U.S (NATIVE ORGANIZERS ALLIANCE ACTION FUND): CONGRESS must Pass the OLIGARCH ACT to reduce income inequality.

 

 

 

 

 

 

 

Friend, 

 

Economic inequality in the U.S. continues to grow, year over year, with more and more going to the richest 1%.^[1] In our democracy where wealth equals power, that power seeks to take away our sovereign rights, seeks to destroy Mother Earth for corporate profit, and seeks to limit and take away our voting rights.

This growing concentration of wealth threatens our right to self-governance and sovereignty. Tribal nations, urban Indian communities -- we all need a wealth tax that levels the playing field for Native people and working people everywhere. That’s why we’ve joined with our allies, urging Congress to pass the OLIGARCH Act -- a progressive tax on extreme wealth that can begin to address growing levels of inequality.

Click here to send a message to your Representative and urge them to co-sponsor and pass the OLIGARCH Act to place restraints on extreme wealth, which lead to rising levels of inequality.

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Extreme inequality is a direct result of extreme wealth concentration. So, as inequality rises, those with the most money will pay more. But as inequality is reduced, this wealth tax will come down.

Here’s how it works :

• 2% tax on all wealth between 1,000 and 10,000 times median household wealth;

• 4% tax on all wealth between 10,000 and 100,000 times median household wealth;

• 6% tax on all wealth between 100,000 and 1,000,000 times median household wealth;

• 8% tax on all wealth over 1,000,000 times median household wealth.

Extreme wealth equals extreme power. We’re working to strengthen Native rights and sovereignty and that starts by placing restraints on the very wealthiest households.

Click here to demand Congress pass the OLIGARCH Act and create a wealth tax to fight back against rising levels of wealth inequality and attacks on our rights and sovereignty.

Hawwih (“thank you” in Caddo) for taking action today,

Judith LeBlanc (Caddo)
Executive Director.

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^{[1] Trends in income and wealth inequality}