U.S : Tax the rich.

 

 

 

Dear friend,        Senator Elizabeth Warren and Representative Pramila Jayapal just announced their bold plan to pass a wealth tax. They're going to need our help to pass it.    Billionaires made more than $900 billion during the pandemic. Warren's plan would create a two percent tax on assets over $50 million dollars, which would generate $2.75 trillion over ten years.    It won't pass without a groundswell of support from the American people letting Congress know we want them to pass it. Will you speak out today ?        Sign Demand Progress' petition. Tell Congress: It's time to pass a wealth tax!            ADD YOUR NAME           As the pandemic exposed the deepest faults in American society, wealth inequality has taken off to new extremes. The wealthy have seen rising investment values, while the rest of the US is careening down a path marked with evictions, debt, and unemployment.    Economists have warned of a K-shaped recovery from the covid crisis — meaning that the rich will get richer, and the poor will get poorer.    That's why we're asking Congress to tax the wealthiest Americans — those with a net worth of over $50 million. Taxing the 75,000 families with over $50 million could help fund universal childcare, Medicare for All, free college, and more.    Warren's tax would mean that a family with a net worth of $60 million would pay a two percent tax on their assets over $50 million ($10 million). Billionaires would be taxed three percent on assets over one billion dollars. Warren's proposal is our best bet at passing a wealth tax, and getting ultra-rich millionaires to pay up.        Can you sign and tell Congress to pass a wealth tax?            ADD YOUR NAME   Thank you for speaking out,            Tal and the team at Demand Progress.                                Demand Progress. Daily Kos, PO Box 70036, Oakland, CA, 94612.