Teresa Ghilarducci challenges the assumptions about rich and poor people that underlie opposition to wealth taxes.
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Economics
May 21, 2026
Teresa Ghilarducci
While 55% of Americans say their financial situation is deteriorating, the wealth of the top 1% is reaching record highs. Against this backdrop, defending billionaires from “oppressive” taxation is politically convenient nonsense.
Michael R. Strain argues that proposals for punitive taxes on the ultra-wealthy threaten to do far more harm than good.
We need a 5% wealth tax on America’s 938 billionaires. Over a ten-year period, this bill would raise much-needed $4.4tn for…
Residents in at least 10 states are organizing campaigns to tax wealth in order to fund schools and other social services
COLUMN. After France's Sénat voted against a 2% wealth tax for people whose worth exceeds €100 million, the economist argues that…
Sensible solutions to rising debt and lower growth are being drowned out by simplistic calls to punish the rich
"What people don't realize," Penn Wharton Budget Model director Kent Smetters told Fortune, is there's "just not as much money…
