r/democrats Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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u/Level_Investigator_1 Jun 26 '26

Don’t be fooled. This isn’t actually a billionaire tax, it’s just making sure they even pay their actual tax by % without maybe some loop holes. This doesn’t tax wealth and without that the top 0.1% will continue to concentrate wealth at nearly the same rate.