Other parts of Sanders’ Liberty Union platform went well beyond anything he is currently advocating. In 1973, UPI reported that Sanders urged Vermont’s congressional delegation to “give serious thought to the nationalization of the oil industry.”
The following year, the Bennington Banner reported Sanders’ Senate campaign was focused on “two prime issues.” The first was rate increases for electric and telephone service, which the paper said Sanders sought to confront with “public takeover of all privately owned electric utilities in the state.” Sanders’ plan for public ownership of utility companies involved the businesses being seized from their owners.
It was a view he would carry forward into his 1976 gubernatorial bid: That year Sanders said the Liberty Union platform called for a state takeover of utilities “without compensation to the banks and wealthy individuals who own them.”
These weren’t the only assets Sanders suggested should be seized from the wealthy.
Sanders’ second main theme in his 1974 Senate race was what the Bennington Banner called his “own pet issue,” the “incredible economic power of the Rockefeller family.” As a presidential candidate and member of Congress, Sanders has assailed the influence billionaires and megadonors hold over American politics and media. However, his plan for the Rockefellers went much further, with Sanders implying he would push to have the family’s fortune used to fund government programs. In a 1974 press release, Sanders said “the incredible wealth and power of this family must be broken up.” The Rockefellers’ billions should be “used to create a decent standard of living for all people” by being redirected toward government social programs for the elderly or lower taxes.
Sanders was in the middle of running on an anti-Rockefeller platform in August 1974 when reports began to emerge that President Ford planned to nominate Nelson Rockefeller to be his vice president after the impeachment and resignation of President Nixon. Sanders was apoplectic and sent a letter to Ford urging him to pick someone else because “the Rockefellers are already the richest and most powerful family in the world.” Sanders warned that the appointment “could be the beginning of a virtual Rockefeller family dictatorship over the nation.” Rockefeller was officially nominated about a week later and went on to become vice president.