{"ok":true,"trend":{"id":856408,"platform":"mastodon","region":"global","key":"yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% the primary reason for taxing them is to","title":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to","url":"https://mastodon.social/@DrALJONES/117380191260236166","first_seen":"2026-10-03T12:01:56.454518Z","last_seen":"2026-10-04T11:21:06.901774Z","last_rank":1,"peak_rank":1,"last_volume":26,"peak_volume":26,"seen_count":15,"score":111.34,"category_hint":"economy","section":"business","category":"economy","summary":"An economics commentator is arguing that billionaires should be taxed at over 90%, in the style of mid-century rates on robber-baron-era fortunes. The argument is that the goal of such taxation should not be raising revenue, since a sovereign currency issuer does not need billionaires' money, but reducing their political power, which the author says threatens democracy. The post has drawn modest engagement and echoes wider debate over wealth taxes and oligarchy.","why":"Debate over extreme wealth concentration and its threat to democracy is resurgent amid ongoing arguments about taxing the rich.","tone":"negative","entities":["billionaires","US federal government"],"summarized_at":"2026-10-04T12:08:50.885263Z","meta":{"tag":"economy","via":"scan","kind":"status","lang":"en","instance":"mastodon.social","tag_uses":92},"nw":null,"promo":null,"kind":null,"importance":null,"hidden":false,"hide_reason":null,"judged_at":null,"title_en":"Calls Grow for 90% Taxes to Strip Billionaires of Power","section_name":"Business","category_name":"Economy","timeline":[{"captured_at":"2026-10-03T12:01:56.454518Z","rank":2,"volume":8},{"captured_at":"2026-10-03T13:24:22.510569Z","rank":1,"volume":9},{"captured_at":"2026-10-03T15:47:56.133595Z","rank":8,"volume":7},{"captured_at":"2026-10-03T16:08:18.288768Z","rank":1,"volume":8},{"captured_at":"2026-10-03T17:30:30.567056Z","rank":1,"volume":10},{"captured_at":"2026-10-03T18:52:18.639221Z","rank":2,"volume":16},{"captured_at":"2026-10-03T20:15:00.576690Z","rank":2,"volume":18},{"captured_at":"2026-10-03T21:38:15.638745Z","rank":2,"volume":22},{"captured_at":"2026-10-04T03:07:32.056308Z","rank":2,"volume":5},{"captured_at":"2026-10-04T04:29:53.093171Z","rank":1,"volume":8},{"captured_at":"2026-10-04T05:51:52.929282Z","rank":1,"volume":8},{"captured_at":"2026-10-04T07:14:34.289695Z","rank":1,"volume":22},{"captured_at":"2026-10-04T08:36:56.423867Z","rank":1,"volume":24},{"captured_at":"2026-10-04T09:58:57.053175Z","rank":1,"volume":26},{"captured_at":"2026-10-04T11:21:06.901774Z","rank":1,"volume":26}],"posts":[{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117380191260236166","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can…","posted_at":"2026-10-04T02:06:18.559000Z","likes":26},{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117377550765466482","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can…","posted_at":"2026-10-03T14:54:47.810000Z","likes":22},{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117375873723763718","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 90+% The primary reason for taxing them is to *decrease their power*, eg, to destroy democracy. The feds do *not* need oligarch money for fed spending. As a sovereign currency issuer, the feds can…","posted_at":"2026-10-03T07:48:18.187000Z","likes":9}],"elsewhere":[],"window":"7d"}}