1. United States
  2. Mich.
  3. Letter

Tax Extreme Wealth — A Trillionaire Is a Policy Failure

To: Sen. Peters, Sen. Slotkin, Rep. Walberg

From: A verified voter in Stevensville, MI

June 12

One person now holds $1.1 trillion in wealth. That same money could give every American adult nearly $5,000, fund free school lunches for every public school student for 28 years, or put 9 million people through college. Instead, it belongs to one man. That is not innovation — that is a policy failure, and you need to act on it. The wealth gap at this scale doesn't happen by accident. It's the result of tax structures that let billionaires compound fortunes while families go homeless and hungry. A $1.1 trillion fortune means one trillion seconds — that's 31,700 years of accumulated advantage. No one earns that. They extract it. I want to see you champion a serious wealth tax, close the carried interest loophole, and stop treating capital gains as more sacred than wages. The math on what that revenue could fund is not complicated.

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