Bernie Sanders proposes 5% wealth tax on billionaires

Senator Bernie Sanders has proposed a 5% annual wealth tax on billionaires, arguing it could raise funds to provide housing, healthcare, and child care for millions of Americans. He cited Elon Musk as an example, claiming the tax would cost him $39 billion more annually. The proposal is part of Sanders' ongoing push for economic equality and has reignited debate over tax policy in the US.