Sen. Bernie Sanders (I-Vt.) joined Amazon.com Inc (NASDAQ:AMZN) founder Jeff Bezos in a wealth tax debate on whether the money received from taxes could improve public services, or billionaires should be taxed more.
Taxes Could Improve Public Service Activities
In a Thursday post on X, Sanders argued that the proposed 5% wealth tax could fund $12,000 payments for a working family of four, expand Medicare benefits for dental, vision, and hearing, guarantee universal childcare and increase starting teacher pay to $60,000.
"And you’d still be worth $269 billion after taxes," Sanders argued, saying that Bezos would remain rich after paying higher taxes.
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