Bernie Sanders Flirted With 100% Marginal Tax on the Rich, Maximum Wage
In the 1970s, when he was a candidate for Senate, Sanders told the Burlington Free Press that “nobody should earn more than $1 million.”
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Vermont Senator Bernie Sanders distanced himself from the Eisenhower-era top marginal tax rate of 90 percent during last week’s Democratic presidential debate, but as he prepares to detail his support of democratic socialism in a major speech Thursday, documents from his past show him supporting an even higher rate of taxation on the nation's highest earners.
In several articles dating back to the early 1970s, Sanders is described as supporting a top marginal tax of 100 percent for high earners or the establishment of a maximum wage.