1. COLLINS CHUCK THEA LEE Inequality & The Common Good
Program Director, IPS
President, Economic Policy Institute
@TheaLeeEPI
@Chuck99to1

2. Extraordinary Concentration of Wealth and Power in the Top 0.1 %

3. Excessive Wealth Disorder The United States has the developed world’s worst case
America’s wealthiest 400 households now hold more wealth than 64% of the U.S. population.
Just three Americans - Jeff Bezos, Bill Gates, and Warren Buffett - have as much wealth as the bottom half of U.S. households combined.
Three American clans - the Walton, Koch, and Mars families - have seen their wealth soar nearly 6,000% over the past 30 years.

4. Plutocracy Prevention
Annual Wealth Tax
Progressive Estate or Inheritance Tax
70% Marginal Income Tax Rate –Incomes Over $10 million
10% Income Surtax on all income over $2 million, including capital gains

5. Sources of Income of the top 0.1%

6. Senator Warren’s Wealth Tax
An annual wealth tax:
2% tax on wealth over $50 million
3% tax on wealth over $1 billion
Estimated revenue: $2.75 trillion over 10 years

7. Senator Sanders’ Progressive Estate Tax
Strengthens existing Estate Tax (current: 40% tax on wealth over $11.4 M and $22.8M for a couple).
Adds several progressive rates on wealth as it increases (77% rate on wealth over $1 billion).
Closes loopholes and abuses of trusts
Will raise an estimated $2.2 trillion over 10 years

8. Restore 70% Top Income Tax Rate
Adding a new marginal tax rate on incomes over $10 million
Applies to wage and salary income (but not capital income)

9. 10% Income Surtax on Top 0.1%
Top 0.1% (incomes over $2M and wealth over $20M)
A surcharge applies to all forms of income, including capital income (interest, dividends and capital gains)
Revenue: $70 billion a year –and $775 B over 10 years

10. Tax the (Very) Rich: Finding a Cure for Excessive Wealth Disorder
NEXT STEPS!
Tax the (Very) Rich: Finding a Cure for Excessive Wealth Disorder
Save the Date: Tuesday, June 25th, 2019
National Conference at the Mayflower Hotel, Washington DC
Lead Hosts: Economic Policy Institute & Institute for Policy Studies
Join us!