Jim Hightower's Radio Lowdown

Oh, the Horror! Billionaires Threatened with Taxation!


Listen Later

We Americans are barraged these days with multiple crises, so, I hate to add anything else to our list of worries.

But I’m told this one is an epic disaster, so we must respond! It started in California, and one financial leader there now calls it “the greatest tragedy this state has ever felt.” Holy Titanic! What can it be?

Uh… it’s a tax. Does that mean it would add to the burden of hard-hit poor and middle-class families? No, it wouldn’t apply to them at all, or even to mere millionaires. Rather, it’s a ballot initiative to put a one-time wealth tax on the über-rich – the billionaire class. Indeed, only about 200 royally rich California folks would pay anything under this proposal.

But those billionaires are squealing like stuck pigs, and they’ve hired hoards of lobbyists, lawyers, PR flacks, and front groups to try killing the proposal. Such overprivileged plutocratic ninnies as Peter Thiel and Mark Zuckerberg have even declared that, By Gollies, they will just pack up and leave California if required to pay a pittance of their fortunes to support the basic needs of common people.

Californians, though, seem not to care. In recent surveys, only 28 percent of the state’s voters oppose the wealth tax. Indeed, nationwide, 60 percent of us want billionaire tax dodgers to start paying their fair share.

People are sick of the greed of… well let’s call them what they are: The filthy rich. There’s a fast-spreading attitudinal shift from the right-wing’s long insistence that the rich are to be admired and coddled. Instead, majorities today are reconnecting to the eternal truth that “The love of money is the root of all evil.”

Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
...more
View all episodesView all episodes
Download on the App Store

Jim Hightower's Radio LowdownBy Jim Hightower

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

338 ratings


More shows like Jim Hightower's Radio Lowdown

View all
The Rachel Maddow Show by Rachel Maddow, MS NOW

The Rachel Maddow Show

37,329 Listeners

Political Gabfest by Slate Podcasts

Political Gabfest

8,477 Listeners

Democracy Now! Audio by Democracy Now!

Democracy Now! Audio

5,826 Listeners

The Nation Podcasts by The Nation Magazine

The Nation Podcasts

435 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,209 Listeners

The Intercept Briefing by The Intercept

The Intercept Briefing

6,125 Listeners

The DSR Network by The DSR Network

The DSR Network

1,800 Listeners

Stay Tuned with Preet by Preet Bharara

Stay Tuned with Preet

32,351 Listeners

The Hartmann Report by Thom Hartmann

The Hartmann Report

1,379 Listeners

Gaslit Nation by Andrea Chalupa

Gaslit Nation

3,964 Listeners

Pitchfork Economics with Nick Hanauer by Civic Ventures

Pitchfork Economics with Nick Hanauer

1,492 Listeners

The Al Franken Podcast by The Al Franken Podcast

The Al Franken Podcast

8,571 Listeners

Justice Matters with Glenn Kirschner by Crossover Media Group

Justice Matters with Glenn Kirschner

2,961 Listeners

Letters from an American by Heather Cox Richardson

Letters from an American

6,288 Listeners

The Coffee Klatch with Robert Reich by Robert Reich

The Coffee Klatch with Robert Reich

255 Listeners