r/PoursTea • u/Veshaad Timendi Causa Est Nescire • Aug 07 '26
PoliticalTea š³ļø Eventually something has to give...
The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.
•
u/Big-Wrongdoer-965 Aug 07 '26
I appreciate the offer but I do t need a check. Just unfuck healthcare and social welfare programs.
•
u/TitShark Aug 07 '26
Some of us need the check
→ More replies (42)•
u/PsionicKitten Aug 08 '26
Actually effective and efficient social welfare programs (and healthcare!) for those in need, like you who claims they need a flat cash infusion, would be significantly more effective.
The red tape in the "fear of abuse" of it, social welfare is exceptionally difficult to navigate and obtain, especially for people who need it but have absolutely no clue how to even get started much less navigate the systems.
→ More replies (8)•
u/A_and_P_Armory Aug 07 '26
Ya, remember āyou can keep your doctorā? My wife just found out she canāt. But she can cash pay an office visit for $189. Or change to a marketplace plan that is $350/mo with the subsidies.
•
u/Relevant_Problem1935 Aug 07 '26 edited Aug 07 '26
If the entire system switched from private to federal. Then you absolutely could keep your doctor. No more networks to worry about. And I can say from experience having insurance is absolutely necessary. It's nice to be able to pay for a doctor visit once in awhile, but if something significant happens and you get $180,000 bill. Then you are screwed
→ More replies (27)→ More replies (3)•
u/rjsquirrel Aug 07 '26
That part of the ACA got rolled back in the years since. 3 guesses who had that on their agenda.
My insurance just changed their rules mid-plan year and kicked my doctor off their coverage. The insurance companies donāt give a flying fuck about us.
•
u/WeHaveArrived Aug 07 '26
3k is like 2 unexpected car maintenance issues. Which for most people is huge. Needing new tires and having to come up with 1k+ sucks so hard.
→ More replies (1)•
u/CeruleanEidolon Aug 08 '26
I wouldn't say no to a check. Unfucking healthcare and social programs is going to take a long time, and this would alleviate some of the pain that comes from it being perpetually fucked in the meantime. That's not even touching on how Republicans have fucked property taxes and the cost of housing, along with higher education forcing young adults to start their lives in debt they won't get out from under for decades.
Depriving the middle and lower classes of their spending power is not a recipe for a healthy lasting economy, but Republicans don't actually seem to care about that sort of thing anymore.
•
u/Decent_Group_2435 Aug 08 '26
Agreed. 12k for everyone? Price of everything just goes up. Get some universal healthcare in place and spend money on education and child services.
→ More replies (1)→ More replies (31)•
u/Beowulf1896 Aug 07 '26
I agree. It would cost $7k per capita to fix healthcare. That is what the most expensive single payer system pays. So once we tax the wealthy to do this, we can save what we currently pay. Do you want to guess? 12k per capita. Capitalistic medicine makes healthcare execs rich. It doesn't make the care affordable or effective.
→ More replies (9)•
u/mxzf Aug 08 '26
We don't even need to tax the wealthy to do that. We already spend more than that on healthcare as-is, we just need to put the money towards single-payer healthcare instead of the current health insurance companies and the issue is solved with money to spare.
But people blanch at the idea of a "tax" despite already paying more in "premiums".
→ More replies (1)
•
u/Suitable-Woodpecker3 Aug 07 '26
Bernie Sanders is a brilliant, resilient politician who has a tremendous sense of efficacy in government.
How diddler got voted in (twice!) but Bernie canāt get any traction is very symptomatic of americaās problem, in my humble opinion.
•
u/EducatorReady1326 Aug 07 '26
I like him because his ideas are so ambitious that even a compromise would get close to what I think America needs.
→ More replies (26)•
u/thegeocash Aug 08 '26
Iāve said this for years!
Iām a bit of an idealist, sure, but if the compromise had sanders at the helm, Iād be ecstatic.
•
u/Fun-Put-5197 Aug 08 '26
In an alternate timeline, Bernie would have been given the opportunity to move your country in a positive direction.
What if is going to be contemplated for decades to come.
•
u/MeanHurry8664 Aug 07 '26
The data suggested that Bernie would win over Trump, but we'll never know
→ More replies (7)•
u/Albatrosity Aug 07 '26
Bernie can't even win the Democratic nomination, let alone the presidency. The country is not ready for his vision.
→ More replies (7)•
u/MeanHurry8664 Aug 07 '26
The voters are ready - the establishment isn't. I seem to remember him being the more popular nomination, then the corp. dems put Hillary up there instead. Mistake
•
u/Boodleheimer2 Aug 08 '26
Some of us are old enough to remember when the Democratic Party did nominate a Bernie-like person, a smart radical with a sensible platform that would have transformed the country for the better. His name was George McGovern and he only won 17 electoral votes to Richard Nixon's 520, one of the worst presidential election defeats ever. He was squeaky clean and a war veteran but it wasn't nearly enough. This is a conservative country.
→ More replies (3)•
u/ElSlabraton Aug 07 '26
"seem to remember", lol.
→ More replies (7)•
u/BasementChimp1 Aug 07 '26
I mean, heās objectively the most popular US politician for a straight decade soā¦yeah, what that person said does check out
→ More replies (2)•
u/americon Aug 08 '26
How do you say he is objectively the most popular when there has been actual elections and he lost them? He objectively is not the most popular.
→ More replies (2)→ More replies (46)•
Aug 07 '26
[removed] ā view removed comment
•
u/Bugfrag Aug 08 '26
Senator Sanders lost the Democratic Primary because he wouldn't call himself a Democrat.
He's not committed to growing the party, getting more members elected, and nurture new blood.
Had he switch, he would have had a chance both in 2016 and 2020
→ More replies (11)
•
•
•
u/Specific-Host606 Aug 07 '26
Yeah, but if we keep giving oligarchs more welfare eventually they will piss gold on all of our faces.
•
u/Old_Atmosphere6598 Aug 07 '26
Donāt give people checksā¦.. thatās never a good ideaā¦ if you have extra revenue spend it very efficiently on something we know will help people, then after it works show people it worked, then do it again
→ More replies (7)
•
u/AspiringOne Aug 08 '26
If only Bernie were 20-30 years younger, heād have a real shot
at POTUS now. What a missed opportunity.
→ More replies (2)•
Aug 08 '26
[removed] ā view removed comment
•
u/AspiringOne Aug 08 '26
Yeah. I feel a bit sad for him because I think now, more than ever Medicare for All would sell him all the way to the WH.
•
u/TrueNeutrino Aug 08 '26
This is the most controversial and true thing I've seen on Reddit today. Thanks for speaking the truth.
•
•
u/LogAlStillFat Aug 07 '26
Who will think of the billionaires?!
https://giphy.com/gifs/3ohjVbdZXVhRMfgyu4
→ More replies (39)•
•
u/CmdrFortyTwo Aug 07 '26
It's not stealing from the rich. Its returning ill gotten gains to the masses it was stolen from.
→ More replies (9)•
u/GODLOVESALL32 Aug 07 '26
Yeah the super ethical billionaires are just gonna accept the tax and not do anything about it like how tariffs didn't get passed on to the consumer /s
→ More replies (2)
•
u/Useful_Wealth7503 Aug 07 '26
How are we getting to 4.4 Trillion here? Total wealth for US Billionaires is around 8 trillion. Youāre looking at 400B a year at 5%. The GAO says we lose 250 to 500 Billion annually to fraud and waste, we should just stop that.
→ More replies (1)•
u/Resident_Farmer1779 Aug 07 '26
Itās revenue over 10 years. Fraud and waste should be addressed, and billionaires should be taxed.
→ More replies (12)
•
•
u/China_shop_BULL Aug 07 '26 edited Aug 07 '26
Hereās a thought. If you have more than say $10M(?), there are no tax breaks or tax havens. These folks game the system to get and keep that much, why let them continue doing so. The whole thing is set up so that the more you have then the more you can make. Taper them back after so much. Tack on a little extra that says if the workers of your company are on food stamps then the company pays another tax.
Hell, the SEC did just that to the other end of the spectrum (poor) as āprotectionā for day traders (PDT rule).
ETA: the money is out there if we wanted to fix it. An issue is that in order to get it, the people making the laws have to accept that they themselves will be taking a hefty loss. Because it seems the only people we put in office to make those decisions ARE wealthy.
→ More replies (1)
•
•
u/Economy_Dot890 Aug 07 '26
I'm afraid that Bernie's proposal runs right into the Law of Inverse Sensibility - The more it makes sense, the less likely it will happen.
→ More replies (1)
•
u/Reverend_Tommy Aug 07 '26
I wish people would quit posting this nonsense. For the 20th time, the math is bullshit. The average worth of a billionaire in the U.S. is $5.5 billion. Ignoring the fact that "net worth" is not their salaries or cash but all their possessions added together (stocks, houses, etc.), we can multiply that $5.5 billion by 938 billionaires and that equals $5.1 trillion total worth. 5% of that amount is $255 billion, not $4.4 trillion. The average household in the U.S. has 2.5 people in it, meaning there are 140 million households. $255 billion divided by 140 million is $1,821.43 per household per year not $12,000.00 ($728.57 per person per year). If you give households that money (about 60.00 per person per month), there is $0 left for Medicare, teachers, or anything else.
•
u/TheBSQ Aug 07 '26
Ok, the math here doesnāt add up.Ā
The total net worth of all U.S. billionaires is around $6 trillion.Ā
5% of that is $300 billion.Ā
Thereās ~104 Ā million households in the US that make less than $150k
That would be ~$5.7k per household (that makes under $150k).
Thatās less than half the $12k mentioned w/ zero dollars left over for teachers & healthcare.Ā
But this is part of the Great Lie that keeps being peddled to the U.S. Left.Ā
If you look at Nordic countries, marginal tax rates hit 50% around $65k. Ā Thatās not because they hate the middle class, but because math dictates that you need a broad tax base that increases taxes on the middle and upper-middle class to pay for all the stuff their govt provides.Ā
To get Nice Stuff, you need everyone everyone to be part of the solution to help each other out.Ā
The Big Lie told to the U.S. Left is that all ordinary people can continue to pay low Reagan-esque taxes & we can just squeeze a few hundred people to pay for the other 340 million of us.Ā
And whatās really sad is that the U.S. left is reliant on this lie for support cuz if you asked someone making $75k to pay more in taxes, theyād suddenly drop their āprogressiveā pretexts cus their leftism is reliant on the idea that someone besides them pay for it.Ā
Cuz in the end, a huge chunk of IS leftism is NOT an attitude of āweāre all in this togetherā itās āI want rich people to give me free stuff.ā
Cuz itās easy to be āsocialistā when you imagine yourself as the āI get free shitā side of the deal rather than the āI should give up 10-20% more of my current income to help those in needā side.Ā
→ More replies (2)
•
u/Holiday-Clock-4999 Aug 07 '26
god bless Bernie Sanders. Civic professional. Humanitarian. Truthteller.
→ More replies (1)
•
u/Yaboijoe0001 Aug 07 '26
Damn lotta people fine with getting the scraps while Bezos guys another yacht while his employees have to piss in bottles
•
•
•
•
u/WloveW Aug 08 '26
A literal lifesaver for millions of families. For a pittance for the ultra rich.Ā
•
u/metallicaset Aug 08 '26
Iād give up the $12,000 per family for free childcare for kids ages 0-5.
→ More replies (2)
•
•
•
u/Present-Spring-1340 Aug 08 '26
Itās hilarious that the maga says this communist
When conservative backed states and corporations and their lobbyists and corporate farms only get the cut.
•
u/Tiddles_Ultradoom Aug 08 '26
Wonāt someone please think of the poor billionaires? They are most persecuted group on the planet at the moment. Donāt you understand the impact that having billionaires being forced to pay even $1 in tax will have on the massive yacht industry?
Yes, OK, so millions might have a better life as a result, but billionaires might need to wait for an additional 20 or 30 seconds to generate enough interest on the interest of their net wealth before they buy that spare Thursday helicopter. Thatās communazi racismā¦ probably.
Just because a billionaire outsourced every job in your area, doesnāt mean your child deserves to eat. Helping put food on your table, providing (itās not a right) free healthcare, clean water and having an education that is more than pointing at things is all well and good. But that million-dollar watch that will be worn twice and then forgotten wonāt pay for itself.
If you give handouts, people will never pull themselves up by their bootstraps. Take me for example; when I started, all I had was a dream (and $63,000,000). Through hard work (and nepotism) I have built a business empire worth almost $200,000 and have transformed the local environment by coating everything in crude oil and then setting seabirds on fire. Could I have done this if the state looked after me? Of course not. I would have given into my unnatural urges and worn a dress, and not been a fine upstanding Christian MAGA man, who has never, ever fucked a penguin. Despite photographic evidence to the contrary.
/s (just in case).
•
u/isavedakittentoday Aug 08 '26
This would change so many people's lives in such a positive, beautiful way
•
u/Abooziyaya Aug 08 '26
Iām a fiscal conservative but weāve been lied to all our lives about budgets. If there is endless money for wars then there is sufficient money for social uplift of our citizens.
•
•
•
u/Seekerma Aug 07 '26
They wouldn't even notice that tax but they will fight it anyway.Ā Greedy and amoral men..
→ More replies (18)
•
u/Background-Bird-9623 Aug 07 '26
I mean why not?? Its absurd and they arent doing without. And everyone else is prob going broke buying whatever they were lucky enough to profit from
•
u/ZeusThunder369 Aug 07 '26
Do Democrats think all billionaires are like Scrooge McDuck and just have a huge vault of cash?
If you want to start treating intangible things as physical property, okay fine. But make it about updating our severely outdated tax code instead of some kind of moral battle. Like... actual governance.
•
u/CoolAd664 Aug 07 '26
I think they should pay taxes like everyone else. I donāt think giving everyone part of their money is a solution. Put it to use in the systems that need it like healthcare and the truly disabled people, our vets who need help. I know there are people who use the system when they can be working but there are also people who need help and canāt get it. Our mental health system is a joke. Our healthcare system is a joke. Those are the things that need to be fixed, not just giving everyone random money.
→ More replies (1)
•
•
•
u/Plumpdaddy2501 Aug 07 '26
Unfortunately, this will never happen... ever... I know fantasizing is fun, but it won't ever happen. The rich pedos are the ones who vote on this, not the people. We are a democratic republic, not a democracy. Be aware of the difference.
•
u/Eternal2 Aug 07 '26
If we can get that much from 5% we should just make it 50% and solve all our problems
→ More replies (2)
•
u/Unique-Objective4249 Aug 07 '26
It blows my mind that there are people who scroll past this, and it ruins their day š
→ More replies (1)
•
u/Cowboy_Reaper Aug 07 '26
At some point we need to start worrying less about how much others are paying in taxes and worrying more about what the government is wasting the trillions of dollars it already confiscates and manufactures on.
The government doesn't have a revenue problem it has a spending problem and no amount of increase in revenue is going to fix that. Only a hardline on balancing the budget and jail time for politicians who fail to meaningfully support fiscal soundness will make a difference.
•
•
u/MeanPiccolo803 Aug 07 '26
Who would be against this
•
•
→ More replies (1)•
•
u/Next_System_496 Aug 07 '26
Some of the comments below are totally scary. I would suggest taking a basic economics or math class. Iām all for some of this but fuck the logic and math up and weāre all fucked. They didnāt get rich by being stupid.
•
•
•
u/Zealousideal_Hat_671 Aug 07 '26
We don't need a 12,000$ check ....cut fucking stupid spending so we don't have to pay so much tax in the first place
•
u/TheRavenDruid Aug 07 '26
So. Fun fact, and this should honestly infuriate people.
The rich stay rich by not getting paid money. They stay rich by getting paid in stock options.
Why you might ask? Stocks are something they can utilize as an asset, meaning they can borrow money against them. Stocks do not get taxed, therefore its a perfect legal loophole to avoid paying taxes. They simply borrow a couple of million against the Stocks they have, pay interest on the loan with what they borrow, then live off that loan.
Now what about their future generations? They proceed to put everything into a trust. Meaning once they finaly pass from the mortal coil, their benefactors take over the same loans, Stocks etc. This is how generational wealth is created.
If the original post is to genuinely be considered an option, the stock market needs to be taxed. Not the money they earn, but the Stocks they are rewarded.
→ More replies (6)
•
•
•
u/LocusMundi Aug 07 '26
the funniest part of this whole conversation is the sheer rejection of the notion. Even is this isn't attributed directly to Bernie. even if the numbers aren't 100% accurate. The concept and direction of this idea is solid.
we all tend to forget that the billionaire class isn't earning that wealth. it's TAKING it. By hook or by crook, their wealth is pulled directly out of our pockets. By tax breaks, loopholes, tarriffs, you name it. The general population of the US, not just the middle class, is the economic engine that drives this immense wealth.
Return even a portion of it so that everyday americans can purchase homes, educate themselves and their children, have healthcare, etc. the list goes on. Here's a good one for you: 1944 Individual Income Tax Act: Peaked at 94% on income over $200,000
Pre Reagan the nominal tax rate for the millionaire class was very high. it wasn't until after taxes got pushed down to the middle/working class that the rise of millionaires and billionaires became a thing.
The first confirmed U.S. dollar billionaire was John D. Rockefeller in 1916 Wikipedia. For much of the 20th century, the number of billionaires remained small ā in 1918 there was only one widely recognized billionaire lovemoney.com. Even by the 1980s, the global count was in the low hundreds. This changed exponentially starting in the 2000s.
can't we all agree that the fact .01% of the people in the world (not just the US) own 90%+ of its wealth? Something. Anything needs to change.
→ More replies (1)
•
u/nox_vigilo Aug 07 '26
Senator Bernie Sanders and Representative Ro Khanna introduced the Make Billionaires Pay Their Fair Share Act, a federal bill that proposes a 5% annual wealth tax on individuals in the United States with a net worth of $1 billion or more. [1]
Target: Targets roughly 938 individuals in the U.S. with assets exceeding $1 billion.
Projected Revenue: Estimated to raise about $4.4 trillion over the next decade.
Intended Uses for Revenue:
- Direct Payments: Provides a $3,000 direct payment in the first year to individuals in households making $150,000 or less.
- Social Programs: Expands Medicare to cover dental, vision, and hearing care.
- Public Infrastructure: Funds affordable housing development and caps childcare costs for working families.
- Education: Sets a minimum annual salary of $60,000 for public school teachers. [1, 2, 3]
•
u/Albatrosity Aug 07 '26
Bernie dreams out loud. His heart is in the right place but his brain is so disconnected from the reality of our country. You'll never see this as long as law makers are mostly looking out for the wealthy and themselves.
•
u/majik5 Aug 07 '26
Or we could use that money to pay down the debt and in ten years, Interest on the Debt will no longer be a $1 trillion expense in our annual budget
•
u/keithfantastic Aug 07 '26
There will be tens of millions of poverty level maga cultists extremely enraged by this.
•
u/hsggdtkxbee Aug 07 '26
We could have had this, but instead the Democratic Party led by Debbie Washerman Schultz thought they knew better (or were paid by Hillary). Now we have 2 Trump terms.
→ More replies (1)
•
u/ashiamate Aug 07 '26
I am fine with the taxing, but the plan to give families money no strings attached is only going to boost inflation and serve as a strong republican talking point. How about investing in our infrastructure, education, and businesses and paying down our debt. Also yes, to increasing teacher pay and expanded medicare/single payer.
•
•
•
u/Quummk Aug 07 '26 edited Aug 07 '26
Good point but that will probably create even more inflation, perhaps the best allocation would be to reinvest that money in all public services and government benefits. Otherwise weāll get the 12k but pay 25$ for a dozen of eggs. I am saying that as some works in the service industry. I would rather to be able to quit my fucking job get decent unemployment , so I could go back to school or open a business, rather than, get more taxable income, and live in a society where everybody is chasing the dangling carrot, keep working in a dead end job all my life until my ball sac saggs to my knees, so I can retire on a piece of shite pension, that slowly kills me because I canāt afford to eat. Just my opinion.
→ More replies (1)
•
•
u/Pretend_Football6686 Aug 07 '26
How about the first couple years we pay it straight to our debt. Then uses the saving in interest to do even more the following years.
•
•
•
u/JonnyOnThePot420 Aug 07 '26
Luxury tax on Ferraris and multiple million dollar properties!
→ More replies (1)
•
u/pink_faerie_kitten Aug 07 '26
Is this an every year proposal? I thought it was a one time payment, but every year would make much more of a difference to working class folks and retired working class seniors.
•
u/Savage_Oreo Aug 07 '26
Why didnāt he finish his run then? If he won, we couldāve been doing this..
•
u/Mental-Report-3274 Aug 08 '26
Serious question, do you all not think inflation would go rampant with this? Do you think most people will not waste their money on stupid things? This seems kind of crazy. You start losing the value of the dollar if you hand it out to everyone. Costs will skyrocket.
→ More replies (5)
•
u/pyratemime Aug 08 '26
Or, if we did this, how about each year we pay down the national debt which when we default (which is inevitable) will be a world wide crisis of such proportions the Great Depression will look like the biggest boom times to every exist.
•
u/brywalkerx Aug 08 '26
If Amazon and Google can put āunrealized gainsā on their earnings report as income, we can tax billionaires on their net worth.
•
•
•
•
•
u/Grapetree3 Aug 08 '26
First of all he didn't say this. Second of all the front end of the math doesn't add up. Taxing 938 billionaires at 5% per year would not raise $4.4 trillion per year.
•
•
•
•
•
u/Medic795 Aug 08 '26
My issue with this is the first part. Literally taking money from the rich and redistributing to the poor in the form of cash to do whatever they want with. Add to social services? Sure. Increase essential workers pay and staffing? Sure. Simply taking cash to hand out to other people I have a problem with
•
u/Lucky_BroadWood Aug 08 '26
First part is an excellent move. Second part about delivering checks is a recipe for insane inflation. Can't do it that way - need the government to use the funds to provide necessary services.
•
u/0utandab0ut1 Aug 08 '26
Oh no! Will someone please think of the billionaires. Whatever will they do if they lose 5%. They will starve!
→ More replies (1)
•
•
u/SignatureCapital9261 Aug 08 '26
Stop asking this question. Literally anyone with half a brain cell wants this to happen, itās leadership choosing exploitation over progress and a better future for our children and grandchildren. Start backing people like Bernie who donāt just say they want to make things better, they produce receipts instead of mouthpieces with empty skulls selling you a played out narrative while making things worse. Itās probably why we have a domestic violence issue in this country. Trump literally told everyone what he was going to do but everyone clutches their pearls once they see how āoff the railsā heās goneā¦ He did exactly what he told you he was going to do and you were ok with it when it hurt those you wanted to hurt. Now that itās hurting you, itās an issue though right? History doesnāt have to keep repeating itself
•
Aug 08 '26 edited Aug 08 '26
Take what benefits YOU! Other people are already taking from you all the time. Unite
EDIT: there is no "wrong" or "right" there is only power and it it's either lawyers and tech bros stealing from us OR us ALL united stealing from them.
•
•
u/Sea-Pea-7941 Aug 08 '26
And some who make minimum wage will oppose this because he thinks someday he will be a billionaire and be affected by this tax.
•
•
•
u/East_Audience_6634 Aug 08 '26
Put that money towards universal healthcare and/or stabilizing social security to start. Money in pockets is a quick win but doesnāt have the sustainable lasting impact.
•
•
u/Rukazor Aug 08 '26
938 people could solve every single problem in NA and instead we do nothing. Bernie has been absolutely correct for 60 years.
•
u/NumberSelect8186 Aug 08 '26
That bastard! There goes that ballroom we all wanted so badly! Shit! If the billionaires have to pay taxes then all the gifts, graft and ācontributionsā might dry up.
•
•
u/FizzyBadTime Aug 08 '26
Tax the unrealized gains because they arenāt fucking real and just allow these people to never sell, never get taxed but still be able to leverage their portfolio for debt they will never really pay back to control elections and the economy.
•
•
u/Shoddy-Mushroom1563 Aug 07 '26
Idiots in trailer parks keep voting to stop this kind of thing through the candidates they elect.
•
u/OurAngryBadger Aug 07 '26
But if the billionaires lose 5% of their income, how will they provide us all jobs?
They would have to downsize their yacht fleet from 7 to 5 ships.
That would be absolutely disastrous
•
u/Da40kOrks Aug 07 '26
Income is not wealth. Wealth is not bank account balance. How hard is that to understand?
→ More replies (1)
•
u/DJtheCrazed Aug 07 '26
Billionaires hold 8.2 trillion collectively.
5% 8.2 is 410 billion. Someone multiplied by 0.5 (50%) not 0.05 (5%)
275 million people live in a household that make less that 150k a year
275000000 x 3000 is 825000000000.
8.25x1011 is 825 billion.
410<825
So this cant even fund the checks, let alone the teacher increase or Medicare.
So while we have a massive issue with wealth equality, let's think before we believe random meme online. Either the bill has massively more sweeping changes, or this post is a lie.
•
u/LiveComfortable3228 Aug 07 '26
let's think before we believe random meme online.
This is wild.
Why would you do that? Its not like we want the truth or anything close to it
•
u/Witty-Flower-7755 Aug 07 '26
In its first year, the bill would provide a $3,000 direct payment to every man, woman and child in a household making $150,000 or less ā $12,000 for a family of four ā and use the estimated $4.4 trillion in revenueĀ raised over the next decadeĀ to address the most pressing crises facing working families.
No one, including Bernie, is claiming that it will raise $4.4 trillion in one go. It's a decade-long plan.
→ More replies (2)→ More replies (4)•
u/Sharkfacedsnake Aug 08 '26
Agree. The math rarely works out on these wealth taxes. They just do not generate that much revenue.
•
u/Vast-Mousse8117 Aug 07 '26
Bernie is way to conservative. Working class Americans pay taxes all the time on unrealized gains. They're called PROPERTY taxes.
Billionaires say "Oh you can't tax our stocks because they aren't sold, they're unrealized."
Total BS.
Tax after the first 100 million 90%.
100% after 110 million.
You can have billionaires hoarders beyond borders or a middle class.
But not both. Billionaires have to come with austerity. That's why the fascists gave them a $7 trillion tax cut and we get Medicaid cut, USAID cut, CDC cut, climate crisis $$ cut. They are just shitting on us.
•
u/ChimPhun Aug 08 '26
IKR, you're classified as mental when you hoard items, but somehow hoarding money is okay.
•
u/unhertz Aug 07 '26
Assumes a 5% wealth tax would reliably raise $4.4 trillion every year, ignores tax avoidance, asset sales, legal challenges, and the fact that billionaire wealth isn't cash sitting in a bank account. Then it promises to fund a $12,000 check for every family, raise teacher pay, and expand Medicare as if there are no tradeoffs. Whether you support taxing billionaires or not, you have to recognize how disingenuous this is framed
•
→ More replies (15)•
u/SinningAfterSunset Aug 07 '26
These people think Elon has a trillion sitting in a bank account and he's just sitting on it and he's the reason they can't afford to pay rent.
→ More replies (6)•
•
u/bswontpass Aug 07 '26
Tax their stocks?