A Closer Look: Yes, the economy is stupid, but voters aren’t.
It’s hard to believe, but we’re six days away from Election Day. And while pundits are obsessing over polls and prediction markets to get a sense of how things will shake out next Tuesday, we know the one thing that is the real bellwether for this election cycle. Reporting from The Washington Post found that 60% of families in battleground districts across the country can’t afford basic essentials.
As promised, we wanted to send out a second Closer Look this week to share additional key information about Prop 40 before Election Day. Prop 40 could become the first tax on billionaires in history, and in the words of Six Nobel Prize-winning economists, could “…kickstart a movement to tax ultra-high-net-worth individuals in other states—and eventually at the federal level and in other countries.”
We’ve made a lot of noise about California’s Proposition 40 over the last few months. But today, with just two weeks to go until the election, we’ve turned up the volume big time and released two products—an open letter and a poll—in support of the one-time tax on Golden State billionaires.
A Closer Look: The Critical Role of Consistency in Tax Policy Advocacy
It appears some of our allies have taken a liking to the Swiss cheese tax code that Trump and Republicans made worse with their 2025 tax law. As for us, we like to think we have a sharper palate.
A Closer Look: Yes, the economy is stupid, but voters aren’t.
It’s hard to believe, but we’re six days away from Election Day. And while pundits are obsessing over polls and prediction markets to get a sense of how things will shake out next Tuesday, we know the one thing that is the real bellwether for this election cycle. Reporting from The Washington Post found that 60% of families in battleground districts across the country can’t afford basic essentials.
As promised, we wanted to send out a second Closer Look this week to share additional key information about Prop 40 before Election Day. Prop 40 could become the first tax on billionaires in history, and in the words of Six Nobel Prize-winning economists, could “…kickstart a movement to tax ultra-high-net-worth individuals in other states—and eventually at the federal level and in other countries.”
We’ve made a lot of noise about California’s Proposition 40 over the last few months. But today, with just two weeks to go until the election, we’ve turned up the volume big time and released two products—an open letter and a poll—in support of the one-time tax on Golden State billionaires.
A Closer Look: The Critical Role of Consistency in Tax Policy Advocacy
It appears some of our allies have taken a liking to the Swiss cheese tax code that Trump and Republicans made worse with their 2025 tax law. As for us, we like to think we have a sharper palate.
A YouGov poll on California millionaires found support among the group for raising taxes on the wealthy, including majority support for Prop 40, the one-time, 5% tax on billionaires.
A Closer Look: No Tax on Everything—The Tax Mess Trump Has Left Us
I wanted to take the pen for this week’s Closer Look to share a piece that I wrote for my Substack last month in support of the Working Americans’ Tax Cut Act. I designed this legislation as the second part of the Patriotic Millionaires’ legislative platform, The MONEY Agenda.
A Member Spotlight: It’s high time for some common sense on taxes
My name is Todd Oppenheimer, and I’m one of 200 high-net-worth members of the Patriotic Millionaires. We usually write our weekly “Closer Look” newsletter in the collective voice of all our members, but this week the organization gave me the pen for a new offering we’ve started called “A Member Spotlight,” which offers a deep dive into issues around economic inequality from the perspective of one of our millionaire members.
A Closer Look: We need the Prosperity for American Workers Act
What we have right now—major corporations running human exploitation schemes—is not working. We need a better solution than relying on these companies to do the right thing on their own—which is to raise the wages of the employees who bring them their fortunes. Fortunately, we have one in The MONEY Agenda: Prosperity for American Workers Act.
A Closer Look: Of the people, by the people, and for the people
When it comes to elections, money is necessary…but it’s not sufficient. While lax campaign finance rules and legal loopholes permit wealthy donors to promote their preferred candidates and causes, it isn’t the full picture.
A Closer Look: “The money’s agenda” vs. “The MONEY Agenda”
There’s a difference between “the money’s agenda” and “The MONEY Agenda.” One is centered on the interests of oligarchs and concentrating their influence and power, while the other is a policy plan that will save democratic capitalism and ensure economic prosperity in America for years to come.
A Closer Look: “The woman worker needs bread, but she needs roses too.”
At Patriotic Millionaires, we like to use holidays to highlight areas of the economic justice space that often get overlooked. In keeping with tradition, for this year’s Labor Day, we would like to spotlight the critical role that women have played and continue to play in America’s labor movement.
