Progressives want to tax billionaires first, and you’re next on the list

A Fox News opinion piece argues that progressive proposals for a "billionaire wealth tax" would ultimately expand to affect ordinary Americans, not just the ultra-wealthy. The author uses California Democrat Rep. Ro Khanna's manifesto backing a billionaire wealth tax as a starting point, then draws on historical precedent to argue that wealth taxes and similar levies, once introduced, tend to widen in scope over time. The piece frames this as a warning to readers who might otherwise support such measures believing they would never personally be affected.

The article cites the historical trajectory of taxes such as income tax, which were originally sold as targeting only the wealthy before being broadened, as evidence for its central claim. It positions the debate within a wider critique of socialism and progressive economic policy, linking it to related commentary elsewhere on the site about tax flight from blue states and scepticism towards left-wing economic proposals among voters.