Michael Bloomberg Just Explained How Taxing The Poor Makes Them Live Longer


Billionaire Michael Bloomberg is on a mission to help America’s poor. He claims he wants them to be the best they can be. So, what is his solution to ensuring the working class lives a longer, happier life? Prepare to be utterly shocked. 

Bloomberg higher taxes poor people
Photo Credit | Forbes

Speaking at the World Bank Group Spring meeting in D.C. he told the audience that poor people need to pay higher taxes.

“Some people say, well, taxes are regressive,” Bloomberg said. “But in this case, yes they are. That’s the good thing about them because the problem is in people that don’t have a lot of money. And so, higher taxes should have a bigger impact on their behavior and how they deal with themselves.”

In other words, poor people are stupid and therefore don’t deserve to spend their money as they see fit.

Former New York Mayor Michael Bloomberg is the seventh richest person in the U.S. The founder of Bloomberg LP, Forbes estimated his worth at $50.8 billion in January 2018. He’s also the man behind the controversial anti-gun group Everytown for Gun Safety.

Though currently listed as an Independent, he’s been a member of both the Democrat and Republican parties. It’s also worth mentioning that Michael Bloomberg is a never-Trump guy who endorsed Hillary Clinton in the 2016 presidential election.

When he is not spending millions on gun control initiatives, apparently, he’s finding ways to steal more of other people’s hard-earned money. Continuing his speech, Bloomberg suggests that taxes on soda are good because they help people live longer. “There’s no question that if you raise taxes on full sugary drinks, for example, they will drink less,” he said. 

It seems that in Bloomberg’s mind, only the wealthy can make good decisions regarding their finances. It’s a mindset we see often coming from the elite class. It’s also a hallmark sign of liberalism which makes his status as an Independent more fantasy than reality.

Fact is, people like Bloomberg are responsible for the “nanny state” that breeds poverty.

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