Guide to Political Revolution, by Bernie Sanders: on Corporations


45% estate tax only for estates over $3.5 million

Strengthening the estate tax is one of the fairest ways to reduce wealth inequality, while at the same time raising significant new revenues that the country needs to rebuild the middle class.

I propose restoring the minimum size of an estate subject to the tax from $5 million to $3.5 million, where it was in 2009. This would only impact the estates of the wealthiest 0.3 percent of Americans who inherit more than $3.5 million. And we should make it graduated to target the biggest estates:

There are all sorts of loopholes that help the wealthiest families avoid paying estate and gift taxes. We must close each and every one of them.
Source: Guide to Political Revolution, by Bernie Sanders, p. 42-3 Aug 29, 2017

Regulate derivatives like the high-stakes wagers they are

We must also provide greater stability and transparency to the financial system by prohibiting taxpayer insured banks from holding derivatives contracts on their balance sheets. Derivatives are the risky financial products that nearly destroyed the economy in 2008. They are basically insurance policies on future events that may or may not happen.

Today commercial banks still have over $177.46 trillion of derivatives contracts on their books. That is insane. And I'm not alone in thinking that.

We must make sure the derivatives that are held by investment banks, hedge funds, and private equity funds are strongly regulated. Right now, state insurance commissioners and gambling authorities are banned from regulating them. We must lift that ban. They should be treated and regulated like the high-stakes wagers that they are.

Source: Guide to Political Revolution, by Bernie Sanders, p. 65-6 Aug 29, 2017

  • The above quotations are from Guide to Political Revolution,
    by Bernie Sanders    .
  • Click here for definitions & background information on Corporations.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Bernie Sanders on Corporations.
2020 Presidential contenders on Corporations:
  Republicans:
Gov.John Kasich(OH)
V.P.Mike Pence(IN)
Pres.Donald Trump(NY)
Gov.Bill Weld(MA) 		Democrats:
V.P.Joe Biden(DE)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)

2020 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
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Page last updated: Apr 10, 2019