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.
wealth tax
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.
Posted inWorking in America
A New Low for American Workers
The share of American income going to labor is at its lowest level since measurements began.
Posted inEconomic Policy
A Happy 2025 By-Product: Revulsion at the Rich
With Trump, Musk, Bezos et al. running amok, progressive economic populism is on the rise. Polling shows a broad public turn toward policy that seeks to reverse the upward redistribution of income and wealth to our billionaires and make life’s necessities affordable.
Posted inTAP
Jeff Bezos’s Very Own Editorial Page
The Washington Post’s new editorialists have turned the page over to screeds defending not just laissez-faire capitalism but Bezos himself.