New poll shows two-thirds of voters support a wealth tax to fight inequality

“There is growing concern about the influence large corporations and wealthy individuals have on American elections.”

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Support for the idea of a wealth tax to combat inequality in the U.S. is growing as two-third of Americans show their support. 

The data from this recent survey is consistent with past surveys on this same issue. 

“Increasing taxes on wealthy Americans has consistently garnered lopsided support among the public. Further, an increasing number of Americans believe that the wealthy are not paying their fair share of the tax burden. And there is growing concern about the influence large corporations and wealthy individuals have on American elections,” says Daniel Cox, research fellow in polling and public opinion at the American Enterprise Institute.

According to The Hill, sixty-seven percent of registered voters surveyed in the poll released Wednesday said billionaires should be targeted and have to pay a wealth tax to cut down on inequality, while 33 percent opposed such an effort.

Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) have proposed such a tax and a majority of Democrats backed the proposal as well as the voters.

According to Common Dreams, the two senators have said revenue from their wealth taxes would go to funding universal childcare programs, Medicare for All, and tuition-free public college—all of which a majority of Americans have also been shown to support.

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