Quantcast
Connect with us

‘Member of the 1%’ shocks Reddit: ‘I’m voting for Bernie Sanders. Here’s why’

Published

on

Senator Bernie Sanders (Brookings Institution/Flickr)

A self-described member of the 1 percent shocked the Reddit community on Wednesday with an explanation of why he was voting for the presidential candidate who has made higher taxes for the wealthy a tenet of his campaign.

In a wildly popular Reddit post, a user named thunderd11 announced: “I’m a member of the 1% and I’m voting for Bernie Sanders.”

ADVERTISEMENT

The user who described himself as a “white male in my 30s” said that he grew up “fairly poor,” and then started a successful consulting firm after nearly a decade in the military, earning him “membership in the 1% by pretty much any definition of the phrase.”

He argued that Sanders’ plan to raise taxes on the wealthy was the right way to address income inequality.

“After all the write offs, business expenses, mortgage interest deductions etc… My Taxable Income is less than half of my Gross Income,” the 1 percenter noted. “Add in my capital gains earnings at their super low tax rate even though my gross income is well over the top tax bracket my effective tax rate is usually around 17-18% every year and could actually be quite a bit lower if I put actual effort into (legal) tax avoidance strategies.”

“This gives me a slightly lower effective tax rate than my housekeeper.”

And according to the business owner, returning to the higher a 90 percent rate would take his effective tax rate to “33% instead of an effective 18%.”

ADVERTISEMENT

“So please don’t let the ‘91% top tax bracket’ fool you. The rich will still be PLENTY rich. My standard of living will change exactly 0%,” he insisted. “I’ll still drive an expensive car and go on nice vacations and pay my employees and buy the same things I always bought.”

Agreeing with Sanders on the issue of income inequality, he predicted that doubling the minimum wage would be “wonderful for business.”

“Feel free to look up all the studies of how very little product prices would have to increase to support doubling the minimum wage and still maintain profit margins. It’s laughable,” he wrote. “I pay every one of my employees above market rates cutting into my own profit margins and here’s the result. I have a cult following.”

ADVERTISEMENT

The Reddit posting went on to back Sanders’ positions on climate change, moving jobs back from overseas and investing in education.

The post had received over 4,000 upvotes as of Thursday morning, more than any recent item in the “Sanders For President” subreddit.

ADVERTISEMENT

However, the post also attracted a number of negative responses.

“What horseshit, that lower than secretaries tax rate has been proven time and time again to be complete horseshit,” one user wrote.

“Socialism is not compatible with freedom,” another redditor complained.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Conservative Charlie Sykes tells Trump if he wants a pardon — he’ll have to admit he’s guilty first

Published

on

Editor and creator of The Bulwark, Charlie Sykes, told MSNBC's Joy Reid that the most "Trumpy" of things President Donald Trump could do is pardon himself ahead of leaving office in January.

After the president pardoned ret. Lt. Gen. Michael Flynn, it sparked new anticipation on how Trump will protect himself from prosecution after leaving office. Trump was alleged to have committed at least ten acts of obstruction of justice by special counsel Robert Mueller. In that case, the Justice Department followed the internal rule that sitting presidents could not be indicted. Then, it stands to reason that the Justice Department would also follow a 1974 memo from the same Office of Legal Counsel that said a president could not pardon himself.

Continue Reading

Breaking Banner

‘It’s pathetic’: John Avlon slams Trump’s ‘delusional’ fantasy that he’s winning by ‘a lot’

Published

on

On CNN Wednesday, fact-checked John Avlon tore into President Donald Trump for his "delusional" claim that he's the real winner of the election.

"Let's not normalize that lie, because it is delusional," said Avlon. "It's the political equivalent of someone standing outside and saying that the sky is green, that the moon is made out of cheese and they're Napoleon. It's pathetic. It shows a fundamental disrespect for fact and reality, and frankly, his supporters as well. It's a symptom of an unwell person."

"We should not normalize it because it's just Trump lying trying to overturn the election as he wants to do. No, he's delusional," added Avlon. "People who follow him are being sucked into a vortex by someone who is struggling with his own soul."

Continue Reading
 

Breaking Banner

New evidence shows GOP’s David Perdue might have lied about his knowledge of stock trades: report

Published

on

On Wednesday, The Daily Beast reported that, despite Sen. David Perdue (R-GA) repeatedly claiming that his stock portfolio is managed by "outside" advisers, there is evidence that Perdue in fact personally made decisions on individual stock trades.

"On Wednesday, [The New York Times] reported that Perdue was investigated by the Department of Justice as it probed possible insider trading from a number of lawmakers over their investment activity around the coronavirus spread," reported Sam Brodey. "That investigation found that an executive at an Atlanta-based company called Cardlytics, where Perdue had previously served on the board, mistakenly sent Perdue a vague email in January saying changes were coming to the company."

Continue Reading