💬 Opinion Aug 11, 2026 · Harold Meyerson

The California Left and the Wealth Tax

The American Prospect
Progressive policy opinion
View Channel →
The California Left and the Wealth Tax
Source ↗ 👁 7 💬 0
With every release of economic data, the case for a wealth tax becomes ever more obvious. While The Washington Post documents how the median wage struggles to keep up with price hikes, The Wall Street Journal reports that corporate profits are at record highs, with one corporate analyst noting, “These profit margins are incredible.”



In 1970, the wealthiest 1 percent of Americans commanded roughly one-fifth of the nation’s wealth; today, they command one-third. If we are to get serious about f

Comments (0)

Sign in to join the discussion

More Like This

📰
Correcting an Obnoxious Mischaracterization
Reason Magazine · 5d ago
📰
Is Trumpism the New McCarthyism?
NYT > Opinion · 5d ago
📰
Steve Witkoff’s Groveling to Putin Was Painful to Watch (w/ Michael Weiss)
The Bulwark · 5d ago
It Will All Work Out in the End
The Dispatch · 5d ago
📰
5 Rules of Power From Roy Cohn and Donald Trump
NYT > Opinion · 5d ago
📰
No Bail Release for Tate Brothers, Detained While Extradition Matter Is Pending
Reason Magazine · 5d ago