Portside

Instead of debating tweaks at the edges of our tax system, what we should be doing is stretching ourselves to imagine a world where billionaires are impossible.

We are tempted into believing that a system can be defended that allows a man to accumulate more than $100 billion. It can’t.

The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done?

"We don't just need a wealth tax, we also need to give the IRS the tools it needs to make sure the ultra-rich finally pay their fair share."

The increase in US billionaire wealth has surpassed $1.1 trillion since mid-March, 2020, more than enough to pay for all the relief for working families contained in the $1.9 trillion coronavirus relief package proposed by President Biden.

Some problems can only be solved when public officials have the resources to act. Today’s public health crisis is that kind of problem. The current disaster threatens our health and our economy.

Reader Comments: Return of Fascism; 2/3 Support Wealth Tax; CNN and Democratic Debate; Imminent Danger(?) - Soleimani Murder; Biden and Buttigieg; Boeing; Australia; Spain; Pesticide Use; Chesa Boudin; Missouri Seeks to Burn Books, Jail Librarians;

"It's simple. The majority of Americans believe that we should tax the rich."

Elizabeth Warren and Bernie Sanders have proposed wealth taxes on the biggest fortunes in America. The White House and lots of billionaires are attacking them for it. But guess what: You'll be surprised who supports it.

This modest-sounding proposal would have a far-reaching impact on the wealthiest Americans when combined with her other tax plans — shrinking colossal fortunes over time and making it much more difficult to hand down multibillion-dollar legacies