News
Europe tried wealth taxes. Most gave up.
3+ hour, 30+ min ago (595+ words) (The Center Square) " Democratic senators are advancing a series of proposals to tax America's wealthiest households, with supporters projecting trillions in new federal revenue. Critics, however, argue the plans would generate far less than promised while creating economic and legal…...
The real stakes behind California's billionaire tax fight: health care access
2+ day, 16+ hour ago (779+ words) A hospital CEO says looming Medicaid reductions threaten vulnerable residents and the state's health system. By "Mark Kreidler for Capital & Main Just as California's billionaires"would prefer, the public conversation around a"proposed one-time tax"on a fraction of their…...
Should the government tax 'wealth instead of work'? Readers discuss
41+ min ago (635+ words) As Labour struggle to make progress in fixing the country, one name keeps popping into my head " Liz Truss. The state runs on borrowing. David Cameron promised to cut the deficit but austerity cost us growth and money in the…...
Democrats" wealth taxes are Trojan horses: Beware what lies inside
17+ hour, 27+ min ago (830+ words) Democrats are proposing wealth taxes in California and other states, hoping to appeal to voters with the gift of other people's money. But 3, 210 years after the people of Troy famously learned not to accept gifts from Greeks, voters might want…...
Nicolas S. Rohatyn on "Tax the rich
1+ day, 3+ hour ago (822+ words) Tax the Rich" is a catchy, intuitive and politically potent slogan. In a period of rapid wealth creation alongside rising costs and constrained opportunity, it speaks to a real and widely felt imbalance. Whether one sees that divide as a…...
These Politicians Want To Tax the Rich. But Why Do They Seem To Despise Them?
2+ day, 16+ hour ago (34+ words) Are Jeff Bezos and other billionaires really evil just because they're wealthy?...
Democrats trying to push new wealth taxes on millionaires and billionaires amid debate
1+ day, 23+ hour ago (27+ words) WTOV Democrats trying to push new wealth taxes on millionaires and billionaires amid debate...
The billionaires telling other billionaires to shut up and pay their taxes
3+ day, 2+ hour ago (777+ words) New York " Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California's wealth tax proposal that has some billionaires riled up. "It's fine," he said. "I never once thought about it." RELATED:…...
Inflating executive power for the. 1 percent: Unilateral indexing of capital gains would be unlawful, costly, and fleeting
3+ day, 50+ min ago (1382+ words) Some members of Congress and advocacy organizations are calling for the Trump Administration to provide a huge tax cut to the wealthy by unilaterally indexing capital gains for inflation. These calls should be rejected'as they have been under several prior…...
This California Tax Targets Billionaires Now - But Critics Say Middle-Class Families Could Be Next
3+ day, 7+ hour ago (965+ words) Critics fear California's proposed billionaire tax could expand. A new tax proposal aimed squarely at California's wealthiest residents is gaining momentum, but the debate around it is quickly expanding beyond billionaires. The so-called "Billionaire Tax Act" is headed for a…...