Billionaires are bad for democracy. Taxing them is good for it.
A new, disturbing milestone has been confirmed in the latest Forbes World Billionaires List. The U.S. billionaire class is now larger and richer than ever, with 813 ten-figure oligarchs together holding $5.7 trillion. This is a $1.2 trillion increase from the year before — and a gargantuan $2.7 trillion increase since March 2020. The staggering upsurge shows […]