We Can’t Income-Tax Ultra-Elites. We Must Tax Their Wealth.

Source: Jacobin · Bias: Far Left

Summary

Last year’s Republican tax bill, the self-styled Big Beautiful Bill, continued a decades‑long trend in which the top 1 percent have seen their tax burdens decline steadily from the high levels of the mid-twentieth century. Since tax-cutting became the raison d’être of the Republican Party in the 1980s, the tax rate paid by the richest […]

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Jacobin

We Can’t Income-Tax Ultra-Elites. We Must Tax Their Wealth.

Far Left

Last year’s Republican tax bill, the self-styled Big Beautiful Bill, continued a decades‑long trend in which the top 1 percent have seen their tax burdens decline steadily from the high levels of the mid-twentieth century. Since tax-cutting became the raison d’être of the Republican Party in the 1980s, the tax rate paid by the richest […]

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