Earlier this morning, New Jersey Senator Cory Booker became the latest socialist to throw his hat in the ring for the US Presidency…
He announced his candidacy with a new website and two-minute video full of the usual collective hoopla.
Bear in mind that Booker raised taxes by 20% while serving as mayor of the City of Newark, and as Senator he has been vocally in favor of everything from nationalized healthcare to so-called ‘baby bonds’ where the US Treasury manages savings accounts for new-born babies.
Booker joins an unparalleled group of socialists that are all coming for your wealth… Kamala Harris, Elizabeth Warren, and Kristen Gillibrand.
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And like the other candidates who have already called for a 70%+ progress income tax and a flat tax on wealth, Booker will no doubt support higher taxes.
(Booker has already proposed an increase to the US federal estate tax, a.k.a. ‘death tax’, to an unbelievable 65%!)
We’re still waiting for Bernie Sanders to officially announce– though he did make headlines yesterday calling for his own massive increase to the estate tax…
I mean… this group is so socialist I’m starting to think that someone is going to enter the exhumed remains of Karl Marx into the US Presidential race.
If you’ve been reading Notes, you know I believe the rise of socialism is one of the most important and threatening themes today.
There’s a big reason for this: wealth and income inequality continue to grow.
Over the last ten years, wealth of the richest billionaires more than doubled. Meanwhile the total wealth of the bottom 50% of the world’s population shrunk by 11% just in the last…