John,
In the last two years, as working people have endured a pandemic and rising prices, the wealth of America’s billionaires has grown by $2 trillion.
How are the billionaires spending that money? To subvert our democracy by buying elections.
In the 2020 election, billionaires spent $1.2 billion on super PACs and direct donations to candidates. Who did they support? Largely candidates who want to further rig the nation’s economy, take away our rights, and privatize Social Security.
It’s time for billionaires to start paying their fair share in taxes. That includes paying into Social Security all year long, just like the rest of us. And their unearned investment income should be subject to Social Security contributions, just like wages.
Join us in calling on Congress to require billionaires to pay their fair share of taxes, including paying into Social Security all year long! When they do, they’ll have a lot less money to buy elections.
The wealthier billionaires get, the more that wealth distorts our democracy. They buy politicians so that they can get away with raising prices and breaking the law. And many of those same politicians—like Blake Masters and JD Vance, both Senate candidates backed by billionaire Peter Thiel—want to cut, privatize and even eliminate our earned Social Security benefits.
Holding billionaires accountable starts with making them pay their fair share in taxes! And we can use that money to strengthen Social Security.
Tell Congress: It’s time for billionaires to pay taxes each year, just like working people!
Thanks,
Alex Lawson Social Security Works
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