The WSJ's recent piece claiming billionaires’ low taxes threaten the economy misses the mark on its core argument but highlights a crucial issue: wealth is increasingly concentrated among ultra-rich few who often avoid paying their fair share. Discussions rarely focus on the true economic powerhouses—the 0.1%, 0.01%, and even 0.00001%—who wield the most wealth, influence, and tax avoidance. While the top 1% pays about 27% of federal taxes—including income, payroll, and other taxes—their overall tax contribution is still significantly less relative to their wealth. This imbalance fuels inequality and threatens democratic and economic stability. Check out what Paul Krugman writes here: https://paulkrugman.substack.com/p/the-ultra-rich-are-different-from #TaxJustice #WealthInequality #BeyondTheTop1 #TaxReform #EconomicJustice