1. United States
2. Va.
3. Letter

We must take resolute action to address the extreme inequality plaguing our nation. The concentration of wealth among a minuscule fraction of the population undermines the foundations of our democracy and erodes economic opportunity for working families. It is imperative to establish an annual tax on the excessive fortunes of the top 0.1% wealthiest households, targeting net worth exceeding $32 million. This measured step would raise an estimated $4.35 trillion over the next decade while significantly reducing billionaire wealth over 15 years. Crucially, it preserves a robust middle class by exempting households beneath this high threshold. Only by curtailing such egregious disparities can we rebuild an equitable society that uplifts all Americans, not just a privileged elite. I urge you to support this vital initiative to restore balance and reinvigorate the promise of economic mobility.