Friend,

Of the 37 million people who shop at Walmart every day, the average
shopper is a woman who makes an income between $40,000 and $80,000 per
year, which means she relies on Walmart’s “guaranteed” low prices to make
ends meet.(1)

But last year, making those ends meet got much harder -- as Walmart raised
its prices on its Great Value food brand dramatically. In some cases,
costs of products nearly doubled. And this price hike wasn’t to cover
improved wages for its employees or supply costs.

The 93% increase in income paid for a $5.9 billion payout to its
shareholders.(2)

Corporate greed like this has created an ultra-wealthy class -- 741
billionaires hoarding $5.2 trillion.(3) And due to multiple loopholes and
a tax code written in their favor, these ultra-wealthy people pay a much
lower rate than average Americans do.

[ [link removed] ]Senator Elizabeth Warren and Representatives Pramila Jayapal and
Brendon Boyle have introduced the Ultra-Millionaire Tax Act of 2024 to
help correct this injustice. Will you sign on to our petition calling for
Congress to pass this tax?

[ [link removed] ]SIGN ON NOW

Since the $1.7 trillion Trump tax giveaway, the wealth gap between the
richest Americans and the rest of us has grown to be the worst since the
Gilded Age of the Rockefellers.(4)

And today’s billionaires aren’t investing in universities and museums.
Instead, they’re spending billions on elections to further rig our
economy.(5) The tax rate of billionaires averages out to about 8% -- a far
cry from the 30% the typical worker pays.(6)

Furthermore, this wealth accrual is exacerbating racial inequality. As
recently as 2022, 400 of the richest Americans -- almost exclusively white
-- held more wealth than every single Black household combined.(7)

The Ultra-Millionaire Tax Act of 2024 would go a long way to rectifying
this grave inequality. The bill puts a 2% tax on the total wealth of
households between $50 million and $1 billion, and 3% on those over $1
billion, rather than on income that can be artificially calculated. And,
the bill allots $100 billion to the IRS to enforce this tax and require
regular audits, compensating for the 92% drop in audits of the wealthy
that have occurred since 2010.

We can pay for Medicare for All, universal childcare, and more -- if the
wealthy pay their taxes. Will you sign on to tell Congress to pass the
Ultra-Millionaire Tax Act today?

[ [link removed] ]Yes, I’ll sign on.

Let's get everyone to pay their fair share!

–Irene, Annie, Angela, Isidra, Mario, Marvin, Alyssa, Jen, and Lindsay
(the Courage team)

[ [link removed] ]SUPPORT THIS CAMPAIGN

Footnote:
1.
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2.
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3. [link removed]
4.
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5. [link removed]
6.
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7. [link removed]



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Courage California (formerly Courage Campaign) makes sure our democracy works for ALL of us by fighting corruption in California politics. We believe the solution lies in exposing and solving systemic problems through strategic organizing, enhancing coordination between progressive organizations, and mobilizing civic engagement from our communities, particularly voters of color, young voters, and self-identified progressives.

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