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Hi and welcome to Today Explained Saturday.

This week, Vermont Senator Bernie Sanders.

Senator Bernie Sanders has just introduced his Make Billionaires Pay Their Fair

Share Act, a 5% annual wealth tax on anyone making more than a billion dollars.

Now, that would be roughly 930-ish people, and of course it includes some big names.

Someone like Elon Musk would pay up to $40 billion under the law.

Someone like Mark Zuckerberg, about $11 billion.

But Senator Sanders said it would fund something important,

up to $3,000 in direct payments for anyone

living in a household that makes less than $150,000.

That means up to $12,000 for a family of four.

Now, this bill has little chance of becoming law.

Donald Trump would almost certainly veto it, and it's a hard chance it would even get through

Congress.

But I still think it's important, because it speaks to something that's been growing among

the American public and a signal that Senator Sanders is setting when it comes to the 2026 elections,

and of course, the 28 presidential election. So I wanted to ask Senator Sanders how this bill

...