warrens Economic Patriotism is all about.
primary today, I would vote for: Joe Biden
You have any info you would like to share?
primary today, I would vote for: Joe Biden
tonedevil
(3,022 posts)but be intimate friends with John Galt.
primary today, I would vote for: Undecided
evertonfc
(1,713 posts)Bernie said fool lines were not that bad.
primary today, I would vote for: Joe Biden
abqtommy
(14,118 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)When money is moved around, we have to be smart about how it is done. Other than food, housing and healthcare assistance that is adequate, instead of handing people money we should instead invest in schools, training programs, safe streets, those investments produce offshoot economic activity that helps poor people even more.
primary today, I would vote for: Joe Biden