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Democrats Want To Eliminate The Wealthy So They Can Control Everyone Else

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08.07.2026

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Democrats Want To Eliminate The Wealthy So They Can Control Everyone Else

Solving America’s problems is not as simple as stealing from productive people.

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California Democrats, supported by prominent left-wing leaders across the country, have proposed a ballot measure for a “one-time wealth tax” on the Golden State’s billionaires. California is already in the top ten states for per capita taxes, with a net domestic migration of about two million residents since 2016. More than 250 billionaires live there, who collectively possess more than $2 trillion. Democrats in favor of the tax see a $100 billion windfall to shore up medical spending. But skeptics see a good reason for billionaires to flee the Left Coast for more pro-business destinations.

If only Democrats in California were an outlier in fiscally disastrous ideas. But no. Apparently, they all suffer fever dreams of America’s wealthy swimming in gold like Scrooge McDuck.

Voices across the Left seem to think that solving America’s problems is as simple as transferring wealth from a few bank accounts to many. Yet such state intervention would not only accomplish the opposite, but empower government to control (and impoverish) ordinary citizens.

Complaints About The Wealthy Are A Bait and Switch

Granted, there are natural reasons for everyday Americans to bristle at hearing stories of billionaires and trillionaires. The tales of excess and unimaginable wealth is far removed from the experience of the average worker, whose median income is around $65,000 a year.

The uber-wealthy don’t have to worry about changes in grocery or gas prices, or whether they can afford a vacation this year. About one in 15 Americans are millionaires, which means it’s possible you know a........

© The Federalist