Congratulations to our presumptive Democratic nominee, Joe Biden!
Billionaire U.S. candidate Bloomberg floats plan to tax rich people 'like me'
FEBRUARY 1, 2020 / 11:39 AM / UPDATED 8 HOURS AGO
Jason Lange
3 MIN READ
WASHINGTON (Reuters) - U.S. democratic presidential candidate Michael Bloomberg on Saturday proposed major tax hikes on wealthy Americans and corporations, including a new tax aimed at people earning more than $5 million per year.
Bloomberg’s campaign estimates the measures will raise about $5 trillion over ten years.
All major Democratic candidates have called for higher taxes on the rich and Bloomberg’s plan helps situate the billionaire former mayor of New York as a relative moderate among Democrats hoping to challenge Republican Donald Trump in the November election.
The proposals bear similarities with those of moderate frontrunner Joe Biden.
Like Biden, Bloomberg advocates rolling back tax cuts for well-off Americans enacted under Trump, as well as charging higher tax rates on profits earned by the wealthy on asset sales. Also like Biden, he wants to raise the corporate tax rate to 28% from 21%.
More:
https://in.reuters.com/article/usa-election-bloomberg/billionaire-u-s-candidate-bloomberg-floats-plan-to-tax-rich-people-like-me-idINKBN1ZV3WD?rpc=401&
If I were to vote in a presidentialprimary today, I would vote for: Joe Biden
= new reply since forum marked as read
Except wealth taxes don't work, but beyond that a superb idea. 
If I were to vote in a presidentialprimary today, I would vote for: Undecided
