Bernie Sanders unveils 'Tax on Extreme Wealth' plan via YahooFinance
Presidential candidate Bernie Sanders has been a loud critic of the ultra wealthy. Under his newest plan, he is ensuring those in the highest income bracket pay what he sees as their fair share in taxes.
“At a time when millions of people are working 2 or 3 jobs to feed their families, the three wealthiest people in this country own more wealth than the bottom half of the American people,” Sanders said. “Enough is enough. We are going to take on the billionaire class, substantially reduce wealth inequality in America, and stop our democracy from turning into a corrupt oligarchy.”
Sanders claims that “the wealth of billionaires would be cut in half over 15 years which would substantially break up the concentration of wealth and power of this small privileged class.” There is growing support for taxing the wealthy. A poll from Politico/Morning Consult found that 76% of registered voters think wealthy Americans should pay more taxes. And, a Fox News survey found that 70% of Americans, including 54% of Americans, are in support of raising taxes on those who earn more than $10 million.
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