Showing posts with label calls for wealth tax on super-rich. Show all posts
Showing posts with label calls for wealth tax on super-rich. Show all posts

Wednesday, February 26, 2025

Look at Donald Trump and his gang of broligarchs – and tell me we don’t need a wealth tax; The Guardian, February 25, 2025

 , The Guardian; Look at Donald Trump and his gang of broligarchs – and tell me we don’t need a wealth tax

"Among the clique were the three richest men in the world: Jeff Bezos, Mark Zuckerberg and top dog Elon Musk, who personally poured $277m into Trump’s election campaign, increasing his own wealth by $170bn as a result...

I’m someone who has lived with both poverty and wealth – but increasingly people from my working-class background will not be given the opportunities afforded to me. Because wealth is becoming more concentrated, cronyism is growing and the rest of the world is suffering.

Some at least are calling it out. Last month, nearly 400 millionaires and billionaires signed a letter asking leaders at Davos to take action on extreme wealth – by taxing the super-rich, like them. And, in his farewell speech, the then US president, Joe Biden, warned of a dangerous oligarchy taking shape. This should be a wake-up call to us all – especially those people elected to represent us.

Governments must address the obscene political capture we are witnessing. One simple way to do this is to tax the super-rich. These people now manage so much more than money. They manage what we read, what we watch, the information we’re given and, ultimately, how we vote."