8 Mar 2026 7:55 am
The modern day Robin Hood…RebelGator » 46 minutes ago » wrote: ↑ Make Billionaires Pay Their Fair Share Act (2026)
This bill targets the extreme concentration of wealth in the U.S. by taxing the country's wealthiest individuals.For the reading challenged, this means that Sanders would like to confiscate 50% of an individind's net worth and redistribute it to non-producers. You can expect the resultant fallout to be a stock market crash affecting the very people he purports to subsidize.
- Wealth Tax: Establishes a 5% annual wealth tax on individuals with a net worth exceeding $1 billion.
- Target Population: Estimates suggest this would apply to approximately 938 billionaires.
- Revenue Generation: Projected to raise $4.4 trillion over the next decade.
- Funding Priorities: The revenue is intended to fund various social programs, including:
- Direct Payments: A $3,000 annual payment to individuals in households earning $150,000 or less.
- Medicare Expansion: Extending coverage to include dental, vision, and hearing.
- Education: Establishing a $60,000 minimum salary for all public school teachers.
- Social Services: Capping childcare costs at 7% of family income and expanding Medicaid home healthcare.
wonder how long before they move offshore with all their holdings…*shakes head*
JuCo 5 percenter...72
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