When wealth-tax advocates like senators Bernie Sanders and Elizabeth Warren are two of the top three contenders for winning the 2020 Democratic primaries, you can bet that the US ruling class is terrified by the possibility of being slightly less rich (FAIR.org, 4/16/19). Notably, US oligarch Jeff Bezos (who owns the Washington Post) asked fellow oligarch Michael Bloomberg (and owner of Bloomberg News) to consider running for president, which Bloomberg decided to do a month after Sanders declared that billionaires shouldn’t exist, and a week after Warren proposed expanding her wealth tax (Washington Post, 11/9/19).
FAIR took a look at news coverage and editorials about the wealth tax from Bezos’ Washington Post, and Rupert Murdoch’s Wall Street Journal, to see if these oligarch-owned newspapers would defend their billionaire owners’ material class interests (FAIR.org, 9/16/19).