The survival of American democracy depends on taxing billionaires

Economists Erick Zwick of the University of Chicago and Owen Zidar of Princeton propose that restoring the tax schedule to where it was in the Clinton administration 30 years ago would raise $5tn over a decade and do wonders for America’s public finance. The main challenge to that is political: it requires an overhaul of a political equilibrium that over the last 50 years has largely revolved around cutting taxes…

 https://www.theguardian.com/us-news/2026/oct/27/democracy-tax-billionaires