Truthout
Menu
Social Media
Sections
© 2026 Truthout
Billionaires
“Tax the Rich:” 10 Billionaires Added $402 Billion to Their Fortunes in 2021
Amid a public health emergency and economic crisis, billionaires saw staggering growth in their wealth.
Elon Musk Brags About Owing Small Fraction of His $280B in Taxes
The bill was incurred by transactions made over the past months in which he’s sold about $16 billion in stock so far.
Not Just Billionaires — the Average Rich Person’s Pay Has Risen During COVID
Wages grew much faster for top earners than they did for everyone else in 2020, reflecting a 40-year trend.
Billionaire Used Massive Oil Spill to Avoid Paying Income Tax for 14 Years
Phyllis Taylor’s company is responsible for the longest-running oil spill in U.S. history.
Recall Campaign Against Socialist Kshama Sawant Is Backed by Billionaires
The socialist city councilor's victories for working people have made her the target of Seattle's corporate forces.
Majority of Likely Voters Support Higher Taxes for Billionaires, Poll Finds
Sen. Ron Wyden’s Billionaires Income Tax proposal enjoys majority support from Democrats and Republicans alike.
Study Warns “Luxury” Pollution by the Mega-Rich Is Imperiling the Planet
Emissions from a single billionaire’s space flight exceed the emissions that others cause through their entire lives.
Elon Musk Opposes Billionaire Tax While Making a Record $36 Billion in One Day
Musk’s net worth of over $288 billion is over 1 percent of the U.S. GDP of $22.7 trillion.
US Billionaires Became $2.1 Trillion Richer in 19 Months of Pandemic
Over 700 billionaires now hold $5 trillion in collective wealth.
More Than Half of US’s 100 Richest People Dodge Estate Taxes Via Special Trusts
The estate tax can be easily avoided by exploiting a loophole unwittingly created by Congress three decades ago.