This is a 5% tax on fewer than 1,000 billionaires on their wealth. This is what it would do if this legislation were to pass in its first year. It This [wealth tax] legislation would provide every man, woman and child in a household earning less than $150,000 with a $3,000 direct payment. Got it. Family of four. Family of four. 12,000 bucks. This legislation and the money it would bring in would tackle the housing crisis by being able to have the resources to build 7 million units of low income and affordable housing. (00:07–32:58)
CLAIM
Asserts that the wealth tax would fund $3,000 payments to households earning under $150,000.
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