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Wealth TAX

4 stories on Wealth TAX. For each one: what the left says, what the right says, and what both agree on. RSS feed

• California Billionaire Tax Splits Newsom from Democratic Socialists

  Nov 5, 2026

  Left: A one-time 5% tax on roughly 200 billionaires could generate tens of billions of dollars to offset federal Medicaid cuts and protect Medi-Cal coverage for low-income Californians, seniors, and people with disabilities.

  Right: A 5% wealth tax targeting billionaires risks driving high-net-worth individuals and the businesses they run out of California, eroding the state's tax base over time.

• Reich Calls to Nationalize SpaceX; Musk Threatens 'Prison'

  Oct 27, 2026

  Left: One person controlling critical infrastructure like satellite internet raises legitimate accountability concerns, especially when that access can determine military and humanitarian outcomes in conflicts like Ukraine.

  Right: Calling for the government to seize a private, successful American company over policy disagreements sets a dangerous precedent that undermines property rights and free enterprise.

• California's Billionaire Tax Could Eventually Target All Asset Owners

  May 11, 2026

  Left: Billionaires are using hyperbolic rhetoric comparing modest tax increases to Soviet oppression and racial slurs, revealing their detachment from reality

  Right: The measure contains hidden provisions allowing the legislature to expand the tax to virtually any asset owner through simple majority vote without returning to voters

• Starbucks Founder Flees Seattle Hours After Washington Passes Millionaire Tax

  Mar 11, 2026

  Left: The tax targets only those earning over $1 million annually, affecting a small fraction of residents while helping fund essential services like free school meals

  Right: The 9.9% tax rate creates a massive disincentive for high earners and entrepreneurs to remain in Washington state