About
Who We Are
Tax the Greedy Billionaires (TGB) is dedicated to addressing the simple fact that the ultra-wealthy make life harder for all of us. Advocates and leaders across all sectors, from economics to democracy to climate and beyond, are telling Congress that there’s only one way to truly take back our democracy: tax the ultra-rich. Everyday Americans can’t afford to foot the bill for their lavish lifestyles anymore.
What We Want
America’s wealth inequality has reached a breaking point. The richest Americans have captured our government, rigged the rules in their favor, and amassed concentrations of wealth and power that exceed even the robber barons of the Gilded Age.
The American Dream cannot survive when unlimited wealth for a few destroys opportunity for the rest of us. Congress must tax the ultra-wealthy — not just to raise revenue, but to shrink the fortunes that give billionaires a stranglehold over our economy and democracy. A wealth tax aimed at the top 0.2% would generate significant revenue without raising taxes on a single working family.
Our Proposal: The Five & Dime Tax
There are approximately 300,000 American households with wealth exceeding $50 million, and they’re collectively sitting on over $40 trillion. That staggering accumulation of wealth is roughly equal to the entire U.S. national debt and exceeds the country’s 2024 GDP by approximately $6 trillion dollars. This concentration of excessive wealth is at the heart of numerous crises facing our nation today.
Our proposal is simple: impose a 5% tax on households with wealth over $50 million and a 10% tax on households with wealth over $250 million. An analysis by the Tax Policy Center found that the Five & Dime tax would:
- raise $6.8 trillion in the first ten years.
- slow the emergence of new billionaires.
- reduce the total share of wealth controlled by billionaires.
The revenue raised by this tax could be spent on public investments that benefit working families and rebuild the working class, including universal childcare, affordable housing, and infrastructure. Taxing the ultra-wealthy is the single best way to begin breaking up the dangerous concentrations of economic power threatening our economic growth, democracy, and climate.
POLLING
Poll Finds Raising Taxes on Billionaires is a Winning Issue in 2026 Battleground Congressional Districts and States
– Impact Research, September 5, 2025
Poll Finds That Raising Taxes on Billionaires is a Winning Issue in CA-13
– Impact Research, April 9, 2025
Further Reading
Five & Dime Tax Model Analysis
– Tax Policy Center
The 5 & Dime Wealth Tax | Because Billionaire Wealth Is Driving Up The Cost Of Living
– Tax the Greedy Billionaires
Budgetary and Distributional Analysis of a Progressive AGI Surtax
– The Budget Lab at Yale
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