It’s time for a wealth tax in America.

Here’s how it works:
Consider two people:

- An heir with $500 million worth of yachts and jewelry and art
- A public school teacher with no savings in the bank

They both bring home $50,000/year. And they both pay the same amount in federal taxes.

That’s a system that is rigged for the top.
My plan: Just a two-cent #WealthTax for every dollar over $50 million in assets and a few more cents for every dollar of wealth over $1 billion. With that, with the wealthy starting to pay their fair share, we can help working families recover and help improve their lives.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Elizabeth Warren

Elizabeth Warren Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ewarren

9 Dec 20
For nearly two years now, I’ve been calling to #BreakUpBigTech—including Facebook. I’d said before that the purchases of WhatsApp and Instagram should never have been approved and need to be reversed. Today, the FTC and 48 states agreed.

politico.com/news/2020/12/0…
Facebook is doing pretty well right now. They've acquired potential competitors WhatsApp and Instagram. More than 85% of all social networking traffic goes through sites owned or operated by Facebook. They've got a lot of power—and face little competition or accountability.
And they’ve wielded that power over everything—over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field. And in the process, they have hurt small businesses and stifled innovation.
Read 5 tweets
9 Dec 20
Here’s a lingering effect COVID-19 will likely have on our economy: a rise in bankruptcies. The number of people filing for bankruptcy could hit records next year. Let’s talk about how my bill to overhaul consumer bankruptcy rules will help Americans get back on their feet:
Data show that families who declare bankruptcy aren’t reckless or irresponsible—90% declare bankruptcy for one of three reasons: a job loss, a medical problem, or a family breakup. This has been a problem for decades, and the pandemic will likely make it worse.
But right now, our bankruptcy system isn't working for working families. Many individuals and families who should file for bankruptcy don't, and many who do encounter obstacles that prevent them from getting the financial relief they need.
Read 6 tweets
26 Nov 20
Holidays have been different this year. I’m holding onto joyful memories from years ago—like one time when my Aunt Max volunteered to handle the Thanksgiving turkey: Aunt Max shown in the middle of a sepia-toned family photo b
Aunt Max was funny and quick-talking. She never took anything too seriously, including time. And she wasn’t much of a cook, so the other sisters made sure that she was up to the task—peppering her with questions, making sure she'd get a big enough turkey.
Thanksgiving dinner was set for noon, and most of the family was there by mid-morning. The table was set. The sweet potato casseroles were out of the oven. The pies were on display. The Jell-O molds were out on special plates. Food was piled everywhere. But no Aunt Max.
Read 7 tweets
26 Oct 20
This was not a confirmation hearing. This was a farce.
No Supreme Court nominee has ever been confirmed this close to a presidential election? Republicans say “no problem” and plunge ahead with an illegitimate nomination made by a morally bankrupt president.
Rose Garden ceremony turns into a coronavirus superspreader event? Republicans brush it off and press ahead with hearings while members of the Judiciary Committee are in quarantine and others flat-out refuse to get tested.
Read 5 tweets
7 Oct 20
Less than one month out from the last day of voting, it’s never been more important to do everything we can to help elect leaders up and down the ballot who will fight for bold reforms. Learn about my latest slate of endorsements and join us in this fight. ewar.ren/endorsed
I’m glad to endorse @JAlfordTeaster for the New Hampshire State Senate. Jenn has the courage it takes to lead in these unprecedented times, and is a fierce champion for working families and a voice for those who often get left behind. Elizabeth Warren is proud to endorse Jenn Alford-Teaster for
As a lawyer with a career in human rights and humanitarian work, @MollyForVermont has the experience and commitment to equity that we need in statewide leadership. We don't have time for politics as usual. I’m excited to endorse Molly Gray for Vermont Lieutenant Governor. Elizabeth Warren is proud to endorse Molly Gray for Vermont
Read 14 tweets
5 Oct 20
My three brothers all served in the military. I'm so grateful for their—and for all veterans'—service. Today, I’m excited to highlight the incredible veterans I’ve endorsed, who are running for office to put people first. ewar.ren/endorsed Elizabeth Warren is proud to endorse ...
Whether serving our country in uniform or in Congress, @JasonCrowCO6 has never shied away from a fight. I’ve watched him hold a lawless president accountable, stand up to the gun lobby, and protect affordable health care. I’m proud to endorse Jason Crow for re-election. Elizabeth Warren is proud to endorse Jason Crow for CO-06.
I’m proud to support @PamKeithFL, an inspirational public servant and leader whose advocacy is grounded in deep empathy and innovative solutions. Pam is a Navy veteran who has dedicated her life to giving back to her community—and who will show up and fight for FL-18 in Congress. Elizabeth Warren is proud to endorse Pam Keith for FL-18.
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!