Michael Madowitz believes the design of policies to address concentrated wealth has vastly improved, and not a moment too soon.
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Deep Dives
Oligarchy
Jul 29, 2026
Michael Madowitz
Democracy cannot survive trillionaires. We need to start taxing billionaires properly.
There is a fundamental tension between extreme wealth and the very possibility of democracy. That’s because extreme wealth is…
Cristina Enache shows that such policies have been abandoned in most countries where they have been tried—and for good reason.
The ultra-wealthy might have to start paying up
Michael R. Strain argues that proposals for punitive taxes on the ultra-wealthy threaten to do far more harm than good.
Sensible solutions to rising debt and lower growth are being drowned out by simplistic calls to punish the rich
