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Top Dems Sanders and Reich ramp up billionaire tax push, say wealthy have ‘addiction’ to greed

Sanders and Reich call billionaire greed an addiction and back California's 5% one-time wealth tax amid New York's $5.4 billion budget gap, citing $5.7 billion revenue gains in Massachusetts.

Summary by Fox Business
Sen. Bernie Sanders and former Labor Secretary Robert Reich are escalating their attacks on America’s wealthiest individuals, accusing the "billionaire class" of having an "addiction" to greed as they push aggressive new tax hikes in solidly Democratic states like California and New York."Governors Hochul and Newsom: Don’t worry about raising taxes on the rich. True, a few rich people may abandon New York or California if taxes on them are raise…

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Fox Business broke the news in United States on Thursday, February 19, 2026.
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