Some billionaires pay too little tax
https://www.economist.com/finance-and-economics/2026/06/04/some-billionaires-pay-too-little-tax
But the case for levies on wealth is unconvincing.
https://www.economist.com/finance-and-economics/2026/06/04/some-billionaires-pay-too-little-tax
But the case for levies on wealth is unconvincing.
How Inequality Caused America’s Affordability Crisis
https://www.project-syndicate.org/magazine/affordability-crisis-stems-from-inequality-calls-for-progressive-taxation-by-robert-h-frank-2026-03
Recent election cycles have shown that “affordability” is among American voters’ greatest and most persistent concerns. But partly because the basic problem has been misdiagnosed, the widely appealing, commonsense solution to it has failed to gain political traction.
https://www.project-syndicate.org/magazine/affordability-crisis-stems-from-inequality-calls-for-progressive-taxation-by-robert-h-frank-2026-03
Recent election cycles have shown that “affordability” is among American voters’ greatest and most persistent concerns. But partly because the basic problem has been misdiagnosed, the widely appealing, commonsense solution to it has failed to gain political traction.
Emmanuel Saez and Gabriel Zucman: The Case for California’s Billionaire Wealth Tax
https://www.nytimes.com/interactive/2026/05/26/opinion/wealth-tax-california-billionaire.html
https://www.nytimes.com/interactive/2026/05/26/opinion/wealth-tax-california-billionaire.html
The Myth of the Deserving Billionaire
https://www.project-syndicate.org/commentary/opposition-to-wealth-taxes-rests-on-a-flawed-assumption-by-teresa-ghilarducci-2026-05
While 55% of Americans say their financial situation is deteriorating, the wealth of the top 1% is reaching record highs. Against this backdrop, defending billionaires from “oppressive” taxation is politically convenient nonsense.
https://www.project-syndicate.org/commentary/opposition-to-wealth-taxes-rests-on-a-flawed-assumption-by-teresa-ghilarducci-2026-05
While 55% of Americans say their financial situation is deteriorating, the wealth of the top 1% is reaching record highs. Against this backdrop, defending billionaires from “oppressive” taxation is politically convenient nonsense.
Just stop moaning and pay your taxes
https://www.ft.com/content/b4f47239-7e05-4002-8d48-8f6f02e81e9e
How did we get here? Essentially, since the 1980s, Republicans have cut taxes on the rich and on corporations. The deficit has exploded as a result. Businesses and rich people, having pocketed the tax cuts (which increasingly go into the markets in a cycle of buying and selling existing assets rather than into the real economy), then complain about the deficit. Worried about supposedly unsustainable government spending, they demand cuts to entitlements like social security and Medicare and say there is no money for infrastructure, education or healthcare. This is particularly nauseating, given how much richer the US is than European nations that have universal healthcare.
https://www.ft.com/content/b4f47239-7e05-4002-8d48-8f6f02e81e9e
How did we get here? Essentially, since the 1980s, Republicans have cut taxes on the rich and on corporations. The deficit has exploded as a result. Businesses and rich people, having pocketed the tax cuts (which increasingly go into the markets in a cycle of buying and selling existing assets rather than into the real economy), then complain about the deficit. Worried about supposedly unsustainable government spending, they demand cuts to entitlements like social security and Medicare and say there is no money for infrastructure, education or healthcare. This is particularly nauseating, given how much richer the US is than European nations that have universal healthcare.