During a recent interview with CNBC’s John Harwood, socialist and Democrat presidential candidate Bernie Sanders sounded off on the issue of income redistribution – a recurring theme throughout his legislative career.
“I think these people are so greedy,” he said of business executives who oppose his leftist ideals. “They’re so out of touch with reality they think they own the world. The idea that anybody like me or anybody else are challenging them and saying maybe, just maybe, there’s something wrong when 99 percent of all new income goes to the top one percent.”
Sanders referred to the “radical socialist Dwight D. Eisenhower,” under whose administration the top marginal tax rate hit 90 percent.
“If you’ve seen a massive transfer of wealth from the middle class to the top one-tenth of one percent,” he asserted, “you know what, you’ve got to transfer that back.”
Harwood asked the Vermont senator if he thinks a 90 percent tax rate for the wealthiest Americans is too high.
“No,” he answered. “What I think is obscene and what frightens me again is when you have the top one-tenth of one percent owning almost as much wealth as the bottom 90. Does anybody think this is the kind of economy this country should have? Do we think it’s moral?”