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The Truth About Taxing the Rich: Deficits, Migration, Fewer Jobs

Summary by NewsBusters
“Tax the rich!” shout progressives. Why not? America’s richest people are ridiculously rich. “Five bucks to you is like $6 million to billionaire Jeff Bezos!” shrieks Sen. Elizabeth Warren. Taking more from billionaires and millionaires just seems fair. That’s why Washington state passed a new “millionaire’s tax,” California will soon vote on a “billionaire’s tax,” and my mayor in NYC shouts, “increase taxes on the wealthiest New Yorkers!” Don’t…
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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NewsBusters broke the news in Washington, United States on Friday, April 10, 2026.
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