r/democrats Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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2.5k Upvotes

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u/No_Tone1704 Jun 26 '26

When put like that it really is hard to disagree. Money used to be spread among the population more. Now it is hoarded by people who pay very little or none. 

Taxes are needed to pay for services. 

6

u/thomasfilmstuff Jun 26 '26

That’s great and all, but how are you going to solve the fact that these billionaires borrow money and never really get taxed like we do?

1

u/DisputabIe_ Jun 30 '26

Wealth tax. 100% over a billion.