If Sanders gets his way, individuals with net worths between $32 million and $10 billion will face taxes between 2% and 8%.
Over time, the taxes which Sanders proposes would gradually reduce the net worths of some of America’s most successful individuals. Of course, Sanders plans to use this money to “fund affordable housing plans, universal childcare, and help fund work to guarantee health care as a right for every man, woman, and child in this country.”
There should be no billionaires. We are going to tax their extreme wealth and invest in working people. Read the plan: https://t.co/RJDLvX5H4c
— Bernie Sanders (@BernieSanders) September 24, 2019
Criticism of Sanders’ Wealth Tax Plan
Each of the proposals which Sanders has vowed to upon winning the presidency is set to cost trillions of dollars each.
RNC spokesperson Michael Joyce weighed in on why Sanders’ plans are not realistic; Joyce’s remarks come with the knowledge of Sanders’ proposals to hike taxes on the wealthy:
