Manhattan Institute Issues Commentary to Bloomberg Opinion: Taxing the Wealthy Won't Reduce Their Power
May 02, 2026
May 02, 2026
NEW YORK, May 2 -- The Manhattan Institute issued the following excerpts of a commentary on May 1, 2026, by senior fellow Allison Schrager to Bloomberg Opinion:
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Taxing the Wealthy Won't Reduce Their Power
It's happening. California looks likely to put a "one-time" tax of 5% on wealth above $1 billion on the ballot in November, and polls suggest it could pass -- despite opposition from some economists (not so surprising) and Democra . . .
* * *
Taxing the Wealthy Won't Reduce Their Power
It's happening. California looks likely to put a "one-time" tax of 5% on wealth above $1 billion on the ballot in November, and polls suggest it could pass -- despite opposition from some economists (not so surprising) and Democra . . .