Post Carbon Board Member Chuck Collins’ op-ed on Sen. Elizabeth Warren’s proposal for a tax on the wealthiest Americans was published at The Hill.

From the article:

The wealth tax that Warren proposes would raise substantial revenue — by one estimate almost $3 trillion in the next decade. This would be a substantial boost for spending on green infrastructure, affordable higher education, and other investments that could expand opportunity.

But more fundamentally, the tax would be an investment in protecting democracy from the “tyranny of a plutocracy” that worried Roosevelt. Today’s massive concentrations of wealth also are concentrations of political and economic power, which are disruptive to democracy, social cohesion and economic stability for everyone.