Mayor Bill de Blasio plans to unveil a plan he’ll tout as the “most aggressive wealth tax” during Wednesday night’s Democratic debate.
In fact, De Blasio, in his opening statement said, “When I am president, we will even up the score, and we will tax the hell out of the wealthy.”
Hizzoner’s proposal would bring in an additional $1 trillion a year, according to his spokeswoman Jaclyn Rothenberg.
As part of his long-shot presidential bid, de Blasio has tried to pitch himself as a candidate looking out for working people — but he hasn’t been getting much attention.
“There’s plenty of money in this country – it’s just in the wrong hands,” de Blasio has repeated through his quixotic campaign.
His plan would lob a 1% wealth tax on people who have $10 million or more, 2% on those with more than $25 million and 3 percent for folks with more than $100 million.
De Blasio’s plans also adds a “Turncoat Tax” that would punish Americans who try to skip out on taxes by moving assets overseas.
He also wants the country to raise income tax brackets and rates.