This report examines the growing wealth of billionaires and other ultra-high net worth individuals in Massachusetts — where voters will have the chance to levy a 4 percent surtax on those making more than $1 million a year this November.
When I wrote recently in CNN Business that there should be fewer billionaires in the United States, it was nothing personal. The problem, as I wrote, isn’t a few individuals making money. It’s the whole system that allows their wealth to balloon, all at the expense of everything else we care about – including our democracy.
My colleague Sarah Gertler illustrated – literally – how this system works for us! Take a look and read the full article to learn more about the corrosive impact of billionaire wealth on our democracy.