When public needs were great, he wrote, its claim on the ‘superfluous’ property of the rich was strong and just.
wealth tax
Posted inPolitics
A Bad Week for Billionaires
Losing New York to socialists, facing a wealth tax election in California—our oligarchs begin to suspect that Americans may not like them very much.
Posted inPolitics
Billionaire Wealth Tax Headed to the California Ballot
Gov. Gavin Newsom, who opposes the tax, tried to intimidate proponents into pulling the measure. It didn’t work.
Posted inTAP
AWOL in the Class War
Americans realize they’ve lost power and income to the very rich. Too many Democrats, even too many unions, have yet to go to war for them.
Posted inHealth and Social Policy
The Real Stakes Behind California’s Billionaire Tax Fight: Health Care Access
A hospital CEO says looming Medicaid reductions threaten vulnerable residents and the state’s health system.
Posted inPolitics
Trump’s Wreckage of Social Security and Medicare
The assault on cherished social insurance programs is a gift to Democrats, but only if they are clear about how to defend them.
Posted inMoney, Politics, and Power
Greed Flows South
Some of our billionaires feel comfortable only in states of the neo-Confederacy.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.