Issue
Wealth Reclamation Tax
Issue
Wealth Reclamation Tax
Wall Street got rich off our backs. It’s time they paid us back.
Prince George’s County is one of the wealthiest Black-majority counties in the United States — and yet, nearly half of families here are struggling to afford rent, food, and basic care.
That’s not because we lack resources.
It’s because they’ve been hoarded - by Wall Street, by hedge funds, and by politicians who protect the powerful instead of fighting for us.
The Wealth Reclamation Tax is a simple, targeted way to reverse decades of corporate greed and reinvest in the public good. They’ve rigged the rules, crashed the economy (more than once), and walked away with record profits.
The Plan
1. A 0.5% Wall Street transaction tax
Apply a half-percent tax on the sale of stocks, bonds, and other financial trades.
Retirement accounts, 401(k)s, mutual funds, and genuine small investors are exempt—they’re building a future, not gaming the system.
Already proven effective in countries like the UK and France. It's time we do it here.
2. Generate massive public investment - without taxing working people one dime.
Raise hundreds of billions from the portfolios of billionaires and Wall Street traders.
Place the burden where it belongs: on the ultra-rich, not everyday families.
Disincentivize high-frequency trading that destabilizes markets.
3. Lock funds to our five core pillars
The Wealth Reclamation Tax is a simple, targeted way to reverse decades of corporate greed and reinvest in the public good. Every dollar raised is reinvested directly into what’s been denied to us for decades.
The Wealth Reclamation Tax helps fund:
Why now — and why Glenn Ivey won’t do it
He’s taken tens of thousands from Big Pharma, corporate PACs, and registered lobbyists. At a March 2024 town hall, a disabled veteran finally said out loud what so many of us feel:
“Your (Ivey's) net worth is approximately somewhere between $1 and $3 million. Your salary is $174 thousand. The per-capita income in District 4 — the average salary — is less than $41 thousand. That means that in your district people are surviving on less than $4,000 a month. You operate in different circles than we do; you talk with different people than we do. When we say that we are scared of surviving until 2026, that’s what we mean.”
Ivey’s reply? A shrug—and a reminder that $174 k is “less than I made in private practice.” That isn’t sacrifice; it’s privilege.
While rents explode, healthcare costs soar, and Wall Street drains local pensions, he offers commissions and study groups. He’ll sign on after the heavy lifting is done. Never first in, never the loudest.
However, he has voted to expand government surveillance, signed off on billions in unaccountable military aid, supports congressional pay raises, and declines to support publicly financed federal elections.
That’s the politics of caution, not courage - and it protects the powerful, not us.
I’m here to fight for the rest of us
We’ve been told over and over and over and over again, "there's not enough to house people, care for our sick, or educate our kids."
The Wealth Reclamation Tax doesn’t punish success; it reclaims stolen opportunity.