Senator Bernie Sanders has proposed a 5% annual tax on America\u2019s 938 billionaires, which could raise an estimated $4.4 trillion. According to Sanders, the funds would be used to provide every family in the U.S. with a $12,000 check, increase teacher salaries, and expand Medicare coverage. Supporters say this plan could reduce income inequality and strengthen public services, while critics question its feasibility and potential economic consequences.
