WSJ: Billionaires' Low Taxes Becoming a Problem for Economy

Wednesday, February 18, 2026

Tax avoidance by the superwealthy is an economic issue as well as a political one

Posted by qcp at 12:33 PM | 9 COMMENTS | permalink | Comment on This Entry |

Well, look at this: The wealth gap is so wide even the Billionaires' Journal has to recognize it. Gift link: Billionaires' Low Taxes Are Becoming a Problem for the Economy www.wsj.com/finance/bill ...

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-- Jeff (Gutenberg Parenthesis) Jarvis (@jeffjarvis.bsky.social) Feb 18, 2026 at 6:23 AM

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"But debate about how much tax billionaires pay is likely to grow as America's fiscal situation deteriorates and its wealth gap widens. Data from the Federal Reserve shows that only the richest 1% of households have grown their share of overall U.S. wealth since 1990. Their share hit a record 32% in the third quarter of 2025, equivalent to $54.8 trillion.

Gains made by the billionaire class, the very top 0.1% of households and a subset of the 1%, have eclipsed the merely extremely rich. This group's share of U.S. net wealth has risen nearly 6 percentage points to 14.4% since 1990."

more at non-paywall version of WSJ article:

www.msn.com

#1 | Posted by Corky at 2026-02-18 10:53 AM | Reply

"Billionaires' Low Taxes Becoming a Problem for Economy"

There are fewer than 1,000 billionaires in the United States. Once again society persecutes helpless minorities.

#2 | Posted by censored at 2026-02-18 11:11 AM | Reply

No, we have a spending problem, always have. And a big part of it are NGOs when the funding gets approved but doesn't get to the actual need. Democrats steal it.

#3 | Posted by fishpaw at 2026-02-18 12:50 PM | Reply | Funny: 2

we have a spending problem
#3 | Posted by fishpaw

DOGE was supposed to fix that.
You're too dumb to know that.

#4 | Posted by snoofy at 2026-02-18 12:51 PM | Reply | Newsworthy 1

She's such an idiot.

#5 | Posted by LegallyYourDead at 2026-02-18 01:08 PM | Reply

The only way to fix this is to give billionaires another tax cut.

FishPawn is eager to give his betters whatever they want.

#6 | Posted by ClownShack at 2026-02-18 01:30 PM | Reply

we have a spending problem
#3 | POSTED BY FISHPAWN

Donald Trump is personally responsible for $15 trillion of our nation's $ 25 trillion debt.

Which you're totally fine with.

Do us all a favor and shut the fuck up.

#7 | Posted by ClownShack at 2026-02-18 01:34 PM | Reply

"we have a spending problem"

Borrowing an extra $5 Trillion to give away via tax cuts to the world's wealthiest is SPENDING, Einstein.

#8 | Posted by Danforth at 2026-02-18 01:42 PM | Reply

No, we have a spending problem, always have. And a big part of it are NGOs when the funding gets approved but doesn't get to the actual need. Democrats steal it.

#3 | Posted by fishpaw

This stupid f*&^ will mime this BS line until his dying days.

Guess what, s*&^bag, we do have a spending problem, but we also have an income problem. There are always input and output parts of the equation no matter how hard you cling to your talking points.

#9 | Posted by jpw at 2026-02-18 02:21 PM | Reply