Nation

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The flag of the European Union

Europe tried wealth taxes. Most gave up.

U.S. Sen. Bernie Sanders, I-Vt., and Rep. Ro Khanna, D-Calif., introduced the Make Billionaires Pay Their Fair Share Act in March. The proposal would impose a 5% annual wealth tax on the roughly 938 Americans with a net worth exceeding $1 billion.

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Psilocybin mushrooms, Denver, Colo., Nov. 6, 2021

Maine lawmakers consider legalized 'magic' mushrooms

But the proposal, which was held over from the previous legislative session after failing to pass, is opposed by police officials who say Maine is still grappling with the legalization of medical and recreational cannabis and that authorizing personal use of another controlled substance would create law enforcement issues.