Tax the Greedy Billionaires

@taxgreed

For our economy, our democracy, and our planet — it's time to tax billionaires now.

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Tax the Greedy Billionaires@taxgreed· 19d

Usually the billionaire class doesn't say the quiet part quite this loudly, but Shopify CEO Tobi Lutke just did. Americans know all too well that billionaires like Musk use their excessive wealth to undermine our country's principle of one person, one vote—and we've had enough.

Shopify CEO says a “good system” would give 0 votes to those who pay no income tax, while increasing votes for higher taxpayers, capped at 5.

Tax the Greedy Billionaires@taxgreed· Jul 3

The current concentration of wealth in America is precisely the oligarchic threat the founders feared. Today, working Americans are priced out of housing, health care, and child care. The upward mobility of previous generations has been erased by billionaires acting like kings.

Tax the Greedy Billionaires@taxgreed· Jul 3

Trump’s messy 250th anniversary celebrations embody the very corruption our founders warned against. Rather than celebrate the U.S. and the people who made our country what it is today, Trump and his cronies have leveraged this landmark anniversary to further enrich themselves.

Tax the Greedy Billionaires@taxgreed· Jun 26

After failing to remove a billionaire wealth tax from the California ballot, Governor @gavinnewsom.bsky.social has unveiled a "new" billionaire tax proposal of his own. But Newsom's plan only offers reheated reforms from 15 years ago that wouldn't tax the excessive wealth of billionaires.

Tax the Greedy Billionaires@taxgreed· Jun 15

Our lawmakers have ignored the crisis of extreme wealth for so long that we now have the world’s first trillionaire. This should be a wakeup call. We need to tax the ultra-rich in a serious way that actually reduces their wealth and decreases the power they hold over our lives.

Tax the Greedy Billionaires@taxgreed· Jun 12

Elon Musk built his obscene wealth on the backs of hardworking Americans and leveraged his unprecedented power to further rig the system in his favor. Lawmakers must pursue bold tax policies that not only slow the accumulation of extreme wealth, but reverse it.

Tax the Greedy Billionaires@taxgreed· Jun 12

Elon Musk became the world's first trillionaire because our tax system shields the wealth of the ultra-rich from taxation while requiring working people to pay taxes on every paycheck. Today’s milestone underscores the imperative to tax wealth and make the ultra-rich LESS rich.

A Modest Wealth Tax Would Have Dramatically Slowed Down Elon Musk’s Fortune. If the Five and Dime wealth tax had been in place from 2015 until 2026, Elon Musk would be worth $285 billion – that’s 72% less than his current $1 trillion net worth.

Tax the Greedy Billionaires@taxgreed· Jun 4

Team Tax the Greedy Billionaires is at @netrootsnation.bsky.social this week! Drop by booth 501, say hello, learn more about our work, snag some swag, and get entered in our raffle!

Tax the Greedy Billionaires@taxgreed· May 4

Extreme concentrations of wealth and power reshape our culture and threaten our democracy. Jeff Bezos sponsoring the Met Gala is a prime example. This is not philanthropy, it is influence bought and paid for. End the oligarchy. Tax the Super-Rich! #TaxTheSuperRich #MetGala

“To give working people a fighting chance, we have to tax extreme wealth and shrink its power.” Igor Volsky, Campaign Director, Tax the Greedy Billionaires.

Tax the Greedy Billionaires@taxgreed· May 4

The ultra-wealthy are rewriting the rules of society to serve their own interests. At the center is Jeff Bezos, who is using the Met Gala tonight as an opportunity to launder his public image. End the oligarchy. Tax the Super-Rich! #TaxTheSuperRich #MetGala

Don’t honour him. Jeff Bezos sponsoring the Met Gala isn’t philanthropy. It’s an oligarch laundering his private image.

Tax the Greedy Billionaires@taxgreed· Apr 29

This Friday, we're saying it loud and clear: #WorkersOverBillionaires Billionaires have broken every rule and we refuse to go along with it any more. #MayDay will be a day of rallies, marches, teach-ins, walkouts, and a refusal of business-as-usual. Get involved at maydaystrong.org

Friday, May 1, 2026: Workers Over Billionaires. No work, no school, no shopping. MayDayStrong.org

Tax the Greedy Billionaires@taxgreed· Apr 27

Billionaires have broken every rule and we refuse to go along with it any more. This #MayDay, we’re making a clear demand: #WorkersOverBillionaires. May 1st will be a day of rallies, marches, teach-ins, walkouts, and a refusal of business-as-usual. Learn more and find an event: maydaystrong.org

Friday, May 1, 2026: Workers Over Billionaires. Show the billionaires who have rigged the economy against working families that there are more of us than them. Find an event at MayDayStrong.org

Tax the Greedy Billionaires@taxgreed· Apr 17

"What we're increasingly seeing is not necessarily earning, but extraction. Extracting money from basic necessities, or as we're seeing with the conversation around AI, extracting everyone's work and everyone's knowledge and putting it into these powerful models."

Tax the Greedy Billionaires@taxgreed· Apr 15

Our 5 & Dime Wealth Tax would raise $6.8 trillion over 10 years – even factoring in the tax avoidance cheats the ultra-rich are so good at. Chipping away at billionaire wealth is crucial to rebalancing our society and giving power back to the overwhelming majority of Americans.

Tax the Greedy Billionaires@taxgreed· Mar 31

Turns out taxing billionaires is popular – REALLY popular. Our latest poll with Impact Research shows that not only do 77% of voters support raising taxes on billionaires, they prefer candidates who are ready to raise taxes on billionaires by a wide margin.

77% of voters support raising taxes on billionaires.

Tax the Greedy Billionaires@taxgreed· Mar 10

The AI boom is pushing US wealth concentration further into uncharted territory. That's great news for the 50 new billionaires minted by the AI sector in 2025, but terrible for the everyday Americans facing rising energy costs, rising computer costs, and data center impacts in their communities.

X Post from Gabriel Zucman: "The pace at which US wealth concentration is rising is simply staggering

The concentration of AI wealth into the hands of a few tech barons + plutocratic capture = unchartered territory"

Tax the Greedy Billionaires@taxgreed· Feb 24

"Are we a nation that protects billionaires [...] at the expense of families that really need protection?" This question, posed by Jay Williams at @fobaction.bsky.social's town hall last night, will be front of mind during the State of the Union tonight.

Tax the Greedy Billionaires@taxgreed· Feb 20

"The billionaire class no longer sees itself as part of American society. They see themselves as something separate and apart. Like the oligarchs of the 18th and 19th centuries, these guys literally believe that they have the divine right to rule and are no longer subject to democratic governments."

Tax the Greedy Billionaires@taxgreed· Feb 19

Mark Zuckerberg bought a new home in Florida to protest a proposed billionaire wealth tax in California. Other CA billionaires are literally moving Picassos out of state to hide their wealth from a tax that would allow millions of Californians to access health care. Tax these greedy billionaires.

Tax the Greedy Billionaires@taxgreed· Feb 19

Billionaires like Google co-founder Sergey Brin are spending millions to fight a proposed California wealth tax that would use the revenue to safeguard the state's healthcare system for millions of Californians. Brin is currently the 3rd-richest person in the world with a net worth of $230 billion.

Tax the Greedy Billionaires@taxgreed· Feb 10

After mass layoffs at the Washington Post last week, Washington Post Tech Guild members and affected employees came together to send a message to Jeff Bezos and speak out about the consequences of billionaire-controlled media.

Tax the Greedy Billionaires@taxgreed· Feb 6

Jeff Bezos decimated The Washington Post this week, laying off around 30% of its workforce. Yesterday, we joined current and former Washington Post employees outside the Post's DC headquarters and the people there could see these layoffs for what they are: billionaire greed.

Tax the Greedy Billionaires@taxgreed· Feb 3

Building, then taking.

These billionaires steal from you. They created products, services, and experiences that millions of people are forced to use due to lack of competition in a marketplace distorted by extreme wealth consolidation.

They make sneaky deals with utility companies to shift their electricity costs onto you while they pocket the profits. They buy up large employers from Toys R Us to Joann Fabrics, take out loans to give themselves big paydays, and then lay off thousands of employees when the companies go bankrupt.

Jeff Bezos: Built a store that crushed independent retailers, violated basic worker protections to squeeze every penny from its workforce, copied small sellers' products, and now has monopolistic power over the marketplace where entrepreneurs must sell—going so far as to force sellers to raise their prices on other platforms.

Larry Page & Sergey Brin: Made the world's information accessible to everyone, for free, by harvesting our private data and building a monopolistic ad machine found by U.S. courts to have violated antitrust law in search and in open-web advertising, extracting 36 cents from every advertising dollar while crushing competitors.

Brian Chesky: Created Airbnb, converting scarce single-family homes into short- term rentals and driving up rents by 3-30% in major cities.

Regulate power, not ambition.Of course, not all billionaires are good people. Some extract rather than create wealth. Some use their resources to cause serious political harm. Once fortunes grow so massive that a few people can move markets, write the tax code, buy elections, and threaten to leave unless they get special treatment, the problem isn’t their personalities—it’s their power.

We believe people should be free to innovate, start companies, and build wealth. But no one should be so rich that they can dictate housing costs, working conditions, or climate policy for millions of people they never meet.

Beyond a certain threshold, private fortunes stop reflecting hard work and start functioning like private governments. Extreme wealth deserves democratic limits, not automatic admiration. A robust wealth tax on fortunes above tens or hundreds of millions is how we make sure prosperity is widely shared—and that success in the marketplace doesn’t buy the power to rule the rest of us.

Tax the Greedy Billionaires@taxgreed· Feb 3

A proposed ballot initiative in California would impose a one-time 5% wealth tax on the state's billionaires to prevent California’s healthcare system from collapsing. Now an anonymous group is rushing to defend billionaires with a march, and we noticed some holes in their talking points.

A March in Support of California Billionaires? Are They Serious..?

A proposed ballot initiative in California would impose a one-time, 5% wealth tax on the state’s 200 or so billionaires—and they’re not happy about it.

One group is organizing a march in San Francisco this weekend in support of the poor, harassed billionaires.

We noticed a few glaring issues with the messaging on their website, so we broke out our red pen to make some corrections.

March for Greed. Stand up for the monopolies, extractors, and oligarchs!

Vilifying billionaires is popular. Living under them is expensive.

Many made their fortunes building companies that employ thousands and solve real problems, but have grown so large and powerful they control our democracy, distort our markets, and extract wealth from the rest of us. Others simply inherited their vast wealth, while others have profited through high-stakes financial gambles backed by taxpayer money and outright fraud. Heads they win, tails we lose.

Their wealth is largely stock in those companies, which means they borrow against it tax-free to fund lavish lifestyles and pass it to heirs with minimal taxation—all while paying a lower tax rate than working families.

California benefits enormously when entrepreneurs choose to build here, which they do because of the public goods and services—like high quality education, infrastructure, and public health—that are funded by tax dollars to foster a world-class workforce. But we all lose when they use their economic power to contort housing, health care, and childcare markets to enrich themselves. We're currently watching them threaten to leave rather than pay a relatively small one-time tax to help provide health care to the workforce who built their companies.

The Billionaire Tax Act has already pushed the founders of Google to leave the state because they refuse to pay a small one-time tax, after which their combined net worth will still be approximately $508,920,000,000.

Tax the Greedy Billionaires@taxgreed· Jan 19

When Dr. King wrote these words in 1963, the richest man in the world was J. Paul Getty, with a fortune totaling around $1 billion. Today, the richest man in the world is worth $780 billion and having $1 billion wouldn't even make you one of the 400 richest people in the world.

“God never intended for one group of people to live in superfluous inordinate wealth, while others live in abject deadening poverty.” – Dr. Martin Luther King, Jr.

Tax the Greedy Billionaires@taxgreed· Jan 14

A proposed California ballot measure would give residents the chance to vote on a one-time 5% billionaire wealth tax. Taxing the state's 200 or so billionaires could raise billions of dollars for health care services, so why is @governor.ca.gov opposing it? www.nytimes.com/2026/01/13/u...

A one-time 5% wealth tax on California billionaires could raise billions of dollars for health care. So why is Governor Newsom fighting against the initiative? Inset screenshot of a New York Times article, which reads, “Newsom Vows to Stop Proposed Billionaire Tax in California.
Gov. Gavin Newsom said he was working behind the scenes to block a proposed tax on billionaires’ wealth and was committed to defeating the measure if it reached the ballot.”

Tax the Greedy Billionaires@taxgreed· Jan 7

A proposed ballot measure in California would require billionaires to pay a one-time 5% tax on their wealth. As some billionaires threaten to leave, NVIDIA CEO Jensen Huang says, "I'm perfectly fine with it." NVIDIA will continue to operate in California because "that's where the talent pool is."

Tax the Greedy Billionaires@taxgreed· Jan 7

The billionaire CEOs of companies like Facebook and Google have spent decades mining our data and invading our lives for their own profit – but it's more insidious than that. Tech companies built information monopolies that radically reshaped our relationship with the truth.

Tax the Greedy Billionaires@taxgreed· Jan 2

This is the energy we're bringing into 2026. America's extreme inequality is no accident, it's the consequence of a system that allowed billionaires to rig the economy in their favor. Taxing billionaires is the key to taking back our democracy and rebuilding the middle class.

Tweet from Robert Reich: "Poverty is a policy choice. Concentrated wealth is a policy choice. Inequality is a policy choice. None of it is natural or inevitable. Remember: We have the power to build a system that serves the many, not the powerful few."

Tax the Greedy Billionaires@taxgreed· Dec 31

Taxing the ultra-wealthy is a moral imperative. America's rampant inequality is fueling the affordability crisis, destroying our planet, and demolishing our democracy. Thank you to everyone who helped us hit the ground running in 2025, we look forward to carrying this momentum into the new year.