Way back in 2018, in the earliest days of the Democrats’ so-called invisible primary, Joe Biden candidly pitched himself as the type of pro-success Democrat who wouldn’t demonize the wealthy. “I don’t think 500 billionaires are the reason we’re in trouble,” Biden said in a speech that year, drawing a distinction between himself and Bernie Sanders. And yet a presidential campaign later, 18 months after wealth tax proponents like Bernie and Elizabeth Warren petered out of the Democratic primary, those billionaires are firmly ensconced in the Biden barrel. A proposal to tax the hell out of them in the most controversial manner has abruptly become a credible proposal in an exhausted Washington, borne less out of an ideological commitment from Biden than from a frenzied, deadline-fueled panic to find $2 trillion in revenue that a single senator won’t deep-six.
Try Puck for free
Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.
Already a member? Log In
- Daily articles and breaking news
- Personal emails directly from our authors
- Gift subscriber-only stories to friends & family
- Unlimited access to archives
- Exclusive bonus days of select newsletters
- Exclusive access to Puck merch
- Early bird access to new editorial and product features
- Invitations to private conference calls with Puck authors
Exclusive to Inner Circle only
Latest Articles from A.I.
Zuck’s A.I. Landlord Era
Bernie’s A.I. Warrior Has a No-Go List
A.I. vs. Trump’s Fire & Fury
Allbirds’ A.I. Pivot Is Not a Joke
The Bores Identity
The Ex-Pixar Producer Who’s All In on A.I.
The A.I. Socialist Manifesto
Get access to this story
Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.
Latest Articles from A.I.
The Brain Trust
The Optimist’s Case for A.I.
The Great A.I. PAC Crackup
Harvard’s A.I. Gut Check
The First A.I. Candidate
Has Google Already Won the A.I. Race?
The $2B Mira Murati Mystery
You have 1 free article Left
To read this full story and more, start your 14 day free trial today →
Already a member? Log In
Get access to this story
Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.
Already a Member? Sign in
Latest Articles from A.I.
The Trump-Xi A.I. Rain Dance
Hey Grok, Is Elon Giving Up on A.I.?
Trump’s Mythos Panic Attack
The Last A.I. Chopper Out of Saigon?
What If Elon Wins the OpenAI Trial?
Hollywood’s A.I.-Infringement Terminator