Raising taxes on poor is a 'good thing for those people' – billionaire Michael Bloomberg | WHAT REALLY HAPPENED


Raising taxes on poor is a 'good thing for those people' – billionaire Michael Bloomberg

Left leaning billionaire Michael Bloomberg says he would like to hike taxes on low-income citizens in his crusade against sugary drinks. He says it’s a “good thing for those people.”

Bloomberg says he wants to decide on what is good for low-income people. “The question is do you want to pander to those people? Or do you want to get them to live longer? There's just no question,” he said.

“If you raise taxes on full sugary drinks, for example, they will drink less and there's just no question that full sugar drinks are one of the major contributors to obesity and obesity is one of the major contributors to heart disease and cancer and a variety of other things,” he said at the IMF discussion panel talking to the IMF Chief Chrisine Lagarde.

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