How to tax billionaires. The Rest is Money podcast with French economist Gabriel Zucman. #TaxBillionaires #WealthTax #Wealth #TaxTheRich

https://youtu.be/4T0vJXVrVNg?si=4inPULOpRpOOi0xN

Opinion Voices | Contributor: Why billionaires shouldn't fuss over the wealth tax by Stephen Land

AI generated summary, Read the full article for complete information.

Billionaires and their allies are launching a fierce campaign against California’s proposed one‑time 5 % wealth tax on net worth over $1 billion, arguing that the measure is poorly designed, costly to administer, and would have little impact on the rapid growth of massive fortunes that benefit from untaxed “unrealized gains.” The article explains that while ordinary workers pay roughly 40 % of their earnings in federal, state and payroll taxes, billionaires can let appreciated assets swell without ever triggering income tax, effectively paying zero on most of their wealth. A genuine wealth tax would treat that appreciation like ordinary income, recapturing a large share of the revenue already lost to the public treasury and reducing the outsized political influence that billionaires fund through massive lobbying. It also notes that a modest 5 % levy would barely dent fortunes built on untaxed gains and calls for broader reforms—such as a federal Billionaire Minimum Income Tax and similar state initiatives—to address systemic inequality and ensure the ultra‑wealthy contribute at rates comparable to everyone else.

Read more: https://www.latimes.com/opinion/story/2026-05-23/why-billionaires-shouldnt-fuss-over-wealth-tax

#WealthTax #UnrealizedGains #BillionaireTax #TaxReform #EconomicInequality

A progressive reform to Capital Gains Tax would both increase the threshold and unify the tax rates, and not contain loopholes under the deceit of not taxing 'real entrepreneurs'.

And a wealth tax would be a tax on wealth, not gains or income.

#WealthTax #WesStreeting #CGT #tax #ukpol

#WesStreeting wants to tax wealth yeah!

Except he doesn't, and calling his proposal a wealth tax shows he's not honest or progressive.

The #GreenParty have proposed an actual #WealthTax where you, er, tax wealth.

Fuck the #UKLabour of Streeting. #ukpol

C Booker:⚡won the KY Dem primary *Dem nominee to replace McConnell in the Sen!

CB💙⚡hasn't run a moderate campaign. In a state where Dem candidates often soften their edges to chase crossover voters, he's done the opposite,⚡running on MDCR for All, fully funded public ed, a #WealthTax & his own Working People’s Bill of Rights *calls for anyone wkg 40 hrs/wk to earn a guar min 40 hrs of paid leave +min ann wage of $45K.
-Dem Actis
#Progressives #Democrats #Elections #USPol
https://www.theqgentleman.com/post/2026-05-charles-booker-wins-kentucky-democratic-primary-now-comes-the-race-to-flip-mcconnells-senate-seat/

🚨Fossil fuel pipeline giant Energy Transfer is suing Greenpeace organisations for hundreds of millions of dollars for solidarity with the ongoing Indigenous-led resistance to the Dakota Access Pipeline! 🤬

#FossilFuelsOutNow #CorporateWelfare #MakePollutersPay #TaxTheRich #WealthTax #TaxTheSuperRich
#ClimateEmergency
#FreedomOfSpeech #Justice #Accountability

Sign the #petition calling on corporate bullies like Energy Transfer to stop these attacks on free speech! 😤👇 https://act.gp/4oFgNbk