Jeff Bezos made $8.4 billion in just one day last week. Let’s compare that to what working families make: the median daily earnings in this country is around $150.
But it’s not just Bezos making astronomically more than workers. It’s Bloomberg, Buffett, and the billionaires who run the biggest corporations.
So, I must say it again: It’s time to tax the rich. That’s why my friend Elizabeth Warren and I introduced a wealth tax that would tax those with net worths over $50 million — that’s the top 0.05% of households — so the ultra-wealthy finally start paying their fair share.
This pandemic crushed working people. One in seven families didn’t have enough to eat. More than eight million people were pushed into poverty. Historic levels of job loss have also led to millions of people losing their health care — during a public health crisis! All while Jeff Bezos and other billionaires continued to grow their fortune.
Last year, Bezos paid less than 1% in federal taxes — compare that to the average household paying 14% in federal taxes. That’s why our wealth tax is so important. While leveling the playing field, taxing the rich would also bring in three trillion dollars. Just imagine what we could do with three trillion dollars. That’s COVID relief, health care, infrastructure, child care, education, fighting climate change, affordable housing, and so much more.
We cannot wait any longer. Join me in this fight to tax the rich and fund the programs working people need with a $3 donation right now. Your donation helps us fight back against the corporate interests trying to stop our Ultra-Millionaire Tax Act.
In solidarity,
Pramila
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