The mask is finally off. Sen. Bernie Sanders (I-VT) and Rep. Ro Khanna (D-CA) are no longer just advocating democratic socialism — they are attempting to legislate it through a massive $4.4 trillion wealth tax. By targeting the nation’s wealthiest individuals for an annual 5% confiscation of their assets, they are signaling a radical new era of wealth redistribution that they’re not even trying to hide anymore.  

The proposed legislation would impose a 5% annual tax on individuals with a net worth above $1 billion, including investments and other assets. This isn’t merely a technical policy tweak; it’s an aggressive effort to claw back wealth from the very people who created it. By singling out the country’s most successful entrepreneurs and builders, the bill would punish achievement and recast the American dream as a government-enforced transfer of wealth.

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The Make Billionaires Pay Their Fair Share Act is modeled after California’s 2026 Billionaire Tax Act, taking that state-level 5% levy to a national scale. However, while the California version was designed to fund state programs such as Medicaid in response to cuts made by the One Big Beautiful Bill Act, Sanders has dropped the pretense of a “one-time”........

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