#wealthtax

[undergroundusa]

"Sanders’ 'Fighting Oligarchy' tour drips with irony. He decries billionaires, yet his own 40-year career has made him a millionaire, with a net worth at $3 million-plus and 3 homes, including a $600K lakefront property, belieing the Bolshevik image he cultivates…."

READ & LISTEN NOW: https://www.undergroundusa.com/p/beware-the-democratic-socialist-dog

[ivygorgon]

An open letter to the U.S. Congress

Expand Social Security by Taxing the Rich!

1,122 so far! Help us get to 2,000 signers!

If nothing is done to strengthen Social Security’s finances, starting in 2034, Social Security will only be able to pay roughly 80% of benefits owed. Thankfully, there’s a fiscally responsible easy solution to this future shortfall that doesn’t impoverish seniors or their families: Make the wealthy pay their fair share! Senator Bernie Sanders has introduced the Social Security Expansion Act of 2023, which would increase benefits by $2,400, extend the lifespan of the Trust Fund by 75 years and do much more to solidify this bedrock of working-class prosperity. And, it’s completely paid for by scrapping the payroll tax cap on incomes over $250,000―meaning that millionaires and billionaires would finally start paying more of their fair share. In the House, Rep. John Larson has previously introduced the Social Security 2100 Act: A Sacred Trust, which would affect just the top 0.4% of wage earners. It would fulfill the promise of our Social Security system by improving benefits for millions of seniors living in poverty and extending the lifespan of the Trust Fund―once again, paid for by making the wealthy pay more of their fair share. Instead of Republican proposals to raise the retirement age or directly cut benefits, Congress needs to scrap the Social Security payroll tax cap on the wealthy. That means that while working people won’t pay a dime more in Social Security contributions, millionaires and billionaires will finally be paying their fair share all year long. Good!

▶ Created on January 11 by Jess Craven

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Expand Social Security by Taxing the Rich!

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[vegansofweightwatchers]

We are also (trying) coming out of a global pandemic, YOU LOOK LIKE ASSHOLES! There on willingness to see, hear, and help it’s becoming unbearable. It’s so embarrassing to be American lately. . . . #RIPsince2017 (I really hope I didn’t just male that hashtag up… it needs to be a thing). #spacerace #capitalism #BillionaireClub #ReadTheRoom #WealthGap #RacialWealthGap #WealthTax #wagegap #taxtherich #eattherich . . @diversifyournarrative Via @rbreich. View the full article through The New York Times. https://www.instagram.com/p/CRRu5FlLZz9/?utm_medium=tumblr

[shihtzuman]

With Popular Single-Payer Plan, Bernie Sanders Enters New Territory: A Wealth…

Bernie Shows the Way Forward: a Tax on the Mega-Wealthy

Okay, so this is yuuuge! Bernie Sanders puts forward the single most important development in political discourse in many years: a wealth tax on the super-rich. Finally, a politician has the guts to define a compassionate, pragmatic and prosperous future for all Americans.

Let me be the first to say it: whoever wants to win the Democratic nomination, and then the Presidency, will carry this mantle forward.

Let's see if any politician (other than Bernie) has the integrity to do it!

#FeelTheBern #WealthTax #RobinHood #MedicareForAll #NotMeUs

https://www.buzzfeed.com/rubycramer/with-popular-single-payer-plan-bernie-sanders-enters-new?utm_term=.qwVJkPOjy#.qfgDaJ3Y8

[ivygorgon]

An open letter to the U.S. Congress

Pass President Biden’s budget!

890 so far! Help us get to 1,000 signers!

At a time when working families are having trouble affording everything from healthcare to education to housing to food, we need a budget that lowers costs for millions of households―paid for by making the wealthy and big corporations pay their fair share.

President Biden’s FY2025 budget would expand the Child Tax Credit, expand Affordable Care Act subsidies to help millions of people afford healthcare in states that haven’t expanded Medicaid, invest in free pre-K for 2 million kids, implement a national paid family and medical leave program, provide free community college, expand Social Security’s modest benefits, and more.

It would also reduce the national debt by nearly $3 trillion.

He does this by raising the corporate tax rate, implementing a 25% tax on the wealth gains of billionaires and ultra-millionaires, ending tax breaks for excessive CEO pay, closing loopholes that encourage corporations to ship jobs and profits offshore, and much more.

I urge Congress to pass President Biden’s FY2025 budget to invest in working people and our future. By wide margins, the American people think that the wealthy and large profitable corporations should pay more of their fair share in taxes. So endorsing the president’s budget is not only good policy, it’s good politics. Thanks!

▶ Created on March 15 by Jess Craven

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Pass President Biden’s budget!

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[ablueview]

No One Should Be Allowed a Trillion Dollars in Untaxed Wealth #ABlueView The WSJ has an eye opening, free article that helps you realize how phenomenally big a number a trillion is:

There is no justification for such beyond-the-pale wealth to go untaxed. Further Examples of Untaxed, Extreme Wealth: "When Does 135,000 = 2 X 115,000,000?"

A Blue View (@ablueview.bsky.social)

When Does 135,000 = 2 X 115,000,000? #ABlueView 🧵1/3 When it's the stock owned by Americans. Galling statistics from https://twp.ai/4hsRQJ: * Top 0.1%, 135K households, own $13.7 trillion in stock * Bottom 90%, 115 million households, own about half that: $7.1T * Top 1% own half of all stock

[seattleru]

Tax war veteran Tim Eyman just told conservatives a harsh truth: Washington’s new 9.9% “millionaires’ tax” is likely here to stay, with polls showing nearly 60% support across voters. Why this fight may already be over 👉 https://hyperlocalnews.website/seaen/tax-war-veteran-warns-wealthy-tax-cant-be-repealed.html

[eleanorgraceashford]

The 2026 Met Gala’s pivot to 'Costume Art'—pairing Seurat with couture—is an intellectual triumph shadowed by the contentious optics of billionaire sponsorship. It is a peculiarly American brand of cultural curation: breathtakingly ambitious, yet inextricably tied to the volatile discourse of the wealth tax. One wonders if such a marriage of high art and private equity could ever truly settle within the more reserved, civic-minded landscape of British public life.