# American democracy’s survival depends on taxing billionaires

https://mins.news/en/item/117243

- The Guardian, 2026-10-27 11:00 UTC
- Politics
- Original: https://www.theguardian.com/us-news/2026/oct/27/democracy-tax-billionaires

> The article argues that taxing billionaires is essential both to fund public goods and restore a sense of fairness, and says the issue bears on the survival of US democracy. California plans a vote on Proposition 40, a one-time 5% wealth tax on billionaires living in the state on 1 January; supporters cite potential revenue, while opponents fear wealthy residents will leave.

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