Billionaire 2020 candidate Tom Steyer calls on Bloomberg to support wealth tax if he enters race
Steyer's support for a wealth tax on America's top 1% of earners runs contrary to many of his billionaire peers, who have slammed proposals from the Democratic field as being a punitive redistribution of wealth.
He said his support for the tax comes from meeting people all over the country on the campaign trail, many of whom were unable to afford medicine and suffered from cut wages. "People are talking about this is a redistribution of wealth," Steyer said. "I've got news: The last 40 years was a redistribution of wealth in the United States in an incredibly inequitable but silent fashion."Steyer is a member of The Giving Pledge, a philanthropic campaign organized by Bill Gates and Warren Buffett that encourages wealthy people to donate their income to charitable causes when they die.
"We are going to rise together. We are going to succeed together," Steyer told CNBC's David Faber. "I don't want to be part of a class that succeeds if everybody else isn't succeeding."Massachusetts Sen.
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