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To Renew Our Democracy, We Need to Tax the Ultrarich
Sen. Elizabeth Warren conducts a news conference in the Capitol to introduce the Ultra-Millionaire Tax Act on March 1, 2021. The act would tax high net-worth households.
Tom Williams / CQ-Roll Call, Inc via Getty Images
By
Sen. Elizabeth Warren and Rep. Pramila Jayapal’s Ultra-Millionaire Tax Act of 2021, introduced March 1, could not be a more timely reminder that the United States needs serious policy changes to address massive wealth and income inequality. While eight million Americans slipped into poverty and half a million lives were lost to Covid-19 since the beginning of the pandemic all with a disproportionately large impact on communities of color the wealth of U.S. billionaires almost doubled, up $1.3 trillion. At this rate, it would take five more months for the wealth of the richest Americans to match the $1.9 trillion relief package put forward by the Biden administration.
February 8, 2021
Like numerous judges across the country for the past year, some justices on the U.S. Supreme Court appear unable to put aside their political views and question the legality of lockdown orders. That’s apparent in last week’s late-night decision in the ongoing battle between California’s churches and California Gov. Gavin Newsom. The order arose after Newsom ignored the Supreme Court’s prior decision that found bans on indoor worshipping to violate the First Amendment.
Just one week after the Supreme Court issued that decision, Newsom’s government issued a regional “stay at home” order that again banned all indoor church services during a sacred holiday season, but let grocery stores and large retailers like Costco and Best Buy stay open inside at 25 percent capacity. The order showed a shocking disregard for the law, particularly during the Holy Season and especially for a governor that has demanded complete fealty to his orders.
Mike Sabo
Mike Sabo is the editor of RealClear’s American Civics portal. He is a graduate of the Van Andel Graduate School of Statesmanship at Hillsdale College. He and his wife live in Cincinnati, Ohio.