Bernie Sanders wants to tax Bezos, Musk, Zuckerberg's 'outrageous pandemic wealth accumulation'
From WWW.FOXBUSINESS.COM
Sen. Bernie Sanders, D-Vt., said that the U. S. will tax “billionaires’ outrageous pandemic wealth” incurred between the months of March and August – a period when 50 million Americans applied for jobless aid.
“We are going to tax Jeff Bezos, Elon Musk, Mark Zuckerberg, and the other billionaires' outrageous pandemic wealth accumulation so we can provide health care to all our people,” Sanders said in a tweet Saturday.
Sanders co-sponsored the Make Billionaires Pay Act that impose a one-time 60 percent “windfall” tax on $731 billion accumulated by 467 billionaires, over the six month period.
"At a time of enormous economic pain and suffering, we have a fundamental choice to make,” Sanders said in a statement Thursday.
“We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer. Or we can tax the winnings a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans,” Sanders said.
The legislation put forward in coordination with Sens. Ed Markey, D-Mass., and Kirsten Gillibrand, D-N. Y., would raise $427.1 billion, which the senators say is enough to cover all Medicare expenses for every American over the next 12 months.
Medicare for All is a policy that Democrats believe has become increasingly urgent as 5.4 million American’s lost health insurance coverage during the coronavirus pandemic.
“As more than 160,000 Americans have lost their lives and millions more have lost their jobs, it is unconscionable that the super-wealthy are getting even richer in the midst of this crisis," Markey said in a statement Thursday.
"Despite overwhelming need, Republicans continue to look for any excuse under the guise of deficit reduction to cut vita... (Read more)
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