In an effort to outflank the rise of Sen. Elizabeth Warren, Sen. Bernie Sanders announced a wealth tax that would hit multibillionaires like Bezos especially hard.
"I don't think billionaires should exist,"
While Warren's proposal also taxes billionaires at a higher rate than multimillionaires, Sanders' plan is far more punitive to those at the very top — reflecting the strong support for taxing the rich among certain voters.
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