Jake Johnson is a senior editor and staff writer for Common Dreams.
An economist at the forefront of the growing global push for a billionaire wealth tax is welcoming news that U.S. Democratic presidential nominee Kamala Harris is embracing calls for a minimum levy on the United States' richest individuals.
Trump has campaigned on extending the deeply regressive and unpopular tax cuts and slashing rates for large companies even further.Surging billionaire wealth at a time when roughly two-thirds of Americans are living paycheck-to-paycheck has amplified calls for a minimum tax on the richest Americans. Zucman noted in a May New York Times piece that in 2018, U.S. billionaires paid a lower effective tax rate than working-class Americans for the first time in the nation's history.
Billionaires Gabriel Zucman Inequality Taxation Kamala Harris
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