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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Telling It Like It Is — On ICE And Taxes

January 25, 2026

ICE

Seth Moulton — marine to marine (60 seconds).

The terrorists are the ones wearing masks, terrorizing an entire city.



TAXES

Taking it to the billionaires at Davos (90 seconds).

Let me stress that “some of my best friends are” billionaires — wonderful people doing wonderful things.  Not a grifter or murderer among them.

Many have asked to be more heavily taxed:


The Guardian: Nearly 400 millionaires and billionaires call for higher taxes on super-rich.

Fast Company: A majority of millionaires say extreme wealth is a threat to democracy.

Forbes: Majority Of Surveyed Millionaires Think Trump Is Damaging Global Economic Stability.

Fortune: Nearly 400 millionaires and billionaires across 24 countries are demanding Davos leaders tax them more: ‘Tax us. Tax the super rich.’

Politico: The tax revolt against global elites.


Some have joined The Patriotic Millionaires.

If, like almost everybody, you’re not yet quite at that level, join Indivisible instead.  Demand (among so much else) the kinds of tax reforms I’ve been suggesting.


Trevor Noah explains why you can’t tax billionaires (90 seconds), tongue firmly in cheek.  But I have argued that you can — How To Tax Wealth — and continue to think it’s a good, workable idea.  (Don’t worry about your wealth, except to the extent it exceeds $100 million.)


Most uber-rich people are patriotic and honest — but competitive.  They may not need that second half billion, or that fifteenth billion, but it’s fun to win . . . and if the rules let you avoid taxes, you’re not going to pay more than you have to.  Why should you, when the guy on the yacht next to you isn’t?

But if everyone has to . . . if the loopholes are closed and top rates hiked for everyone in the top 0.1% and 0.01% . . . if you get a really nice letter congratulating you on your success and thanking you for your good citizenship — maybe even a beautiful commemorative bronze medallion in any year you pay more than $1 million, silver each year you pay more than $5 million, gold $25 million . . . you get the idea . . . I think they would.

Why not?

 

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