It's time we outlaw billionaires by placing a 100% tax on wealth over
Since 1980, the top 1% has sucked up 80% of all new wealth created. In 2010, the wealthiest 1% grabbed 93% of all new income.
The richest 400 Americans -- all of whom are billionaires -- own more wealth than the bottom 150 million Americans combined. The richest six heirs to the Wal-Mart fortune own more wealth than the bottom 30% of Americans combined. Billionaires have sucked so much wealth out of our economy that the rest of us are drowning.
Click here to tell Congress and the President what's needed.
We work harder. Productivity is up. But the profits are taken by the billionaires, who buy politicians and legislate rules to the ever greater advantage of billionaires -- and to the disadvantage of clean air, food, water, security, healthcare, education, retirement, and energy.
A 94% top marginal income tax rate when this nation was prospering has been reduced to 35% today. It's time we learned our lesson, reversed these trends, and banned billionaires.
Please forward this email to members of the 99%.
--Thom Hartmann for RootsAction.org
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P.P.S. RootsAction is an independent online force endorsed by Jim Hightower, Barbara Ehrenreich, Cornel West, Daniel Ellsberg, Glenn Greenwald, Naomi Klein, Bill Fletcher Jr., Laura Flanders, former U.S. Senator James Abourezk, Coleen Rowley, and many others.
Thom Hartmann: The No Billionaires Campaign
Rob Kall: De-billionairize the Planet
Sam Pizzigati: The Rich Don't Always Win