Applaud Sanders and Khanna for Taking on Inequality

Two lawmakers are standing up to extreme wealth concentration — and to an economy that too often works best for those at the very top.

Sen. Bernie Sanders and Rep. Ro Khanna have introduced the “Make Billionaires Pay Their Fair Share Act,” a proposal that would impose a 5% annual wealth tax on individuals worth $1 billion or more. Fewer than 1,000 people in America would be affected — but the impact could be transformative.

According to economic analysis, the legislation could raise an estimated $4.4 trillion over the next decade. That revenue would be used to invest directly in working families and long-overdue national priorities — from expanding Medicare to cover dental, vision, and hearing, to building millions of affordable homes, to delivering direct payments to middle- and working-class households.

At a time when many families are struggling with rising costs, it’s not radical to ask billionaires to contribute a little more. It’s common sense. Teachers, nurses, firefighters, and small business owners pay taxes on every paycheck. Meanwhile, vast fortunes often grow through assets and investments that are taxed at far lower effective rates.

Sanders and Khanna are making a clear statement: in the richest country in the world, we can invest in healthcare, housing, and opportunity — if we have the courage to rebalance the scales.

This proposal is about fairness. It’s about strengthening democracy by ensuring extreme wealth doesn’t translate into extreme political power. And it’s about building an economy that works for everyone, not just those at the top.

Add your name to applaud Bernie Sanders and Ro Khanna for standing up to billionaire inequality and fighting for an America where prosperity is shared — not hoarded.