The Supreme Court just kept Elizabeth Warren’s fight for a wealth tax alive and well – defying billionaire interests who asked the Court to declare taxing wealth (as distinct from income) unconstitutional.
Now we have an opening to tax billionaire wealth – every year, like everyone else.
Sign the petition to political leaders on this page:
Make a wealth tax a priority in the huge tax fight coming up in 2025 when Trump’s tax cuts expire. Tax wealth!
We are sharing the growing public demand for a wealth tax with members of Congress.
Taxing extreme wealth should be common sense. When Elon Musk gets paid over $40 billion in stock compensation, and then borrows against those assets instead of cashing out in order to buy Twitter, taxing his 'income' is meaningless.
To be clear, we still face a corrupt and increasingly illegitimate Supreme Court. But in this case, the argument from billionaire interests was so absurd that even this extreme Court didn’t see fit to blow up our tax code.
Now, it is up to us to press political leaders to make a wealth tax a priority in the 2025 tax fight.