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First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires" Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." He makes it roughly a dozen paragraphs before explaining that it isn't one. "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...
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May 28, 2026 / Tyler Durden
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
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Remembering The False Gloom And Doom Of The 1992 Elections... And The Upcoming Midterms
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