Liberal Forum

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. 

• 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. 

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.