The Guardian view on global inequality: extreme wealth threatens democracy | Editorial

Filed by Deacon Rift

New York mayor Zohran Mamdani shows Britain’s Andy Burnham that confronting billionaires need not mean the end of cooperation with Donald TrumpIn November, Californians will vote on a one-off 5% levy on residents worth more than $1bn. The union-backed plan could raise $100bn, more than enough to replace federal healthcare funding stripped away by Donald Trump’s One Big Beautiful Bill Act. About 200 very rich people would pay. But the referendum is becoming a test of whether extreme wealth can bu