Here is Senator Sanders reaction the the Richard Branson space flight.
“Here on Earth, in the richest country on the planet, half our people live paycheck to paycheck, people are struggling to feed themselves, struggling to see a doctor – but hey, the richest guys in the world are off in outer space! Yes. It’s time to tax the billionaires.”
He is a master of generalization and over simplification, not to mention naive. It is precisely because of people like Branson and Musk, and Bezos and before them the standouts of the 19th century that this Country is what it is economically. And why in the USA, even our poor are well off by international standards and why immigrants flood our borders.
Those words “live paycheck to paycheck” are the most misused in the political vocabulary. They immediately conjure poverty and financial hardship.
The fact is living paycheck to paycheck is an American thing. It has little to do with income in most cases, but it has a great deal to do with spending and lifestyle. Anyone imprudent with their money will live P to P and often do. That is why Americans are poor savers, generally unprepared for retirement or a financial emergency.
Government is not the answer to irresponsible behavior.