Blog de Dunlap: Looking at you, Jeff Bezos.

Danielle, it's estimated that every 10 seconds Jeff Bezos makes $5,000. It's even more today, on Amazon's Prime Day.

Reminder: In 2018, Amazon made over $10 billion in profits but paid $0 in federal income taxes.

But we called them out, we got organized, we fought to fix it, and last year, Congress passed my plan for a minimum tax on massive corporate profits — tackling Amazon's freeloading head-on.

We showed that we can fight and win to put a new tax on billionaire corporations. Now, we've got to keep pushing to make the rich CEOs of those companies pay their fair share too.

See, if you paid any federal income taxes this year — any at all — you paid more than Jeff Bezos did in 2007 or 2011.

And under our broken tax system, it's completely legal. That's because billionaires like Jeff Bezos and Elon Musk don't make their fortunes through income like working families do. Their wealth is in assets — like stock portfolios, art collections, and super-yachts.

And by hiring the savviest lawyers and accountants that money can buy, they're able to take advantage of huge loopholes and special breaks to pay little to no income tax — even while their fortunes are skyrocketing.

Danielle, our tax code is rigged for those at the top — you know it and I know it. We need to address the growing power of billionaires, corporations, and their lobbyists as they rig the system and rules in their favor. And I've got a plan for that.

I'm fighting every day in the Senate to pass a wealth tax and level the playing field for working families. We've got to keep pushing, and that's only possible with the support of grassroots supporters like you. If you're able, can you please pitch in $100 or anything you can to support my re-election campaign so we can keep up the fight for plans like this?

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My wealth tax bill would place a two-cent per dollar tax on people with a net worth above $50 million — a few cents more for the billionaires.

This small tax would generate huge amounts of revenue totaling at least $3 trillion, providing money for policies like expanding the caregiving economy — everything from child care to nursing homes, rebuilding infrastructure, ensuring high quality K-12 education, and guaranteeing tuition-free public college and technical schools.

A wealth tax is critical for raising revenue, and that revenue is critical for raising opportunity. We build a future for all of our kids by investing in opportunity. This is one way we can make this government work for everyone — not just the rich and powerful.

I'm going to continue fighting hard for my wealth tax bill in the Senate, and your support helps me do this critical work. So if you're able to pitch in $100 or anything you can today to power my re-election campaign, I'd be really grateful.

Thanks for being a part of this,

Elizabeth Warren

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