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John,
According to a new report by Americans for Tax Fairness, America’s 704 billionaires have gotten $1.7 TRILLION richer over the two years of the pandemic. That’s 57% richer at a time when the average workers’ wages increased by just 2.6% in 2020 and 4.5% in 2021.[1]
America’s billionaires now own more wealth than the bottom half of Americans―that’s 165 million people.
Check out our latest infographic below on billionaire wealth gains and then pitch in to fight for a Billionaires Income Tax to tax billionaire wealth gains every year, just like workers’ wages are taxed.
A Billionaires Income Tax would raise $557 billion over 10 years―more than enough to cover historic clean energy investments proposed by President Biden.[2] Or, it could more than pay for the cost of universal pre-K as well as making childcare more affordable.[3]
We cannot accept an economy and tax code that allows billionaires to hoard trillions of dollars while working families struggle to afford healthcare, childcare, education and housing. It's wrong, and we must do better.
Pitch in $5 or more. We need a Billionaires Income Tax, now!
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for fighting to unrig our tax code and our economy to invest in working people and families, not more billionaires and luxury yachts.
Frank Clemente
Executive Director
Americans for Tax Fairness
[1] “Employment Cost Index -- December 2020,” Jan. 29, 2021 and “Employment Cost Index -- December 2021,” Bureau of Labor Statistics, Jan., 28, 2022
[2] “Wyden Statement on Billionaires Income Tax Score,” Senate Finance Committee, Nov. 5, 2021
[3] “Congress has a plan for universal pre-K. Will states opt in?,” Kansas Reflector, Oct. 3, 2021
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