First $1 Billion, Now $50 Million: Rep. Khanna Says Wealth Tax “Must Not Stop at Billionaires”

Jul 4th 2026 11:27am EDT

Rep. Ro Khanna (D-CA) – fresh off endorsing California’s November ballot measure to seize 5% of billionaire wealth – published a Substack essay Wednesday titled, no really, “Why I Support a Billionaire Wealth Tax.” He makes it roughly a dozen paragraphs before explaining that it isn’t one. “The tax should not stop at billionaires, it […]

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