Why would it be in the interest of someone in the one percent to vote for Bernie Sanders? The threat of tax rates of 75-90% may cause a great many people to move their wealth out of the country.
It's pretty simple. If you are super-wealthy, most of your friends are probably also very wealthy. Still, you can watch as the blight of poverty spreads, cities deteriorate, and civil unrest grows.If you're comfortable with that, you might as well support the status quo. But if you want to see quality of life improve all around you, and be able to walk through a city without tripping over beggars and worrying that someone might shoot you at random, then you might want to see Bernie Sanders succeed.Will you go from being super-rich to super-poor under Democratic Socialist leadership? Of course not. Sanders wants to restore income tax to a mid-Reagan level (top bracket of 52%) and cut some loopholes. That's income tax, not wealth tax. You'll still have your billions, but they won't grow quite as quickly. Your earnings will go down, but you will still have far more wealth than you and all your relatives could spend in generations.You also know that lost income will go to very important programs - free college education, repair of roads, train networks, airports, and water systems, increased wages that will help lift millions of families out of poverty, universal healthcare. These are all programs that will improve the country where you live. Pay higher income tax to bring all that about? A bargain?Making money is a game. You try to play it well and perhaps make your way up the Forbes 400 scorecard. But there are more exciting, more rewarding games. That's why so many wealthy people are philanthropists. Knowing that a Bernie Sanders administration will emphasize programs that make America better, and raise the quality of living for most Americans, supporting him is a really good form of philanthropy.I keep reading comments about how raising the minimum wage will hurt businesses. I happen to run one, and I already pay a minimum of $15/hour. Actually I consider that really low and hope to earn enough to give everyone bonuses and raise their rates next year. $15/hour is not a windfall - it's barely enough to pay basic living costs, and less than enough in most major cities.More importantly, raising the overall living standard of many people has far more benefit to business than putting even more cash in the hands of a few wealthy people. People with money in their pockets buy more goods and services. That's called "demand", and that's what drives business growth. We've seen that stagnate over the last 30 years because most of the new income is going to people who already have so much, they can't spend even a tiny fraction of it.So if you are in the top 1% and don't care about anything other than amassing more wealth than Midas and swimming in your money tank like Uncle Scrooge, then there's no reason to vote for Bernie. If you're anyone else, and actually care about people and improving the world around you, then Bernie Sanders is a really good bet for helping to make that happen.Besides, it's going to happen with or without you. If not this year, then very soon the masses of starving and barely-getting-by Americans will realize that each of them has a vote, and that 99% of votes outweighs 1%. Change is coming, and most billionaires are smart enough to learn to support the right kinds of change rather than trying to hide from it.Edit (addition): Perhaps the most important point is that Bernie Sanders places environmental protection at the very top of his agenda. If there is a way to reduce or even reverse global warming, a Sanders Presidency will be at the forefront of that effort. Why does that matter to the super-rich? It matters a lot.Think about that "scoreboard" again - becoming wealthy is all about creating a legacy. You can't use all those billions yourself, so you hope to pass on much of your fortune to your children and grandchildren. You're also very intelligent, so you understand that we need to take action to ensure that the world is a healthy environment for your dynasty.That will not happen under any of the current Republican candidates, every one of whom denies industry-caused global warming. The Republican Congress and Senate recently voted to dismantle the Clean Water Act. If you are in the top 1%, you want your descendants to enjoy clean, safe water, breathable air, and a climate that allows them to enjoy the outdoors.This, along with the quest to reduce economic inequality, is the main reason I will vote for Bernie Sanders in both the primary and general election. I have a son.