Tax the Greedy Billionaires
@taxgreed.bsky.social
For our economy, our democracy, and our planet — it's time to tax billionaires now.
The billionaires building their fortunes in tech keep promising that AI will usher in an age of abundance and prosperity, but the evidence already shows the AI gold rush is widening the wealth gap between the ultra-rich and the rest of us.
A new force is increasing inequality in America
Evidence is mounting that artificial intelligence is helping the richest people and cities pull further ahead.
washingtonpost.com
Just 300,000 ultra-rich U.S. households hoard wealth roughly equal to the $40 trillion national debt. A wealth tax would reduce their outsized power and influence AND raise trillions in revenue to fund key initiatives and stabilize the debt.
Unusual Whales@unusualwhales.bsky.social · last mo.BREAKING: US national debt officially hits $40 trillion for the first time ever, per FOX
The California Democratic Party voted to officially support the one-time wealth tax on the CA ballot this November. This move aligns the party with the majority of voters, who support taxing residents with net worth exceeding $50 million.
California Democratic Party endorses billionaire tax
The party’s executive board broke with several labor unions and Gavin Newsom on the measure.
politico.com
Taxing billionaires continues to be an extremely popular policy for voters in 2026. A new survey in California found that 57% of likely voters support a billionaire wealth tax initiative, vs. just 38% who oppose it.
Ruby Rippey’s rebuttal
politico.com
Usually the billionaire class doesn't say the quiet part quite this loudly, but Shopify CEO Tobi Lutke just did. Americans know all too well that billionaires like Musk use their excessive wealth to undermine our country's principle of one person, one vote—and we've had enough.
1. Trump just signed a landmark nuclear deal with Saudi Arabia, paving the way for the Saudis to enrich their own uranium. Meanwhile, Trump's top foreign policy advisor, Jared Kushner, is being paid tens of millions of dollars anually by the Saudis That fact was IGNORED in almost all the coverage
“What we’ve seen over the last couple of years is the kind of blatant exercise of billionaire power that so many folks have been warning us about over the past couple of decades. That’s why the issue is in the zeitgeist.” – Igor Volsky, Tax the Greedy Billionaires
Analysis | The left sees a billionaire backlash — and an opening for a wealth tax
Some progressives believe the political appetite for a national wealth tax on the ultra-rich is stronger than it has been in years.
washingtonpost.com
As the U.S. celebrates its 250th anniversary, wealth inequality has ballooned to a historic high. While some want you to believe this type of extreme wealth embodies the enduring promise of the American dream, that couldn’t be further from the truth.
The Founders’ Warnings About Excess Wealth Have Come Appallingly True
Using the tax code to break up this concentrated wealth and power isn’t radical. It’s as American as Jefferson and Madison.
newrepublic.com
The current concentration of wealth in America is precisely the oligarchic threat the founders feared. Today, working Americans are priced out of housing, health care, and child care. The upward mobility of previous generations has been erased by billionaires acting like kings.
Trump’s messy 250th anniversary celebrations embody the very corruption our founders warned against. Rather than celebrate the U.S. and the people who made our country what it is today, Trump and his cronies have leveraged this landmark anniversary to further enrich themselves.
America’s oligarchs guard their hoards jealously—but there may be a way in.
How to tax a billionaire
America's oligarchs guard their hoards jealously—but there may be a way in.
motherjones.com
How do you tax extreme wealth? It's no picnic—esp at the federal level—for constitutional reasons & political ones. (The public wants it, but the oligarchs hold the cards.) Even unrealized gains appear untouchable, but good ideas are afoot. cc: @bdgesq.bsky.social, @gabrielzucman.bsky.social
How to tax a billionaire
America's oligarchs guard their hoards jealously—but there may be a way in.
motherjones.com
After failing to remove a billionaire wealth tax from the California ballot, Governor @gavinnewsom.bsky.social has unveiled a "new" billionaire tax proposal of his own. But Newsom's plan only offers reheated reforms from 15 years ago that wouldn't tax the excessive wealth of billionaires.
Yesterday, Governor Gavin Newsom and a group of billionaires failed to remove a ballot measure supported by a majority of California voters that would impose a one-time 5% wealth tax on California billionaires.
STATEMENT: After Billionaires Fail to Kill Popular California Initiative, Newsom Offers Sham Alternative - Tax the Greedy Billionaires
Governor Gavin Newsom and a group of billionaires failed to remove a ballot measure supported by a majority of California’s voters that would impose a one-time 5% wealth tax on California billionaires...
taxgreed.org
Our lawmakers have ignored the crisis of extreme wealth for so long that we now have the world’s first trillionaire. This should be a wakeup call. We need to tax the ultra-rich in a serious way that actually reduces their wealth and decreases the power they hold over our lives.
Elon Musk built his obscene wealth on the backs of hardworking Americans and leveraged his unprecedented power to further rig the system in his favor. Lawmakers must pursue bold tax policies that not only slow the accumulation of extreme wealth, but reverse it.
Elon Musk became the world's first trillionaire because our tax system shields the wealth of the ultra-rich from taxation while requiring working people to pay taxes on every paycheck. Today’s milestone underscores the imperative to tax wealth and make the ultra-rich LESS rich.
@balint.house.gov @maxwellfrost.bsky.social @igorvolsky.bsky.social @endcitizensunited.bsky.social's Justin Unga on @taxgreed.bsky.social #nn26 We need to tax billionaires not just so that they pay their fair share but also so that they have less wealth and political power at the end of the year.
Today at @netrootsnation.bsky.social, @frost.house.gov and I joined @taxgreed.bsky.social and top advocates for a discussion on the need for billionaires to pay their fair share in our country. We know that financial power turns into political power - it’s time to level the playing field.
Team Tax the Greedy Billionaires is at @netrootsnation.bsky.social this week! Drop by booth 501, say hello, learn more about our work, snag some swag, and get entered in our raffle!
Huge thanks to @taxgreed.bsky.social for joining us as a Premier Sponsor of #NN26! This campaign is helping drive a clear, urgent message: It’s time to tax billionaires and break up the extreme wealth they wield to exploit our economy and weaken democracy to further enrich themselves.
Extreme concentrations of wealth and power reshape our culture and threaten our democracy. Jeff Bezos sponsoring the Met Gala is a prime example. This is not philanthropy, it is influence bought and paid for. End the oligarchy. Tax the Super-Rich! #TaxTheSuperRich #MetGala
The ultra-wealthy are rewriting the rules of society to serve their own interests. At the center is Jeff Bezos, who is using the Met Gala tonight as an opportunity to launder his public image. End the oligarchy. Tax the Super-Rich! #TaxTheSuperRich #MetGala
This Friday, we're saying it loud and clear: #WorkersOverBillionaires Billionaires have broken every rule and we refuse to go along with it any more. #MayDay will be a day of rallies, marches, teach-ins, walkouts, and a refusal of business-as-usual. Get involved at maydaystrong.org
Billionaires have broken every rule and we refuse to go along with it any more. This #MayDay, we’re making a clear demand: #WorkersOverBillionaires. May 1st will be a day of rallies, marches, teach-ins, walkouts, and a refusal of business-as-usual. Learn more and find an event: maydaystrong.org
"What we're increasingly seeing is not necessarily earning, but extraction. Extracting money from basic necessities, or as we're seeing with the conversation around AI, extracting everyone's work and everyone's knowledge and putting it into these powerful models."
Our 5 & Dime Wealth Tax would raise $6.8 trillion over 10 years – even factoring in the tax avoidance cheats the ultra-rich are so good at. Chipping away at billionaire wealth is crucial to rebalancing our society and giving power back to the overwhelming majority of Americans.
War profiteering has reached new extremes under Trump. The current situation in Iran shows that confronting corporate power and taxing the ultra-wealthy isn’t just about economic fairness — it’s a national security imperative. Read our piece with @polluterspay.bsky.social:
Tax the Corporations Cashing in on Trump's War - OtherWords
Across the political spectrum, Americans support taxing windfall profits — and billionaires — to help working people weather the affordability crisis.
otherwords.org
Most California voters support the state’s newly proposed billionaire tax, according to new polling. Meanwhile, rich Californians are plotting a $500M slush fund to influence the state's politics. So they can't afford a wealth tax, but they'll spend a fortune buying elections? See the problem...