Notices that he set the bar just above what he himself makes.
Sen. Bernie Sanders (I-VT), introduced a bill on Thursday that would hit billionaires with a one-time tax of 60% of all gains made during the coronavirus pandemic.
In a series of tweets on Wednesday, Sanders discussed the outline and vision of his bill, the Make Billionaires Pay Act. The emergency tax, cosponsored by Sens. Ed Markey (D-MA) and Kirsten Gillibrand (D-NY), would target 467 of the nation’s 650 billionaires and apply to all gains made between March 18 and the beginning of 2021. The proposed funds would be used to cover Medicare and other government-provided healthcare programs for a year.
Bernie Sanders on Twitter: “Yes, by taxing 60% of the wealth gains made by just 467 billionaires during this pandemic, we could guarantee health care as a right for an entire year. And billionaires would still be able to pocket over $310 billion in gains during the worst downturn since the Great Depression. / Twitter”
Yes, by taxing 60% of the wealth gains made by just 467 billionaires during this pandemic, we could guarantee health care as a right for an entire year. And billionaires would still be able to pocket over $310 billion in gains during the worst downturn since the Great Depression.