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.
wealth tax
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.
Posted inBuilding Back America
The Pro–Trump Tax Cuts Caucus
It includes Democrats Joe Manchin and Kyrsten Sinema, among others.
Posted inTAP
Warren Delivers Again
Today on TAP: Her corporate minimum tax plugs a revenue gap with progressive reform—and unites her party to seal Build Back Better.
Posted inBuilding Back America
Introducing the ‘Deus Tax Machina’
Sen. Ron Wyden’s bid to rescue the Build Back Better Act’s revenue side is an audacious attempt to rein in billionaires and mega-corporations.