The wealthy as a barrier to tax reform.

The article examines the political feasibility of major progressive tax reforms in the United States, highlighting that public opposition is not the primary barrier, as large majorities support progressive taxation and specific reforms such as higher top income tax rates, increased corporate taxes, and taxation of capital gains. Instead, significant obstacles include the institutional status quo bias created by multiple veto points in the U.S. political system—especially the Senate—and strong, well-organized opposition from business corporations and wealthy individuals, who exert disproportionate influence on policy-making. Surveys and studies indicate that most multi-millionaires and billionaires oppose substantial progressive tax changes and actively engage in political activities to maintain favorable tax policies. The article suggests a dual strategy for reformers: pursuing ideal long-term reforms alongside modest, politically feasible short-term measures, while recognizing that meaningful progress likely requires broader political reforms to reduce elite influence and enhance democratic participation.