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Why The Economist hates wealth taxes.
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this post was submitted on 15 Jun 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Shifting more of the tax burden from the working class to the wealthy reduces the ability of the wealthy to influence politics—that’s how you get leaders willing to prioritize workers over owners.
It's not a shift if you have a Republican Congress and President who will not only give it all to their billionaire friends but run up a debt to give more than they took in taxes.