Our country is on the brink. American oligarchs have used their wealth to accumulate an unprecedented level of political power and used that political power to amass even greater wealth. Without decisive action, within the next decade, this vicious cycle of concentrated power and money will destroy democratic capitalism, and with it, our American way of life.
The level of inequality we’re experiencing today hasn’t been this extreme since the Gilded Age. We must act before it’s too late.
I am urging you to sign on as a co-sponsor to the OLIGARCH Act, alongside Representatives Barbara Lee (CA-12), Summer Lee (PA-12) and others, which will directly tax wealth accumulation of the ultra-rich and help to dilute their political power and influence.
There comes a point when extreme wealth is, by definition, extreme power. We have reached that point. Concentrated wealth is suffocating our democracy, threatening our economic system, and undermining our social cohesion. A government that works only for billionaires while ordinary Americans suffer cannot withstand authoritarian forces and extremists. The OLIGARCH Act is the answer to these challenges, and I ask that you support it.
