{"ok":true,"trend":{"id":978505,"platform":"mastodon","region":"global","key":"yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% the primary reason for taxing them is to","title":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% The primary reason for taxing them is to","url":"https://mastodon.social/@DrALJONES/117388400003639487","first_seen":"2026-10-04T11:21:06.901774Z","last_seen":"2026-10-05T16:07:33.302397Z","last_rank":1,"peak_rank":1,"last_volume":12,"peak_volume":24,"seen_count":15,"score":110.05,"category_hint":"economy","section":"business","category":"economy","summary":"An economist argues billionaires should be taxed at rates as high as 94%, in the tradition of measures used against America's robber barons. The argument is that the primary purpose is to reduce their political power, which is described as a threat to democracy, rather than to raise revenue, since a sovereign currency issuer does not need billionaires' money to fund spending.","why":"Ongoing debates over extreme wealth inequality and billionaire influence on politics keep the idea of punitive wealth taxation in circulation.","tone":"mixed","entities":["billionaires","United States federal government"],"summarized_at":"2026-10-05T10:54:34.355000Z","meta":{"tag":"economy","via":"scan","kind":"status","lang":"en","instance":"mastodon.social","tag_uses":122},"nw":null,"promo":null,"kind":null,"importance":null,"hidden":false,"hide_reason":null,"judged_at":null,"title_en":"Calls grow to tax billionaires out of existence","section_name":"Business","category_name":"Economy","timeline":[{"captured_at":"2026-10-04T11:21:06.901774Z","rank":3,"volume":6},{"captured_at":"2026-10-04T12:22:58.244338Z","rank":7,"volume":10},{"captured_at":"2026-10-04T12:43:06.475445Z","rank":2,"volume":10},{"captured_at":"2026-10-04T14:05:00.893860Z","rank":2,"volume":11},{"captured_at":"2026-10-04T15:27:42.160895Z","rank":1,"volume":13},{"captured_at":"2026-10-04T16:49:43.077322Z","rank":1,"volume":24},{"captured_at":"2026-10-05T04:50:28.858848Z","rank":9,"volume":6},{"captured_at":"2026-10-05T05:10:27.186524Z","rank":2,"volume":6},{"captured_at":"2026-10-05T06:12:27.199845Z","rank":9,"volume":8},{"captured_at":"2026-10-05T06:32:50.055677Z","rank":1,"volume":8},{"captured_at":"2026-10-05T07:54:52.354102Z","rank":1,"volume":9},{"captured_at":"2026-10-05T09:16:51.341056Z","rank":1,"volume":11},{"captured_at":"2026-10-05T13:23:12.385614Z","rank":1,"volume":5},{"captured_at":"2026-10-05T14:45:32.909157Z","rank":1,"volume":11},{"captured_at":"2026-10-05T16:07:33.302397Z","rank":1,"volume":12}],"posts":[{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117382316871580718","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% 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 *never*…","posted_at":"2026-10-04T11:06:52.814000Z","likes":24},{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117388400003639487","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% 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 *never*…","posted_at":"2026-10-05T12:53:54.051000Z","likes":12},{"platform":"mastodon","url":"https://mastodon.social/@DrALJONES/117386236960648452","author":"DrALJONES","title":null,"snippet":"Yes, billionaires must be taxed out of existence - eg, robber-baron style: 94% 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 *never*…","posted_at":"2026-10-05T03:43:48.625000Z","likes":11}],"elsewhere":[],"window":"7d"}}