Ban Billionaires

[Cylnar]

http://act.rootsaction.org/p/dia/action/public/?action_KEY=6979

"We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both." — Louis Brandeis

It's time we outlaw billionaires by placing a 100% tax on wealth over $999,999,999.

Since 1980, the top 1% has taken 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.

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 join RootsAction and OpEdNews in sending this message to Congress and the President:

http://act.rootsaction.org/p/dia/action/public/?action_KEY=6979

[Tessera]

/signed

[Schu]

I'm in for that   
/signed

[dracconus]

/signed

[perez007usa]

/signed

[Cat]

/signed

[Ratcatcher]

It's a good first step but its nowhere near enough.

/signed
(in spirit anyway since thats for Americans only)

[Onlyherefornudemods]

USA

Where the rich get richer

and the poor become poorer.

[Shotgunner]

/SIGNED