Rep. Ro Khanna (D-Calif.) said the concentration of wealth among U.S. billionaires has reached levels he compared with the Gilded Age, calling for a tax on billionaire wealth.
In a post on X on Thursday, Khanna said about 900 billionaires are worth 22% of U.S. GDP and argued that taxing their wealth could raise $4 trillion over 10 years. He also discussed the proposal in an NPR interview with Steve Inskeep published Thursday.
