Enacting the For the 99.8% Act, which returns the estate tax exemption to the 2009 level of $3.5 million, closes egregious loopholes, and increases rates progressively including by adding a top tax rate of 77% on estate values in excess of $1 billion.
(Revenue raised: $336 billion over 10-years.)Enacting corporate tax reform including restoring the top federal corporate income tax rate to 35 percent.
(Revenue raised: $3 trillion of which $1 trillion would be used to help finance Medicare for All and $2 trillion would be used for the Green New Deal.)Using $350 billion of the amount raised from the tax on extreme wealth to help finance Medicare for All.
All of which suggests that Bernie thinks he can pay for much of what he wants to pay for without moving money out of the military. But he can't reduce the risk of nuclear apocalypse, decrease wars, slow the environmental destruction of the most environmentally destructive institution we have, curtail the impacts on civil liberties and morality, or put a stop to the mass slaughter of human beings without moving money out of militarism. The money needs to be moved out, which as a side-benefit produces jobs, whether the money is moved to humane spending or to tax cuts for working people. Not only that, but a program of economic conversion needs to transition to decent employment those engaged in supplying weaponry to governments around the world. We need to demand that every candidate tell us now how much money they want to move out of militarism and what their plan is for economic conversion.
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