Report: Nobel Prize-Winning Economists Back Billionaire Tax in California Economist Joseph Stiglitz said that "a one-time 5% tax on billionaire residents of California could kickstart wealth distribution in the US & across the world." During the 2000 federal election cycle, billionaire political donations made up only 1% of the total - compared to 19% by 2024. https://novaramedia.com/2026/09/21/nobel-prize-winning-economists-back-first-billionaire-tax-in-us/#USPol #EUPol #CAElection #WealthTax #news #oligarchy #democracy .