Poll: Voters Say Billionaires Pay Too Little in Taxes, Back Government Action on Inequality

"A new Economist/YouGov poll published this week indicates that a majority of Americans are supportive of higher taxes on the rich, and believe that the federal government has an obligation to address wealth inequality. Asked whether they think billionaires in the U.S. are taxed either too much or too little, 61 percent said billionaires' tax rates were either "somewhat too low" or "much too low." Eighteen percent said they were happy with how billionaires are currently being taxed, while 14 percent expressed uncertainty."

"Even among 2024 Trump voters, a plurality (34 percent) felt that taxes on billionaires were too low, while just 12 percent said that taxes on billionaires were too high. A majority of the poll's respondents, 80 percent, said they believe the rich have too much political power in the U.S. Only 8 percent said the rich do not have too much political power. Only 6 percent said that the wealth gap wasn't a problem at all."

An Economist/YouGov poll found 61 percent of Americans say billionaires' tax rates are either "somewhat too low" or "much too low," while 18 percent approve current rates and 14 percent are uncertain. Among 2024 Trump voters, 34 percent felt billionaire taxes were too low while 12 percent said they were too high. Eighty percent said the rich have too much political power and only 8 percent disagreed. Eight in ten Americans called the wealth gap a problem, with 52 percent calling it "very big" and 28 percent "somewhat big." Fifty-seven percent said lawmakers should pursue policies to reduce the wealth gap; 22 percent said the federal government should not try.

Read at Truthout