Billionaire Tax Tricks Could Put Economy at Risk, WSJ Reports
A Wall Street Journal report highlighted by Common Dreams argues billionaire tax-avoidance and rising wealth concentration threaten the U.S. economy, detailing strategies like stock-based pay, debt-financed living, and the “buy, borrow, die” scheme. It notes California’s wealth‑tax debate and data showing the richest 1% have grown their share of wealth since 1990. The piece warns that if AI accelerates displacement, the biggest gains could go to shareholders while workers see lagging wage growth, raising questions about future tax policy as the economy faces potential market downturns.
