Resistbot Petition: Pass POTUS's Billionaires Tax!Resistbot Petition: Pass POTUS's Billionaires Tax!

An open letter to the U.S. Congress

Pass POTUS's Billionaires Tax!

721 so far! Help us get to 1,000 signers!

I understand that President Biden plans to use a billionaires income tax to help fund his proposed federal budget for next year. The new levy would largely end the scandal of billionaires going tax-free for years on end and raise $360 billion over 10 years from those with wealth of at least $100 million—the richest 0.01% of taxpayers, or about 20,000 families. This would be a major improvement to our tax system, which currently allows the wealthy to accumulate huge amounts of assets—their wealth—tax free while average Americans pay the taxes they owe year after year.  Billionaires are more than capable of paying the tax. During the first two years of the pandemic, their total net worth shot up by $1.7 trillion, or 57%—to $4.6 trillion. Much of that gain will never be taxed because billionaires don’t need to sell their assets—“realize their gains”—living instead on cheap loans borrowed against their rising fortunes. A Billionaires Income Tax has been endorsed by 105 national organizations, 219 economists and law professors, and more than 250 millionaires. It’s also endorsed by me, and I hope you will staunchly support its passage. Thanks.

▶ Created on March 28, 2022 by Jessica

Already signed?

  • Text PROMOTE PNTBBM to get this texted to more members
  • Share this page or imageA shareable card that reads "tell the U.S. Congress: Pass POTUS's Billionaires Tax!" followed by "text sign PNTBBM to 50409"
  • Text INVITE PNTBBM to ask your friends to sign via text or email
  • and post around campus or on your community bulletin board
  • Use the iOS app to share with your contacts
  • Join our Discord and connect with fellow organizers
  • Upgrade to Premium to unlock more features and make sure we can keep delivering