Wire report
The survival of American democracy depends on taxing billionaires
It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness Money doesn’t buy happiness, we’re told. Even some economists agree. The Nobel prize-winning economists Daniel Kahneman and Angus Deaton once proposed that rising income increased people’s emotional wellbeing only up to a ceiling of about $115,000 in today’s money. They probably hadn’t met many billionaires. The ultra-rich may not pursue happiness in the joyful sense of the word. But they will try every trick in the book to hang on to their stash and woe betide the tax authority that tries to lay a finger on their treasure. Continue reading...
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It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness Money doesn’t buy happiness, we’re told. Even some economists agree. The Nobel prize-winning economists Daniel Kahneman and Angus Deaton once proposed that rising income increased people’s emotional wellbeing only up to a ceiling of about $115,000 in today’s money. They probably hadn’t met many billionaires. The ultra-rich may not pursue happiness in the joyful sense of the word. But they will try every trick in the book to hang on to their stash and woe betide the tax authority that tries to lay a finger on their treasure. Continue reading...
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What happened
According to The Guardian’s source item, The survival of American democracy depends on taxing billionaires, It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness Money doesn’t buy happiness, we’re told. Even some economists agree. The Nobel prize-winning economists Daniel Kahneman and Angus Deaton once proposed that rising income increased people’s emotional wellbeing only up to a ceiling of about $115,000 in today’s money. They probably hadn’t met many billionaires. The ultra-rich may not pursue happiness in the joyful sense of the word. But they will try every trick in the book to hang on to their stash and woe betide the tax authority that tries to lay a finger on their treasure. Continue reading…
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-10-27T11:00:36+00:00.
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Source
Primary source: The survival of American democracy depends on taxing billionaires via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- The survival of American democracy depends on taxing billionairesThe Guardian - 2026-10-27T11:00:36+00:00
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