The Wealth Tax Is Popular but Faces Serious Obstacles ^38.1%

Jacobin - By Conor Lynch - 6/29/2026, 9:50 AM

Negativity Bias 21.9% - Appeal to Authority 17.8% - Post Hoc (False Cause) 17.1%

The United States’ descent into oligarchy was first gradual, then swift. While the ultrarich have been steadily accumulating political power for decades, the election of Donald Trump in 2024 rapidly accelerated the process. Since then, the country’s oligarchs have grown increasingly brazen in their takeover of America’s political,... more