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Wealth Tax
Despite Progressive Posturing, Newsom Opposes Popular CA Wealth Tax Proposal
The “emergency billionaires tax” would offset the billions of dollars being stripped from CA Medicaid recipients.
Veto Record Belies “Progressive” Air of Dem Leaders’ Pick for Key Senate Race
Janet Mills has vetoed collective bargaining rights, wealth taxes, protections for renters, and tribal sovereignty laws.
Wealth Taxes Will Barely Slow Inequality. So Why Do the Super-Rich Resist Them?
A 2 percent wealth tax is like shaving off a fraction of a spire from a large cathedral, says economist Nancy Folbre.
Wealth of the World’s Billionaires Surged by $10 Billion Per Day in January
An economist warns that the breakneck speed of extreme wealth growth is putting more power into the hands of a tiny few.
World’s Richest 1 Percent Have Already Surpassed Their Carbon Budget for 2025
A new report by Oxfam highlights the disproportionate role of the ultra-wealthy in fueling the climate emergency.
Study Finds Wealth Tax, Oil Subsidy Phaseout Could Generate $5T for Climate
The new report was released as world leaders gathered in New York City for UN General Assembly talks.
World Could Raise $2.1 Trillion Annually by Adopting Spain’s Wealth Tax
A tax on the top 0.5 percent of households could raise enough to finance climate action as well as other pressing needs.
Nobody “Earns” a Billion Dollars. We Need a Wealth Tax.
Economist James K. Boyce analyzes new data on US disparities and frames environmental degradation as a class issue.
World’s 5 Richest Men Have Added $14M to Their Wealth Every Hour Since 2020
Elon Musk was the biggest winner of the last three years, multiplying his fortune by over seven times.
US’s Wealthiest Collectively Held $8.5 Trillion in Untaxed Assets in 2022
“This is why we need a billionaire income tax,” Americans for Tax Fairness said.