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Benzinga

Benzinga

Bernie Sanders is challenging the wealthiest Americans with a 100% tax on income above $1 billion

Benzinga
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62% Informative

Bernie Sanders is challenging the wealthiest Americans with his call for a 100% tax on income above $1 billion .

His plan includes a progressive wealth tax on households worth over $32 million , starting at 1% and climbing to 8% for billionaires.

Critics argue that Sanders ' wealth tax proposal could backfire, especially when fostering innovation and entrepreneurship.