Tax the Greedy Billionaires
@taxgreed.bsky.social
490 followers 59 following 300 posts
For our economy, our democracy, and our planet — it's time to tax billionaires now.
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taxgreed.bsky.social
Health care makes up 18% of the US GDP, which has led private equity investors to spend $1 trillion on health care acquisitions in the last decade.

But that profiteering carries a human cost. Patient death rates rose 13% in hospitals acquired by private equity firms.
Patient death rates rose 13% in emergency departments after hospitals were acquired by private equity firms.
taxgreed.bsky.social
Remember when the White House let an unelected billionaire conduct mass firings, gut federal agencies, and enrich himself in the process?

Now the administration is threatening to use the shutdown they manufactured as an excuse for even more mass firings and closures.
taxgreed.bsky.social
The government shutdown is working as intended for the GOP and their billionaire donors.

To them, this is the perfect opportunity to weaken the regulatory agencies and slash services that safeguard working families and cut into billionaire’s bottom line.
Screenshot of a Politico Headline. Headline reads, “Vought: Mass firings will begin ‘in a day or two.’ The Trump administration has threatened to inflict maximum pain on Democrats during the shutdown.”
taxgreed.bsky.social
No matter how hard they try to spin it, congressional Republicans forcing a shutdown is good for billionaires and bad for everyone else.

Slashing government workers, undermining regulatory agencies, and gutting the IRS is another giveaway for the billionaires who already exploit our system.
taxgreed.bsky.social
Treasury Secretary Scott Bessent is spending $20 billion to rescue the Argentinian economy.

Who stands to benefit from this use of our tax dollars? Billionaire hedge fund manager Rob Citrone, a friend of Bessent, who has invested heavily in Argentina.
Trump’s Argentina bailout enriches one well-connected billionaire
A $20 billion taxpayer-funded rescue package for Argentina is a gift for a hedge fund manager with personal and professional ties to the Treasury Secretary
popular.info
taxgreed.bsky.social
Taxing the rich is an EXTREMELY popular policy.

Our poll of likely voters in battleground congressional districts found overwhelming support for raising taxes on billionaires.

Lawmakers need to listen to their constituents, because they couldn't be clearer about what they want.
Likely voters voice overwhelming support for taxing billionaires. Raising taxes on billionaires is extremely popular in 2026 battleground congressional districts and key states like Michigan and Ohio. Support is not only broad, but intense as well, as majorities strongly support raising taxes on billionaires in all three geographies.
taxgreed.bsky.social
This is the issue we need to pay attention to.

America's unprecedented inequality has allowed a few hundred people to completely co-opt our democracy and reshape the economy to benefit themselves – at our expense.

Taking back our country starts with taxing billionaires.
rbreich.bsky.social
The 400 richest Americans are now worth a record $6.6 trillion.

The entire bottom 50% of America is worth just $4.2 trillion.

Our problem isn't a lack of resources.

Our problem is ever-expanding inequality.
taxgreed.bsky.social
There are 354 more billionaires now than there were at the end of 2017—up 40%.

Yet the rest of us can’t afford a house, and groceries are more expensive than ever.

We gave "trickle-down economics" a chance, and it failed.

It's only fair that we try a Billionaires Income Tax.
The reintroduced billionaires income tax of 2025 Raises $560 billion over 10 years, Ensures billionaires pay income taxes every year like the rest of us, Stops Billionaires from paying lower tax rates than nurses firefighters and teachers, Evens the playing field for working families.
taxgreed.bsky.social
Support for raising taxes on billionaires among Democratic primary voters is nearly universal, with 94% supporting it, and 82% doing so strongly.

Over two-thirds (69%) of Democratic primary voters agree that billionaires drive up the cost of living for everyone else.
taxgreed.bsky.social
It’s not just progressives – key swing audiences also support taxing billionaires.

Undecided voters, Independents, and Latino voters are all overwhelmingly in favor, making “raising taxes on billionaires” a winning issue this cycle.
taxgreed.bsky.social
Support is not only broad, but intense as well, as majorities strongly support raising taxes on billionaires in all three geographies.
taxgreed.bsky.social
Our new poll with Impact Research confirms that taxing billionaires is one of the most popular policies heading into the midterms.

Roughly 3-in-4 likely voters in battleground congressional districts and states like Michigan and Ohio support raising taxes on billionaires.
Trump Tax Cuts Could Backfire in Midterms: Battleground Voters Overwhelmingly Support Taxing Billionaires - Tax the Greedy Billionaires
New polling released today by Impact Research and Tax the Greedy Billionaires confirms that taxing billionaires is one of the most unifying and popular policies heading into the 2026 midterms. Roughly...
taxgreed.org
taxgreed.bsky.social
Pope Leo is right, this dangerous concentration of wealth is one of the most serious issues facing our society.

We can no longer deny the consequences of extreme wealth on our climate, our economy, and the very fabric of our democracy.

Tax. The. Rich.
‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay
Pope Leo criticises executive pay packages and talks about gap between rich and poor, in his first media interview
www.theguardian.com
taxgreed.bsky.social
NEW: Taxing billionaires is one of the most popular policies as we head toward the midterms.

Our new poll with Impact Research shows that about 3-in-4 likely voters in battleground congressional districts support raising taxes on billionaires.

Read more:
Making the case on Pillar Two
The debate over whether U.S. companies should be subject to certain key Pillar Two requirements is ratcheting up a couple notches.
www.politico.com
taxgreed.bsky.social
There are 1,135 billionaires in the U.S. with a collective worth of $5.7 trillion.

That means just over 1,000 people have more wealth than the bottom 50% of Americans, 170 million people.

We must tax the greedy billionaires to break up this dangerous concentration of wealth.
America’s 1,135 billionaires have more wealth than the bottom 170 million Americans combined. There are now 1,135 billionaires in the U.S. who collectively control $5.7 trillion dollars. This group has more wealth than the bottom 50% of American households combined.
taxgreed.bsky.social
The rich continue to get richer.

While household income for most Americans remained stable in 2024, the richest 10% of Americans actually saw their income rise.

Since 2009, those richest 10% have seen a 30% increase in their pretax income, according to Census data.
Inflation quashed household income gains in 2024, census finds
The U.S. Census Bureau found that the richest Americans’ income rose last year, and women and Black people lost ground.
www.washingtonpost.com
taxgreed.bsky.social
Jeffrey Epstein was able to leverage his immense fortune, an estimated $560 million, to shield himself from justice for years

Taxing extreme wealth is a key first step toward breaking up the dangerous concentration of power that enabled Epstein and endangers everyone else.
taxgreed.bsky.social
Turns out you don't get on the Forbes 400 by paying your taxes.

A new study reveals how the 400 richest Americans exploited the system to pay a lower tax rate than the average American household from 2018 to 2020.

Now Congress has made it even easier for them.
How the Richest People in America Avoid Paying Taxes
A clever new paper puts concrete numbers to the taxes paid by members of the Forbes 400.
www.theatlantic.com
taxgreed.bsky.social
A new study found that the 400 richest Americans paid only 1.3% of their wealth in taxes from 2018 to 2020.

Our Five & Dime proposal could raise nearly $7 trillion over 10 years with a wealth tax on just the households with wealth over $50 million.

Tax the greedy billionaires.
The 400 Richest Americans only paid 1.3% of their total wealth in taxes from 2018 to 2020.
taxgreed.bsky.social
Americans pay the cost of billionaire greed.

The majority of SpaceX revenue comes from federal contracts, AKA American taxpayers, while the company exploits our system to avoid paying federal income tax.

Quick reminder: SpaceX CEO Elon Musk is the richest person in the world.
Screenshot of a New York Times article. Headline reads, “SpaceX Gets Billions From the Government. It Gives Little to Nothing Back in Taxes. Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.”
taxgreed.bsky.social
Massachusetts collected nearly $3 billion more in tax revenue thanks to their millionaire surtax.

Analysis by The Budget Lab at Yale shows that implementing a federal surtax of 10% on Adjusted Gross Income above $1 million could raise $1.5 trillion over the next ten years.
Here’s what happens when you tax the rich: “Massachusetts collected $2 billion more in tax revenue than expected because of millionaires tax.” Source: The Boston Globe
taxgreed.bsky.social
AI is creating new billionaires at an unprecedented pace and everyday Americans are footing the bill.

The data centers required for AI consume a massive amount of electricity and strain electrical grids, driving up energy costs for millions of people.
The AI explosion means millions are paying more for electricity
Across much of the eastern U.S., electricity bills have jumped. The reason? Data centers required for AI and other tech wonders are driving up electricity demand.
www.washingtonpost.com
taxgreed.bsky.social
We hope every member of Congress was paying attention to Mike Flood's town hall, because the message doesn't get any clearer than this.
taxgreed.bsky.social
The wealth of the world's richest 1% increased by a staggering $33.9 trillion over the last decade.

$33,900,000,000,000.

That much money is enough to eliminate annual poverty "22 times over."
Screenshot of a Washington Post article. Headline reads, “World’s richest 1% increased wealth by $33.9 trillion since 2015, Oxfam says. That amount is “more than enough to eliminate annual poverty 22 times over,” according to a new analysis from the anti-poverty group.”