Sen. Bernie Sanders (I-Vt.), who is running against Hillary Clinton in the 2016 Democratic presidential primary, revealed on CNBC this week that a top tax rate of 90 percent isn’t too high for the United States.
Sanders jokingly referred to “radical socialist Dwight D. Eisenhower” as he noted that the highest marginal tax rate exploded to 90 percent in the 1950s.
“When you think about 90 percent, you don’t think that’s obviously too high?” CNBC’s John Harwood asked.
“No,” Sanders immediately replied. “What I think is obscene, and what frightens me is, again, when you have the top one-tenth of one percent owning almost as much wealth as the bottom 90.”
He continued: “Ninety-nine percent of all new income generated today goes to the top 1 percent. The top one-tenth of 1 percent owns as much wealth as the bottom 90 percent. Does anybody think this is the kind of economy we should have. Do we think it’s moral?”
Watch the interview via CNBC below:
(H/T: Hot Air)