What Would Happen If Bernie Sanders Taxed Wall Street?

I'm always puzzled by these kinds of articles. Under the U.S. system, the president can't tax anyone. To create new taxes or raise existing ones, Congress has to enact legislation. Since many legislators on both side of the aisle get a lot of campaign contributions from the financial industry, the chance of this kind of legislation passing is small. Also, Republicans currently have a majority of both houses of Congress, so if Sanders is elected he won't have an easy time getting any of his agenda enacted.

The problem is that he is saying he will only tax Wall Street, but it's pretty obvious to anyone with an interest in economics, that it won't stop there.

To fund everything he wants, everyone will be taxed.

He said one time that he wants the upper tax bracket (federal) to be 56%. With state+federal+local taxes, this means your actual tax rate will be closer to 75% (just like in Norway, which is what he wants to emulate).

It's strange that so many people criticize Trump for discriminating against minorities, when Sanders is doing the same thing.

The 1% is a minority in this country and his main plat form is taking everything he possible can away from them and using them as a scapegoat for everyone's problems.

I call it 'economic fascism'.