An open letter to the U.S. Congress

Tax the Billionaire Class and Invest in Working Families

170 so far! Let’s get to 250 signers!

The billionaire class is hoarding wealth at a scale this country has never seen, and it's time you act on it. One man, Elon Musk, now owns more wealth than the bottom 53 percent of American households. The top 1 percent owns more than the bottom 94 percent combined. Meanwhile, over 60 percent of Americans are living paycheck to paycheck and nearly 800,000 are homeless. This is not a natural disaster — it's a policy failure, and you have the power to help fix it. Over the last 50 years, $79 trillion in US wealth has been redistributed from the bottom 90 percent to the top 1 percent. Last year alone, fewer than a thousand billionaires got $1.5 trillion richer after receiving the largest tax break in history. The average worker is making nearly $25 a week less than 53 years ago, adjusted for inflation. People across this country — left, right, and everything in between — know the system isn't working for them. They want real change, not more of the same. Close the offshore tax loopholes, end the billionaire tax breaks, and start investing in the people who actually built this country.

First sent on September 23 by Progressive Action

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