Dear John,

There’s a fundamental tension between extreme wealth and democracy.

That’s because extreme wealth is extreme power — the power to stifle competition, shape laws, buy elections, and stall social progress.

We need a wealth tax that even the slipperiest of billionaires can’t wriggle their way out of.

In our video this week, renowned economist and wealth inequality expert Gabriel Zucman lays out how we can actually tax the wealth of the super-rich.

Watch and Share

Taxing income alone isn’t sufficient, because the super-rich find ways to report little to no income. There was even one year when Jeff Bezos pretended he was so poor that he claimed and received the child tax credit!

That’s why we must tax extreme wealth. And we must endorse the principle that extreme wealth comes with unavoidable duties toward society.

Thanks for watching — and please forward this video to spread the word.

Robert Reich
Inequality Media