Truthout
Wealth Tax
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.
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.
Democrats Eye Billionaire Tax With Potential Backing From “Centrists”
The tax would be levied only on the investment incomes of the wealthiest 0.0002 percent of Americans.
Top 1 Percent in US Now Have More Wealth Than Entire Middle Class Combined
Over the last few decades, the wealthy have accumulated more wealth, as the middle class’s share of wealth has declined.
Warren Says Reconciliation Bill Should Include Wealth Tax
For progressives, the reconciliation bill is an opportunity to make the rich pay their fair share in taxes.
Wealth Tax and IRS Funding Could Pay for Entire $3.5T Bill, Warren Writes
The senator writes that her tax plans could pay for the reconciliation and infrastructure plans with money to spare.
US Could Fund Vaccines for Whole World by Taxing Billionaires’ COVID-Era Profits
The tax would raise $5.4 trillion in revenue and still leave the world’s billionaires about $55 billion richer.
25 Richest Americans Pay Few Taxes — Partly Thanks to the “Family Fund” Loophole
Billionaires’ “family investment offices” help them to dodge taxes and snarl efforts to make their finances transparent.
“Tax the Rich” Gains Momentum After Explosive Report on Billionaire Tax Dodging
The report found that the wealthiest Americans are often able to dodge most, if not all, federal income taxes.
Without a Wealth Tax, COVID’s Legacy Will Be Acceleration of Inequality
The world's 2,365 billionaires have seen their collective fortunes grow by $4 trillion during the pandemic.