Bloomberg: Taxing the Poor is Good Because They’ll Have Less Money to Hurt Themselves

Now that former New York Mayor Michael Bloomberg has announced his candidacy for president, he is — of course — fair game. And yes, that’s great for us with a working memory. After all, there have been many times when Bloomberg proved himself to be an extremely arrogant member of the Know-It-All elite. Case in point? Just watch this video in which Bloomberg basically explains that it’s a great idea to tax the poor because higher taxes mean they have less money to hurt themselves. Or something.

“[Some] say, well, ‘taxes are regressive.’ But in this case, yes they are, that’s the good thing about them,” Bloomberg said at the IMF’s 2018 Spring Meeting about taxes on sugary drinks and such. “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.”

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