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Senator Bernie Sanders thinks billionaire tycoons like Bill Gates and Donald Trump have no right to own yachts, cars, and other conspicuous trappings of wealth.

"How many yachts do billionaires need? How many cars do they need? Give us a break. You can't have it all," Sanders tweeted on Thursday.

Being a good socialist, perhaps the Bern should take a vow of poverty. Although he's been described as one of the nation's "poorest" senators, the 75-year-old Democrat from Vermont manages to pull in six figures in salary on top of the real estate he owns.

Sanders is the proud owner of three houses -- one in Burlington, the capital of Vermont, one in Washington, D.C., and a third vacation home on the Lake Champlain Islands worth an estimated $600,000.

While other wealthy people are being taxed in the 24-percent range, Bernie only paid a 13.5 percent effective tax in 2014. Opensecrets.org put Bernie's net worth at about $436,000 in 2014. It's not a whole lot, but it's a lot more than the rest of us probably have.

The six-figure socialist also ranks in the top 3.8 percent of U.S. households in terms of wealth, according to CNBC. Maybe what's bugging Bernie is he's not in the top 1 percent.

An article in Fortune noted that Sanders has been able to accumulate "significant assets and pull down a six-figure income while being hostile to business and capitalism."

And Bernie wanted to be our president.

Socialism is an odd duck when it comes to the redistribution of wealth, which has a tendency to trickle up and into the pockets of socialist politicians. But the thing about billionaires like Bill Gates is that they actually use their wealth to create things that benefit humanity.

Who has Bernie benefited with his rhetoric?

"The problem with socialism is that you eventually run out of other people's money," the late British Prime Minister Margaret Thatcher once said.

France ought to know the truth of this statement, having since ditched a 75-percent "supertax" imposed on the country's rich class a few years ago.

What did the supertax accomplish? One by one, the French upper crust simply packed up their wealth, and left the country.

A similar exodus has been unfolding in California as businesses have pulled up stakes in search of more tax friendly states like New Hampshire.

For those of you who have lived in Vermont you've felt the Bern, and it stings in the form of high property taxes.

We think Bernie is just shooting his mouth off. Class envy will do that to a socialist.

Please share this on Facebook if Vermont Senator Bernie Sanders protests too much about other people's money.

Source: Daily Wire

 

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