The real reason it’s hard to tax billionaires is because they’re the ones in charge.
By Christopher Orlet, CounterPunch
A recent NPR story attempted to explain why it is so hard to tax billionaires. The expert NPR interviewed for the story ticked off the usual ways the 1 percent avoids paying its fair share of taxes:
Billionaires have the best accountants who know all the loopholes. Their wealth isn’t in income, but in assets. They often move to states (like Texas) that don’t have a state income tax, and move their money to offshore tax havens. They live off tax free loans. Legislation to tax billionaires goes nowhere because wealthy coal barons like Democratic Senator Joe Manchin don’t believe in taxing the “job creators,” a notion that has been debunked again and again. (Basically a thriving middle class creates jobs, while billionaires invest their profits in real estate.)

What NPR didn’t say, and what the corporate and corporate-sponsored media never say, is that it is hard to tax billionaires because billionaires rule America and they don’t want to be taxed.
“We live in a nation owned and controlled by a small number of multi-billionaires,” says U.S. Sen. Bernie Sanders.
Our political system is now “an oligarchy with unlimited political bribery,” says former President Jimmy Carter.
Recent Posts
The Rage Of Billionaires And The Frenzy To Stop Zohran Mamdani From Becoming New York’s Mayor
June 30, 2025
Take Action Now The constellation of forces now regrouping with a vengeance includes titans of Wall Street, enormous real estate interests,…
It’s Not Just The Cities. Extreme Heat Is A Growing Threat To Rural America.
June 28, 2025
Take Action Now The urban heat island sits in a rural heat ocean.By Umair Irfan, Vox Summer has officially begun with a blast of scorching…
Mamdani’s Massive Victory Should Show Democrats Where The Party’s Future Lies
June 27, 2025
Take Action Now NYC mayoral candidate Zohran Mamdani has thrown the drowning Democratic Party a life vest. Will its leaders use it?By Sam…
India Walton’s Advice For Zohran Mamdani
June 26, 2025
Take Action Now “I think that for him, the race ’til November needs to be staying on message—we can’t start to water it down…