Bernie Sanders kicks off billionaires tax campaign with choice words for the 'oligarchs'

"The senator is promoting a labor union's proposal to impose a one-time 5% tax on the assets of California billionaires and trusts to backfill federal healthcare funding cuts by the Trump administration. Supporters of the contentious effort began gathering voter signatures to place the measure on the November ballot earlier this year. Sanders previously endorsed the proposal on social media and in public statements, and said he would seek to create a national version of the wealth tax."

"These billionaires "have created huge businesses with revolutionary technologies like AI and robotics that are literally transforming the face of the Earth," he said, "and they are saying to you and to everybody in America, who the hell do you think you are telling us what we - the ruling elite, the millionaires, the billionaires, the richest people on Earth - who do you think you are telling us what we can do or not?""

Sen. Bernie Sanders launched a campaign in Los Angeles to place a one-time 5% tax on the assets of California billionaires and trusts on the November ballot. He portrayed wealthy elites as separate from society and compared them to historical monarchs, arguing that technological billionaires resist democratic accountability. The proposed tax aims to backfill federal healthcare funding cuts by the Trump administration. Supporters began gathering signatures earlier in the year, and Sanders has publicly endorsed the measure and pledged to pursue a national wealth tax. The launch rally lasted over two hours and featured a performance by Tom Morello.

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