The relationship between President Trump and Elon Musk has soured, and their public feud has all eyes focused on the battle of billionaire egos. This fight is a symptom of a deeper problem: Billionaires like Musk have amassed so much wealth that they can distort our politics, economy, and public discourse to benefit themselves.
Today, in an op-ed in “The Hill,” Alan Davis highlighted how the “experiment in billionaire governance” we are currently living through underscores the consequences of our broken tax system. In the piece, Davis lays out how a new wealth tax proposal, coined “Five and Dime,” can combat the excessive wealth concentration corroding our democracy.
Ahead of yesterday’s House vote on the so-called “Big Beautiful Bill,” Tax the Greedy Billionaires released a new video highlighting how House Republicans voted against a range of amendments introduced by House Democrats that would block tax cuts to multi-millionaires and billionaires.
As Congressional Republicans prepare to advance their tax bill, Tax the Greedy Billionaires (TGB) and Americans for Tax Fairness (ATF) released a memo highlighting how a millionaire surtax would allow Congress to protect middle-class and low-income Americans from cuts to key social programs, while extending tax cuts for millions of hardworking low- and middle-income households.
Today, Politico’s Bernie Becker highlighted how Democrats are taking a bolder position to combat unprecedented wealth inequality, which they see as a critical threat to the U.S. economy and our democracy at large.
President Donald Trump continues his assault of regulatory independence by firing two Democratic Federal Trade Commissioners.