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Elizabeth Warren emailed supporters about her new proposed wealth tax, writing:
"The top 0.1% of American families -- the richest 1 in 1,000 -- now have nearly the same amount of wealth as the bottom 90% of American families combined. Meanwhile, for everyone else, opportunity is slipping away.
"This is bad for our society, bad for our economy, and bad for our democracy. We need structural change to fix it."
That's why Warren is proposing a 2% wealth tax on people with over $50 million in assets, and a 3% wealth tax on people with $1 billion or more. This new proposal would raise $2.75 trillion -- enough to fund most progressive priorities.
Other politicians will be watching closely to see if bold ideas like this have support, so please sign on this page as a supporter. (After you sign, we'll help you tweet about it so other politicians see that bold progressive ideas like this DO have huge support!)
Yes! I support Elizabeth Warren's proposed 2% wealth tax on people with over $50 million in assets and 3% wealth tax on people with over a billion in assets. It's time for the very richest people to pay their fair share!