Beto: Use Taxes To Transfer Wealth From Whites to African-Americans

Last Thursday future-failed presidential candidate Beto O'Rourke suggested we use the tax code to transfer wealth from rich white people to African-Americans in an effort to combat income-inequality.

During a visit to Salem, N.H., about 100 voters gathered to see and listen to Beto promote his campaign at the home of former Saudi Arabian ambassador James Smith. 

During the appearance a member of the audience asked Beto how he would use the tax code to help minorities. 

After noting the wealth gap between white and black people, Beto said:

"What if in the tax code we did a better job of breaking down that accumulated wealth, of taxing it so it is not producing the greatest income and wealth inequality that we’ve seen in our lifetimes, unseen since the Gilded Age of the 19th century? What if we decided that we would use the proceeds to invest in people, in education?”

While wealth distribution might seem radical, it's not a unique idea to the 2020 Democrat party candidates.

Senator Elizabeth warren suggested a "wealth tax" on people in the highest 1% income bracket.

The Pursuit of Happiness

The Pursuit of Happiness

Ken Webster Jr is a talk radio personality and producer from Houston, TX. He started his career in Chicago on the Mancow show and has since worked at dozens of radio stations all over the country. He’s currently the host of Pursuit of Happiness... Read more

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