{"id":80541,"date":"2026-10-27T06:55:33","date_gmt":"2026-10-27T11:55:33","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/10\/27\/the-survival-of-american-democracy-depends-on-taxing-billionaires\/"},"modified":"2026-10-27T06:55:33","modified_gmt":"2026-10-27T11:55:33","slug":"the-survival-of-american-democracy-depends-on-taxing-billionaires","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/10\/27\/the-survival-of-american-democracy-depends-on-taxing-billionaires\/","title":{"rendered":"The survival of American democracy depends on taxing billionaires"},"content":{"rendered":"<p>It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness<\/p>\n<p>Money doesn\u2019t buy happiness, we\u2019re told. Even some economists agree. The Nobel Prize-winning economists, Daniel Kahneman and Angus Deaton, once <a href=\"https:\/\/www.pnas.org\/doi\/full\/10.1073\/pnas.1011492107\">proposed that<\/a> rising income increased people\u2019s emotional wellbeing only up to a ceiling of about $115,000 in today\u2019s money.<\/p>\n<p>They probably hadn\u2019t met many billionaires. The ultra-rich may not pursue happiness in the joyful sense of the word. But they will try every trick in the book to hang on to their stash and woe befall the tax authority that tries to lay a finger on their treasure.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/oct\/27\/democracy-tax-billionaires\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness Money doesn\u2019t buy happiness, we\u2019re told. Even some economists agree. The Nobel Prize-winning economists, Daniel Kahneman and Angus Deaton, once proposed that rising income increased people\u2019s emotional wellbeing only up to a ceiling &#8230; <a title=\"The survival of American democracy depends on taxing billionaires\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/10\/27\/the-survival-of-american-democracy-depends-on-taxing-billionaires\/\" aria-label=\"Read more about The survival of American democracy depends on taxing billionaires\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-80541","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/80541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=80541"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/80541\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=80541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=80541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=80541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}