Bernie Sanders ✔
@BernieSanders
Americans are sick and tired of corporate CEOs making hundreds of times what their workers make.
Walmart: 1,076 to 1
The Home Depot: 486 to 1
Nike: 379 to 1
We say to corporate America: If you don't end your greed and corruption, we will end it for you.
@BernieSanders
Americans are sick and tired of corporate CEOs making hundreds of times what their workers make.
Walmart: 1,076 to 1
The Home Depot: 486 to 1
Nike: 379 to 1
We say to corporate America: If you don't end your greed and corruption, we will end it for you.
P.S.
Don't confuse this corporate tax with Bernie Sanders' recent new aggressive progressive personal wealth tax that would tax the wealth of the top 0.1 percent with a tax of up to 8 percent.
This tax on extreme wealth would have a progressive rate structure that would only apply to the wealthiest 180,000 households in America who are in the top 0.1 percent.
It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000.
The tax rate would increase to 2 percent on net worth from $50 to $250 million, 3 percent from $250 to $500 million, 4 percent from $500 million to $1 billion, 5 percent from $1 to $2.5 billion, 6 percent from $2.5 to $5 billion, 7 percent from $5 to $10 billion, and 8 percent on wealth over $10 billion. These brackets are halved for singles.
Under this plan, the wealth of billionaires would be cut in half over 15 years which would substantially break up the concentration of wealth and power of this small privileged class.
It would start with a 1 percent tax on net worth above $32 million for a married couple. That means a married couple with $32.5 million would pay a wealth tax of just $5,000.
The tax rate would increase to 2 percent on net worth from $50 to $250 million, 3 percent from $250 to $500 million, 4 percent from $500 million to $1 billion, 5 percent from $1 to $2.5 billion, 6 percent from $2.5 to $5 billion, 7 percent from $5 to $10 billion, and 8 percent on wealth over $10 billion. These brackets are halved for singles.
Under this plan, the wealth of billionaires would be cut in half over 15 years which would substantially break up the concentration of wealth and power of this small privileged class.
