The share of American income going to labor is at its lowest level since measurements began.
wealth tax
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.
Posted inTAP
Unveiled Today: The First Politically Viable Wealth Tax
A proposed 2026 California ballot measure would tax billionaires’ fortunes to fund imperiled health access for 15 million state Medicaid recipients. The spillover effects of its presence on the midterm-election ballot should be considerable.
Posted inEconomic Policy
The Myth That Mamdani Will Cause New York City’s Richest to Leave
Millionaire tax flight would devastate a future Mamdani administration. If the rich leave, how could anything be financed? But research shows that wealthy individuals move at lower rates than others, even in response to higher personal income taxes.
Posted inTAP
Taxing the Rich and the Survival of Emmanuel Macron
Macron, whose own popularity ratings have been languishing, has made it clear that he opposes a wealth tax.
Posted inEconomic Policy
Clamoring to Tax the Rich
In Berkeley, New York, Paris, and Vatican City, it’s become central to political battles—and religious concerns.
Posted inLaw and Justice
The Stealth Attack on the Power to Tax
The Supreme Court could overturn a well-established form of federal taxation.
Posted inMoney, Politics, and Power
Elon Musk’s Twitter Debacle Shows the Problem With Billionaires
One person should not control nation-sized pots of resources.
Posted inPodcasts
Jeff Bezos, Welfare Queen
Billionaire oligarchs rely on government protections and benefits more than anyone on Earth.