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Donkees

Donkees's Journal
Donkees's Journal
September 24, 2019

Tax on Extreme Wealth - Read the Plan

https://twitter.com/BernieSanders/status/1176485327336329216


https://berniesanders.com/issues/tax-extreme-wealth/


Excerpt:

Tax on Extreme Wealth

In order to reduce the outrageous level of inequality that exists in America today and to rebuild the disappearing middle class, we must establish an annual tax on the extreme wealth of the top 0.1%.

Details
Today, the United States has more income and wealth inequality than almost any major country on Earth, and it is worse now than at any time since the 1920s.

At a time when millions of Americans are working two or three jobs to feed their families, the three wealthiest people in this country own more wealth than the bottom half of the American people.

Over the last 30 years, the top 1 percent has seen a $21 trillion increase in its wealth, while the bottom half of American society has actually lost $900 billion in wealth. In other words, there has been a massive transfer of wealth from those who have too little to those who have too much. For the sake of our democracy and working families all over America who are struggling economically, that has got to change.

In order to reduce the outrageous level of inequality that exists in America today and to rebuild the disappearing middle class, the time has come for the United States to establish an annual tax on the extreme wealth of the top 0.1 percent of U.S. households.

This wealth tax would only apply to net worth of over $32 million and would raise an estimated $4.35 trillion over the next decade. Anyone who has a net worth of less than $32 million would not see their taxes go up at all under this plan.

The revenue raised under this plan would be used to fund Bernie’s affordable housing plan, universal childcare and would help fund Medicare for All.
September 24, 2019

Bernie Sanders rolls out wealth tax plan that would help fund 'Medicare for All'

By Tami Luhby and Gregory Krieg, CNN
Updated 8:01 AM ET, Tue September 24, 2019

Excerpt:

Sanders, a Vermont independent, has come under fire from a number of his 2020 Democratic presidential primary rivals over the cost of his plans, which would run into the trillions of dollars. While he has maintained that the wealthy would foot the bill for most of those proposals, Sanders has acknowledged that the middle class would see their taxes rise to pay for Medicare for All. He says that many Americans would still come out ahead because they would no longer pay premiums or out-of-pocket bills for health care.

The new proposal was rolled out a day after Bloomberg reported that a polling firm associated with former Vice President Joe Biden had been studying which arguments against Medicare for All would be most effective with voters. One of its conclusions: the cost to taxpayers. Sanders responded to the news by insisting again that "no one earning less than $29,000 will pay any new taxes" under his plan, which he called "a great deal for the American people."

Under Sanders' "tax on extreme wealth," married couples worth more than $32 million would pay a 1% tax on their wealth above that threshold. The rate would rise to 2% on net worth between $50 million and $250 million, climbing in increments to a 8% tax on wealth above $10 billion.

"We are going to take on the billionaire class, substantially reduce wealth inequality in America and stop our democracy from turning into a corrupt oligarchy," said Sanders, who earlier this year released a proposal that would expand the federal estate tax on the wealthiest 0.2% of Americans, imposing a top rate of 77% on estates worth more than $1 billion.

https://www.cnn.com/2019/09/24/politics/bernie-sanders-wealth-tax-proposal-medicare-for-all/index.html

September 24, 2019

2020 Daily Trail Markers: Sanders campaign hosts medical debt town halls



Bernie Sanders is unveiling a new plan his campaign says will eliminate nearly $81 billion in medical debt. CBS News 2020 campaign reporter Cara Korte joins CBSN to discuss the senator's plan and his recent town hall events focused on medical debt.
September 24, 2019

▶️ Hear the Bern: Episode 25 - Best of Bernie: A Million Donors Strong - Housing for All - Climate



https://blubrry.com/hear_the_bern/49233837/25-best-of-bernie-a-million-donors-strong-housing-for-all-climate-strike/

Veterans share their stories of fighting for essential medical care at recent campaign town halls. Bernie unveils his housing-for-all plan, gets personal in an NPR interview, and explains how he would fight for a progressive agenda, whether or not he faces a supportive Congress.
September 23, 2019

🔥 Bernie Beats Trump Rally



BERNIE BEATS TRUMP: This is a time to take on powerful special interests that control our political and economic life. Together, we are going to defeat the most corrupt president in recent history, and finally build a country that works for working people, not just the 1%. Join our rally live in Clinton, Iowa:
September 23, 2019

🔥 FACEBOOK LIVE + PSCP: Ice Cream with Bernie in Dubuque, Iowa

https://www.facebook.com/berniesanders/videos/971323496540885/

https://twitter.com/BernieSanders/status/1176256202633691136



DEFEAT DONALD TRUMP: We are the strongest campaign to defeat the most corrupt president in recent history. But we're not only going to do that. We are going to transform this country into one that works for ALL people, not just the top 1% and powerful special interests.

September 23, 2019

🔥 Town Hall with Bernie in Decorah, IA


Multistreaming with Restream.io





NO BILLIONAIRES: Donald Trump will have nearly unlimited money from billionaires and the top 1%. We have something far more powerful — a million grassroots donors who are ready to take on the billionaire class. And we're going to win. Join us live in Iowa:

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