Vermont Independent Senator Bernie Sanders has announced his support for President Joe Biden and he has a plan for the government to confiscate cash.

Speaking with Chris Wallace last week, he said that billionaires should not exist and that the government should confiscate funds before someone can become a billionaire.

“Are you basically saying that once you get to $999 million, the government should confiscate all the rest?” the host said to the senator.

“I’m saying that we should go back to a very progressive tax policy like what we had under Dwight D. Eisenhower,” the senator said.

“Over $1 billion basically all goes to the government?” the host said.

“Yeah, I think people can make it on $999 million,” the senator said.