Wealth Taxes Will Barely Slow Inequality. So Why Do the Super-Rich Resist Them?

Zohran Mamdani’s historic victory for the working class in the financial capital of the world is a reflection of the growing appeal of bold platforms that attack extreme inequality and oligarchy and move toward a more equitable and just society. Inequality, to be sure, is one of the biggest social problems facing many countries across the globe. The gap between haves and have-nots has grown to…
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CA Organizers’ Proposal Would Tax Billionaires to Mitigate Medicaid Cut Harm

A coalition of frontline healthcare workers, unions, and economists launched an effort Thursday to build support for a proposed ballot measure in California that would impose a one-time tax on the state’s billionaires to avert a looming crisis spurred by national Republicans‘ unprecedented Medicaid cuts. The proposed ballot initiative, titled “The 2026 Billionaire Tax Act…
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