States are ramping up efforts to tax the super rich
It’s clearer than ever that the effects of the national rise in economic inequality are spilling over into local communities. With the federal government lacking the necessary urgency to respond to and address the crisis, states are taking matters into their own hands and proposing their own millionaire taxes. From coast to coast, officials have proposed all sorts of measures to raise the wealthy’s tax bills.
According to President Trump, the state of America’s union is STRONG, the Golden Age is upon us, and “we’re winning so much that we really don’t know what to do about it.” All true…for multimillionaires like us. For the 86% of Americans who are worried about the price of groceries? Not so much.
My name is Dr. Kaitlyn Henderson. I joined the Patriotic Millionaires four months ago as the organization’s Senior Director of Wage Policy and Legislative Affairs. I came from Oxfam America, where I was the Senior Researcher leading their domestic portfolio on wages and labor and the staff-elected board member.
Like many Americans, one of our favorite films to watch this time of year is Frank Capra’s 1946 It’s a Wonderful Life. Outside of being a holiday classic, it is consistently ranked as one of the greatest movies ever made.
When we think about the holidays and the season of giving, we can’t help but feel some nostalgia for Toys “R” Us, the toy superstore which closed its doors in 2018. But in all honesty that nostalgia brings with it anger towards the two-word culprit responsible for Toys “R” Us’ demise: private equity.
President Trump can’t seem to make up his mind as to whether America is suffering an affordability crisis. One day he declares himself the “AFFORDABILITY PRESIDENT” on social media for his efforts to lower prescription drug prices. Three days later, he says that affordability “doesn’t mean anything to anybody” and is a “fake narrative” and “con job” cooked up by Democrats.
That’s a Wrap: Patriotic Millionaires’ 2025 Fall Member Summit
Last week, our millionaire members flocked to Washington, D.C., from every corner of the country to do two hugely important things: discuss the biggest problem plaguing America today—MONEY—and get the message out about the solution we have to it: The MONEY Agenda.
A Closer Look: Obscene CEO pay is bad for business and society
CEOs getting paid 281 times more than their workers is most assuredly a problem. But one CEO receiving a trillion-dollar pay package that’s 17 million times more than what their workers are paid is a whole different story.
A Closer Look: Zohran gave Democrats a blueprint to win
We’ve been saying this for years, but Zohran Mamdani’s victory last night in the New York City mayoral election made it abundantly clear: economic populism is the way forward for Democrats to win back the affections of working people.
As we enter the final days of October and nearly a month into the government shutdown, it’s worth taking time to examine the economic activity in the United States and what we can anticipate in the coming months.
A Closer Look: Ghosts, witches, vampires…and broligarchs?!
We are in the final days of “spooky season,” but luckily for us, we don’t get scared by all the ghosts, witches, vampires, and black cats that make a big appearance this time of year. But what we are spooked by is the inner workings of the minds of broligarchs.
A Closer Look: To billionaire or not to billionaire, that is the question
There are nuanced conversations to be had in defining how much is too much when it comes to personal wealth. Today, we’re ready to take on that challenge and start by saying this: $1 billion is more than enough.
A Closer Look: Extreme wealth is a global problem. We have global solutions.
If money knows no borders, it shouldn’t be surprising that neither does our message. It’s universal and relevant to countries across the globe. That’s why each fall and spring, it’s important to us that we take our message to some of the world’s brightest economic and financial leaders during the Annual Meetings of the World Bank Group and International Monetary Fund (IMF).
