# The survival of American democracy depends on taxing billionaires

- Source: Guardian Business
- Published: 2026-10-27T11:00:36+00:00
- Category: Business
- Original: https://www.theguardian.com/us-news/2026/oct/27/democracy-tax-billionaires
- Canonical: https://groundlevelnews.com/story/the-survival-of-american-democracy-depends-on-taxing-billionaires-a95145/

It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness Money doesn’t buy happiness, we’re told. Even some economists agree. The Nobel prize-winning economists Daniel Kahneman and Angus Deaton once proposed that rising income increased people’s emotional wellbeing only up to a ceiling of about $115,000 in today’s money. They probably h

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