For too long, the uber rich have had a disproportionate amount of influence in politics. 

Runaway wealth has put some at the very tops of society while others struggle to get by. 

The policy of our founding fathers, no taxation without representation, has been thrown to the wind by many of the more conservative representatives in the Senate. Billionaires in America have dodged a fair tax rate and been rewarded with a shocking amount of influence on the politicians of this nation. 

 

How Our Wealth Tax Works 

Our proposed tax applies only to the top 0.1% of the nation, the vast majority of Americans will not see their taxes going up under this plan. Our extreme wealth tax has a progressive structure starting with a 1% tax on those with assets worth $35 million. This rate rises to 2% for households with $50-$250 million, 3% for $250-$500 million, 4% for $500 million to $1 billion, 5% from $1-$2.5 billion, 6% for $2.5-$5 billion, 7% for $5-$10 billion, and an 8% tax on those with wealth exceeding $10 billion. This sort of tax is anticipated to bring in over $4 trillion dollars in the next decade. 

 

A New and Improved Income Tax 

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Again, the proposed changes primarily impact the nation’s wealthiest individuals, without penalizing those who are currently struggling. In addition, the proposed wealth tax enables a more lenient system that does not unduly punish those currently in the process of accumulating wealth. 

 

The Robin Hood Tax 

For years, Wall Street has been able to run wild financially. A Robin Hood tax is a tiny financial transaction tax on Wall Street that has the potential to generate $300 billion annually, allowing the United States to finally invest in vital education reforms such as college for all and public school reform. Already, 40 nations across the globe have implemented this kind of tax to help rein in the kind of casino capitalism that has wreaked havoc on the global economy. Not only does this tax provide vital funding, but it curbs the trading of risky commodities which has historically cost many everyday people their money. 

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