Tag archives: wealth inequality
Tax the Billionaires!
In a recent New York Times editorial, socialist economist Gabriel Zucman of Berkeley wrote “It’s Time to Tax the Billionaires.” Congresswoman Barbara Lee proposed a wealth tax, the Oligarch Act of 2023. Rep. Lee wants a yearly 8% tax on the “extreme wealth” (net worth) of the “aristocratic” rich. Our legislators in Sacramento have also […]
Can We Be More Generous?
In recent years, I’ve heard a growing amount of criticism of philanthropy. I sense that much of this flak comes from the explosion of wealth inequality in our country, which has actually accelerated during the COVID-19 pandemic. It’s certainly not a pretty picture to see American billionaires gaining $1 trillion (one trillion dollars!) in wealth […]
