1. United States
2. Calif.
3. Letter

Pass a wealth tax on billionaires. The concentration of wealth at the very top has reached a point where a handful of individuals hold more than the bottom half of the country combined, and the tax code lets them pay lower effective rates than teachers and nurses. That is not a market outcome — it is a policy choice, and you have the power to change it. Unrealized gains, trust loopholes, and stepped-up basis rules are the mechanisms that let extreme wealth compound tax-free across generations. Close them. A modest annual tax on net worth above $1 billion would generate hundreds of billions in revenue without touching the vast majority of Americans. The people who benefit most from this economy should contribute to it at a rate that reflects that benefit. Vote for a billionaire wealth tax.