"Last Tuesday, one of the 10 richest people in the world said he's "perfectly fine" with a proposed 5% wealth tax in California. Jensen Huang, the CEO of Nvidia, said he has not "not even thought about it once", even though he himself would be on the hook for $8 billion! The next day, it was announced that Oregon's 2025 transportation funding package is headed for repeal because the Legislature could not raise taxes to pay for it."
"This is in spite of Democratic supermajorities in both houses. At a time of historic wealth inequality, when the top 0.1% own 5 times more wealth than the bottom 50%, this juxtaposition is glaringly galling. If a gazillionaire is OK with taxes, those among us who are slightly less rich than him have no excuse. Some lucky few of us will soon have a say in the Democratic establishment's spinelessness."
Jensen Huang, NVIDIA CEO and one of the world's ten richest people, said he is "perfectly fine" with a proposed 5% California wealth tax and claimed not to have "not even thought about it once," despite facing an $8 billion liability. Oregon's 2025 transportation funding package is headed for repeal because the Legislature could not raise taxes to pay for it, even with Democratic supermajorities in both houses. Wealth inequality is historic, with the top 0.1% holding five times the wealth of the bottom 50%. Voters in OR House District 27 can back Dr Tammy Carpenter, who explicitly calls for taxing the rich.
Read at Portland Mercury
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