Democrats reignite calls for wealth tax after Elon Musk hits trillionaire status (opens in new tab)

Sen. Adam Schiff (D-Calif.) late Friday criticized what he called a “corrupt system” that produces extreme wealth at the top while many Americans lack access to health care. "There is something terribly wrong about an economy that produces its first trillionaire, but cannot provide health care for its people," he wrote late Friday on social platform X, while sharing a story from The New York Times about SpaceX CEO Elon Musk. "Or one in which the richest handful of families have the combined w...