Bloomberg: I’ll Tax The Poor Because “Then The Poor Will Live Longer”

bloomberg tax the rich
Presidential candidate Michael Bloomberg admits his strategy behind taxing the poor. (Twitter)

Former New York City Mayor Micheal Bloomberg made a statement in favor of taxing the poor as recently as 2018. He argued that taxing the poor could force them to make healthier life choices.

“The question is do you want to pander to those people or do you want them to live longer,” Mr. Bloomberg said in a speech in April 2018 at the International Monetary Fund in Washington.

“I listen to people saying, ‘Oh, we don’t want to tax the poor.’ Well, we want the poor to live longer so they can get an education and enjoy life. That’s why you do want to do exactly what a lot of people say you don’t want to do,” he said.

This comes after Bloomberg got flak after his regressive taxes on cigarettes or soft drinks and used that argument during the speech.

“Yes they are [regressive],” said Bloomberg.  “That’s the good thing about them because the problem is in people who 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.”

Folks on Twitter immediately attacked the Democrat Presidential candidate calling him a “dictator” and “elitist.”

Bloomberg passed the Big Gulp ban in 2012 that taxed sodas of a certain size. His admission of wanting to tax the poor goes against the tax-the-rich policies of his Democrat rivals in the 2020 primary.

The former New York mayor has a huge grassroots and fundraising advantage from his previous efforts but has missed the Democrat debates and it is yet to be seen how he polls in the necessary swing states.

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