Tax the Rich!

The Issue

There are so many petitions out there to tax the rich, and they all seem to mysteriously die off before they hit their goal.

Let’s see this one through and let congress know we want to see PROGRESS on this issue! We need to tax the wealthy.

Democrats in Congress have introduced two bills to rectify the growing wealth gap in our country exacerbated by an unfair tax system.

The Billionaire Income Tax, introduced by Senate Finance Committee Chairman Ron Wyden, aims to close the loopholes that allow billionaires to avoid paying taxes by targeting the unjust "buy, borrow, die" strategy. With this strategy, billionaires acquire appreciating assets (buy), and then they borrow against these assets to fund lavish lifestyles without incurring tax (borrow). Later, their wealth is passed down, often tax-free (die), perpetuating inequality.

Representatives Steve Cohen and Don Beyer have also reintroduced the Billionaire Minimum Income Tax Act. This act proposes a 25% minimum tax rate on households worth more than $100 million–a base level of taxes every year.

We want to see MOVEMENT on these bills and action taken. It’s time.

12

The Issue

There are so many petitions out there to tax the rich, and they all seem to mysteriously die off before they hit their goal.

Let’s see this one through and let congress know we want to see PROGRESS on this issue! We need to tax the wealthy.

Democrats in Congress have introduced two bills to rectify the growing wealth gap in our country exacerbated by an unfair tax system.

The Billionaire Income Tax, introduced by Senate Finance Committee Chairman Ron Wyden, aims to close the loopholes that allow billionaires to avoid paying taxes by targeting the unjust "buy, borrow, die" strategy. With this strategy, billionaires acquire appreciating assets (buy), and then they borrow against these assets to fund lavish lifestyles without incurring tax (borrow). Later, their wealth is passed down, often tax-free (die), perpetuating inequality.

Representatives Steve Cohen and Don Beyer have also reintroduced the Billionaire Minimum Income Tax Act. This act proposes a 25% minimum tax rate on households worth more than $100 million–a base level of taxes every year.

We want to see MOVEMENT on these bills and action taken. It’s time.

Supporter Voices

Petition Updates

Share this petition

Petition created on February 25, 2025