“We can either have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both,” famously said former U.S. Supreme Court Justice Louis Brandeis.

• U.S. billionaires are 46 percent, or $1.6 trillion, richer than they were in 2020.
• According to a 2021 White House study, the wealthiest 400 billionaire families in the U.S. paid an average federal individual tax rate of just 8.2 percent. For comparison, the average American taxpayer in the same year paid 13 percent.
• According to leaked tax returns highlighted in a ProPublica investigation, the 25 richest Americans paid $13.6 billion in taxes from 2014-2018—a “true” tax rate of just 3.4 percent on $401 billion of income.
• According to the Institute on Taxation and Economic Policy, at least 55 of the largest corporations in America paid no federal corporate income taxes in 2020.