The assault on cherished social insurance programs is a gift to Democrats, but only if they are clear about how to defend them.
wealth tax
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.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.
Posted inTAP
Democrats Get Serious About Taxing the Rich
Having finally realized that the rich are orders of magnitude richer than they used to be.
Posted inTAP
Google Man Peddles Snake Oil
Sergey Brin funds a campaign to convince Californians to negate a wealth tax, through a ballot measure that conceals its intended purpose.
Posted inEconomic Policy
How to Tax Billionaires
The details are complicated. The politics should be simple.
Posted inMoney, Politics, and Power
To Avoid a Tax Hike, Billionaires Decide to Take Over California
Facing a proposed wealth tax that would restore health cuts, they’re pouring money into their own gubernatorial and legislative candidates.
Posted inTAP
The Non-Exodus of California Billionaires
The media says they’re fleeing a wealth tax. Except, they’re not.