SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
A poll released Wednesday by TheHill/HarrisX found that 67% of Americans support a wealth tax to combat inequality. (Photo: AFP/Getty)
'Rich People Have Profited Enough': New Poll Shows Two-Thirds of Americans Support Wealth Tax to Combat Inequality
"Americans are ready for a revolution—a massive change to how we run this country."
Feb 26, 2020
Support for a wealth tax to combat persistent inequality in the U.S. is growing, according to a new poll released Wednesday by TheHill/HarrisX which found that just over two-thirds of Americans favor a tax on the wealthiest households.
Sixty-seven percent of respondents--including majorities of Democrats and Independents--said there should be a wealth tax on billionaires, as Democratic presidential candidates Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have proposed.
A clear majority of Democrats, 85%, backed the proposal, along with 66% of independent voters. Nearly half of Republican respondents--47%--said they would support a wealth tax in the poll, which was conducted between February 23 and 24 among more than 1,000 registered voters and had a margin of error of 3%.
The survey showed that, increasingly, "Americans are ready for a revolution," tweeted Alejo Gonzalez, a labor organizer.
\u201c@JoeBiden Americans are ready for a revolution - a massive change to how we run this country. Rich people have profited enough. https://t.co/W4PEKmHOVI\u201d— Alejo (@Alejo) 1582786719
The survey was released a month after Reuters/Ipsos reported similar findings in another poll, which showed 64% of Americans supported a wealth tax.
The Hill/HarrisX found similar support for Warren's proposed wealth tax a year ago, soon after the senator released her plan to impose a 2% tax on wealth over $50 million and a 3% tax on assets over $1 billion.
Last September, Sanders detailed his proposal to impose a 1% tax on wealth between $32 and $50 million, with the rate progressively increasing on richer Americans.
The two senators have said revenue from their wealth taxes would go to funding universal childcare programs, Medicare for All, and tuition-free public college--all of which a majority of Americans have also been shown to support.
An Unconstitutional Rampage
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Support for a wealth tax to combat persistent inequality in the U.S. is growing, according to a new poll released Wednesday by TheHill/HarrisX which found that just over two-thirds of Americans favor a tax on the wealthiest households.
Sixty-seven percent of respondents--including majorities of Democrats and Independents--said there should be a wealth tax on billionaires, as Democratic presidential candidates Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have proposed.
A clear majority of Democrats, 85%, backed the proposal, along with 66% of independent voters. Nearly half of Republican respondents--47%--said they would support a wealth tax in the poll, which was conducted between February 23 and 24 among more than 1,000 registered voters and had a margin of error of 3%.
The survey showed that, increasingly, "Americans are ready for a revolution," tweeted Alejo Gonzalez, a labor organizer.
\u201c@JoeBiden Americans are ready for a revolution - a massive change to how we run this country. Rich people have profited enough. https://t.co/W4PEKmHOVI\u201d— Alejo (@Alejo) 1582786719
The survey was released a month after Reuters/Ipsos reported similar findings in another poll, which showed 64% of Americans supported a wealth tax.
The Hill/HarrisX found similar support for Warren's proposed wealth tax a year ago, soon after the senator released her plan to impose a 2% tax on wealth over $50 million and a 3% tax on assets over $1 billion.
Last September, Sanders detailed his proposal to impose a 1% tax on wealth between $32 and $50 million, with the rate progressively increasing on richer Americans.
The two senators have said revenue from their wealth taxes would go to funding universal childcare programs, Medicare for All, and tuition-free public college--all of which a majority of Americans have also been shown to support.
Support for a wealth tax to combat persistent inequality in the U.S. is growing, according to a new poll released Wednesday by TheHill/HarrisX which found that just over two-thirds of Americans favor a tax on the wealthiest households.
Sixty-seven percent of respondents--including majorities of Democrats and Independents--said there should be a wealth tax on billionaires, as Democratic presidential candidates Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have proposed.
A clear majority of Democrats, 85%, backed the proposal, along with 66% of independent voters. Nearly half of Republican respondents--47%--said they would support a wealth tax in the poll, which was conducted between February 23 and 24 among more than 1,000 registered voters and had a margin of error of 3%.
The survey showed that, increasingly, "Americans are ready for a revolution," tweeted Alejo Gonzalez, a labor organizer.
\u201c@JoeBiden Americans are ready for a revolution - a massive change to how we run this country. Rich people have profited enough. https://t.co/W4PEKmHOVI\u201d— Alejo (@Alejo) 1582786719
The survey was released a month after Reuters/Ipsos reported similar findings in another poll, which showed 64% of Americans supported a wealth tax.
The Hill/HarrisX found similar support for Warren's proposed wealth tax a year ago, soon after the senator released her plan to impose a 2% tax on wealth over $50 million and a 3% tax on assets over $1 billion.
Last September, Sanders detailed his proposal to impose a 1% tax on wealth between $32 and $50 million, with the rate progressively increasing on richer Americans.
The two senators have said revenue from their wealth taxes would go to funding universal childcare programs, Medicare for All, and tuition-free public college--all of which a majority of Americans have also been shown to support.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.