In presidential campaign news, Senator Bernie Sanders has proposed a new wealth tax on billionaires, saying it is needed to tackle what he called the “outrageous and grotesque and immoral” levels of inequality in the United States. On Tuesday, Sanders tweeted, “There should be no billionaires. We are going to tax their extreme wealth and invest in working people.” Sanders estimates the tax would raise over $4 trillion in revenue over 10 years.
Bernie Sanders Proposes Billionaire Wealth Tax That Could Raise Trillions in Revenue
HeadlineSep 25, 2019