Truthout
Wealth Tax
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.
Democrats Seek to End Major Billionaire Tax Avoidance Scheme in New Senate Bill
The bill takes aim at a practice known as “buy, borrow, die,” in which billionaires borrow extensively off their assets.
Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent
The bill would create four tax brackets to tax those with “runaway wealth.”
“Greatest Wealth Transfer in History” Is Poised to Further Entrench Inequality
A recent New York Times analysis demonstrates that "we are not taxing the very wealthy enough,” said one professor.
Oxfam Report: US Billionaires Almost a Third Richer Since COVID Hit
"Tax Day is a reminder that the tax system isn't working for ordinary Americans."
Lawmakers in 7 States Are Working Together to Tax the Rich
Lawmakers are introducing wealth tax proposals as federal lawmakers fail to combat wealth inequality.
For Every $1 Gained by a Bottom 90 Percenter Since 2020, a Billionaire Got $1.7M
A report finds the top 1 percent seized twice the new wealth as the rest of the world in the past two years.
A Wealth Tax on the 0.25 Percent Could Fund Biden’s Entire Student Debt Plan
A modest 2 percent wealth tax on households with over $30 million in wealth could have raised over $400 billion in 2022.