Justice Archives - KDA Keeping Democracy Alive Podcast & Radio Show · Burt Cohen

Inspiration from Massachusetts: A New Wealth Tax Works

·58 min·1 clip

Wealth concentration tripled in 50 years—and the richest 1% subsidize private jets that pollute 10x more per passenger.

Keeping Democracy Alive Episode features Institute for Policy Studies' Sam Pizzagatti discussing wealth inequality and the success of Massachusetts's Fair Share Amendment. Using historical tax rate comparisons (94% under WWII, 91% under Eisenhower, 28% under Reagan), Pizzagatti demonstrates the acceleration of wealth concentration from 7% top 1% income share in 1970s to 25% today. The episode details how Massachusetts's Raise Up coalition of 150 organizations secured a 4% millionaire tax approved by voters in 2022 and implemented in 2023, providing a successful model for addressing structural inequality. International precedents like Norway's wealth tax on all assets demonstrate policy viability.

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