Socialist Bernie Sanders Proposes 60 Percent Wealth Tax On Billionaires To Fund Healthcare For One Year
Bernie Sanders is proposing a new wealth tax on billionaires called the ‘Make Billionaires Pay’ act.
He wants to tax wealth they have generated during the Coronavirus pandemic, to fund healthcare for all Americans for one year.
His socialist instincts always get the best of him.
Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion
Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they’ve gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y.
The “Make Billionaires Pay Act” would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March 18, according to a press release. If passed, the bill
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