Home / WorldWorldABC NewsWorldABC News·Jun 16, 2026·1 min readHow the explosion of the ultra-wealthy risks democracyDemocracy cannot survive trillionaires. We need to start taxing billionaires properly.View original source — ABC News ↗ShareCopy linkShare on XShare on FacebookRelated storiesTechnologyThe GuardianTechnologyJun 4, 2026 · 1 min‘It is unsustainable’: Reform’s billionaire donors inspire panic in WestminsterThe GuardianTechnologyBloombergTechnologyJun 9, 2026 · 1 minWill Billionaires Really Flee a California Wealth Tax?BloombergTechnologyThe GuardianTechnologyJun 17, 2026 · 1 minIs it bad that Elon Musk has a trillion dollars? Yes, and here’s whyThe GuardianTechnologyThe New York TimesTechnologyJun 9, 2026 · 1 minBillionaires’ Billions Are Increasing Faster Than EverThe New York Times
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